DigitalInsurance

Sumitomo offers to fully acquire Singlife, valuing insurer at US$3.46bil

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[ SINGAPORE: In one of the largest insurance deals in the region, Japanese insurer Sumitomo Life Insurance is offering to fully acquire local insurer Singapore Life Holdings (Singlife), valuing it at S$4.6bil (US$3.46bil). Under the deal, Sumitomo Life will buy asset manager TPG’s 35% stake in Singlife for S$1.6bil. It will also offer to acquire … Read more

Etiqa upbeat about economic outlook for M’sia

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[ KUALA LUMPUR: The country’s largest local insurer Etiqa is optimistic about the economic outlook for Malaysia and its ability in digital services delivery The country’s’ gross domestic product (GDP) is expected to rise between 4% and 5% in 2024 as projected by Bank Negara versus 4% this year. Etiqa group chief executive officer Kamaludin … Read more