Aviva, Singlife complete merger

It is claimed to be the country's largest insurance deal at $3.2b.

Singlife and Aviva have completed their merger, the country’s largest insurance deal valued at $3.2b, according to a statement.

The new combined business will be called Aviva Singapore Pte Ltd.

Current Singlife chairman Ray Ferguson is appointed chairman of Aviva Singlife, whilst Singlife Group CEO Walter de Oude is deputy chairman. Current Aviva Singapore CEO Nishit Majmudar will be named CEO upon approval of the scheme of transfer by the Singapore courts.

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