Proposed Insurance Co-op’s Sale to Allianz Stirs Singapore Unease
Minister says multibillion-dollar German giant’s US scandal is irrelevant to proposed Singapore deal
By: Toh Han Shih
The plan of the German insurer and asset manager Allianz Group to buy a majority stake in Singapore’s Income Insurance co-op has aroused opposition among Singaporeans including members of the city-state’s establishment and generated unusual debate in Parliament, signifying the sensitivity of selling off a home-grown entity entrusted with…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.