Allianz-Income merger in limbo as parties weigh new rules

A CEO said there is no guarantee that any transaction will take place.

Allianz and Income Insurance continue to explore potential modifications to their proposed acquisition deal, initially announced in July, both said in a local bourse filing.

The parties are actively reviewing the implications of a recent Ministerial Statement by Edwin Tong, which addresses regulatory concerns and amendments to the Insurance Act of 1966.

As of the latest update on 14 November, both Allianz, Income Insurance, and NTUC Enterprise Co-operative are in ongoing discussions to address these regulatory issues.

“These discussions are still ongoing and there is no guarantee that any transaction will take place. Income Insurance will make further announcements if and when there are any material developments which warrant disclosure, in compliance with applicable laws and regulations,” Income Insurance CEO Andrew Yeo said in the filing.

Income Insurance has advised its shareholders and bondholders to exercise caution when dealing with the company's securities and to seek professional advice if needed.

Follow the link s for more news on

Allianz

Income Insurance Limited

APAC Insurance M&A Deals

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

7 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

11 hours ago

Nearly half of workers report six or more unpaid hours a week, report says