GE2025: Ng Chee Meng not to blame for Income-Allianz deal; WP would have approved it if in charge, says SM Lee

A failed takeover bid by Global 500 insurer Allianz is now a political hot potato in Singapore’s election

Around 2.75 million Singaporeans are eligible to vote in the Southeast Asian country’s general election on May 3, and choose a prime minister to lead the city for the next half decade. And in the nine days of the election campaigning, one of the world’s shortest, a failed deal between Allianz, the Global 500 insurance giant, and local insurer Income Insurance from last year is getting dragged back into the spotlight. Allianz offered to take over…

Allianz-Income Saga Becomes a Flashpoint in Singapore’s Election

The blocked sale of Income Insurance Ltd. to Allianz SE has emerged as a political flashpoint in Singapore’s elections, with the ruling party drawing criticism for its response to the controversial deal last year.

GE2025: Ng Chee Meng not to blame for Income-Allianz deal; WP would have approved it if in charge, says SM Lee

Senior Minister Lee Hsien Loong said the Workers' Party had "nothing to do with" the blocking of the deal when parliament passed the legislation, as WP MPs had abstained from voting on the changes.

Ex-NTUC Income Chief's Second Letter on Allianz Aborted Deal

SINGAPORE: Former NTUC Income Chief Executive Tan Suee Chieh has publicly called on Deputy Prime Minister Gan Kim Yong to address unresolved concerns surrounding the aborted sale of Income Insurance to German insurer Allianz, framing the issue as a matter of leadership, governance, and public trust in the lead-up to the General Election. In a […] The post Ex-NTUC Income chief issues second open letter over aborted Allianz deal, this time directe…

GE2025: When MAS saw Allianz-Income deal, focus was ownership, not capital extraction: DPM Gan

Clarifying his role in the controversial Income-Allianz deal, Deputy Prime Minister Gan Kim Yong said that when the Monetary Authority of Singapore (MAS) saw the proposal in July, the focus was the main transfer of ownership in Income.

Harpreet Singh asks DPM Gan, ‘Will you answer Tan Suee Chieh’s questions about the Income-Allianz deal?’ – Hoffeldt

The Independent Singapore News SINGAPORE: Workers’ Party (WP) candidate Harpreet Singh Nehal was in fine form at the rally for Punggol GRC at Yusof Ishak Secondary School on Monday night (April 28) addressing the crowd in multiple languages, and refusing to mince words about a hot topic that emerged during this election — the blocked Income-Allianz deal from last […] The post Harpreet Singh asks DPM Gan, ‘Will you answer Tan Suee Chieh’s questi…