XTRA:ALVInsurance
Allianz Weighs HSBC Life Singapore Bid And Asian Growth Opportunity
Allianz (XTRA:ALV) has been shortlisted as a potential buyer for HSBC Life (Singapore) in an ongoing review of HSBC's insurance operations.
The process involves several global insurers and focuses on HSBC's Singapore life insurance business.
The review is progressing to a new phase where shortlisted bidders, including Allianz, assess the opportunity in more detail.
For Allianz, one of Europe's largest insurance groups, being shortlisted for HSBC Life (Singapore) indicates an interest in...