Aviva will be selling its Singapore business to a consortium led by Singapore Life, the insurer said on Sept 11, 2020. - The Straits Times/Asian News Network
SINGAPORE (Business Times-The Straits Times/ANN): 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.
In a statement issued on Friday (Sept 11) night, Singlife said the deal will bring its mobile savings and protection solutions to Aviva's 1.5 million strong customer base, and offer existing Singlife customers a deeper product range and advisory capabilities.
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