Published 4 years ago

Insurer Aviva sells Singapore unit as new CEO shifts focus

Summary by Reuters

By Tanishaa Nadkar and Pushkala Aripaka - Life and general insurer Aviva is offloading its Singapore business to a consortium led by Singapore Life, for S$2.7 billion , as the London-listed firm sharpens its focus on Britain, Ireland and Canada. The British company said on Friday it will sell its majority shareholding in the business to the Singlife consortium, which

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News18 India

Insurer Aviva Sells Singapore Unit As New CEO Shifts Focus

Life and general insurer Aviva is offloading its Singapore business to a consortium led by Singapore Life, for S$2.7 billion ($1.98 billion), as the Londonlisted firm sharpens its focus on Britain, Ireland and Canada.

4 years ago·India

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Reuters

Insurer Aviva sells Singapore unit as new CEO shifts focus

4 years ago·United Kingdom

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Channel News Asia

British insurer Aviva to sell Singapore business to consortium led by Singlife

SINGAPORE: British life, motor and home insurer Aviva said on Friday (Sep 11) it will sell its majority shareholding in its Singapore business to a consortium led by Singapore Life for S$2.7 billion (US$1.98 billion), as the company reduces focus on Asia. The Singlife consortium includes ...

4 years ago·Singapore

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Today

British insurer Aviva to sell Singapore business for S$2.7 billion

SINGAPORE — British life, motor and home insurer Aviva said on Friday (Sept 11) it will sell its majority shareholding in its Singapore business to a consortium led by Singapore Life for S$2.7 billion, as the company reduces focus on Asia.

4 years ago·Singapore

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This Is Money

Struggling Aviva selling Singapore arm for £1.6bn

The insurance group will be bought by a consortium led by Singapore Life, with private equity firm TPG becoming its largest shareholder. Blanc is trying to refocus Aviva on more profitable divisions.

4 years ago·United Kingdom

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Business Times

Singlife, Aviva Singapore to merge in S$3.2b deal

HOMEGROWN insurer Singapore Life (Singlife) intends to merge with Aviva Singapore in a deal valued at S$3.2 billion, which will make it one of the largest in the South-east Asian insurance sector and the largest in Singapore. Read more at The Business Times.

4 years ago

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