The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations .(August 2023) |
Type | Public |
---|---|
Industry | Insurance |
Founded | 2017[1] |
Headquarters | Singapore |
Area served | Singapore |
Key people | Pearlyn Phau (CEO) Ray Ferguson (Chairman) |
Products | Life insurance Health insurance Protection plans Savings plans Investment plans |
Website | singlife |
Singapore Life Limited or Singlife, formerly known as Singlife with Aviva, is a Singaporean insurance company.
Singlife was established by Walter de Oude in 2017 as the first local insurer to be licensed by the Monetary Authority of Singapore since 1970. [1] In 2018, Singlife acquired the business portfolio of Zurich Life Singapore. [2] In 2020, Singlife and Aviva Singapore announced a merger deal valued at $3.2 billion, which made the combined company the largest insurer in Singapore. [3]
On 13 September 2023, Aviva announced its withdrawal from the Singlife joint venture. [4] The company entered into an agreement to sell its 25.9% stake in Singlife, as well as two debt instruments, to Sumitomo Life Insurance Company for a total cash consideration of SGD1.4 billion (£0.8 billion). The sale is expected to complete in Q4 2023, subject to customary closing conditions and regulatory approvals. Aviva's decision to exit the Singlife joint venture follows its earlier sale of the majority stake in Aviva Singapore to a consortium led by Singlife in 2020.
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2022, AIG employed 26,200 people. The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is the title sponsor of the AIG Women's Open golf tournament. In 2023, for the sixth consecutive year, DiversityInc named AIG among the Top 50 Companies for Diversity list.
Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zürich, Switzerland. It is one of the world's largest reinsurers, as measured by net premiums written. Swiss Re operates through offices in more than 25 countries and was ranked 118th in Forbes Global 2000 leading companies list in 2016. It was also ranked 313th on the Fortune Global 500 in 2015.
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AIA Group Limited, often known as AIA, is a Hong Kong-based multinational insurance and finance corporation. It is the largest publicly listed life insurance group in Asia-Pacific. It offers insurance and financial services, writing life insurance for individuals and businesses, as well as accident and health insurance, and offers retirement planning, and wealth management services, variable contracts, investments and securities.
Delta Lloyd Group was a Dutch insurer with operations in the Netherlands, Belgium and Germany. It consisted of Delta Lloyd, OHRA, ABN AMRO Verzekeringen and a few minor banks. The company was the sixth-largest insurer in the Netherlands, with a market share of approximately 8% before it was acquired by NN Group in 2017.
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