Two insurance-related SGX listcos remain if GEH is delisted: United Overseas Insurance (SGX:U13
) (UOI) and insurtech firm V2Y. United Overseas Bank (SGX:U11) (UOB) divested its life insurance unit, UOB Life, to Prudential in 2010. The separately-listed UOI sells general insurance, covering homes and cars, among others.
Oversea-Chinese Banking Corporation’s (OCBC) (SGX:O39) move to privatise and potentially delist Great Eastern Holdings ) (SGX) will remove the last life insurer from the local bourse.
GEH is one of four domestic systemically important insurers (D-SIIs) identified by the Monetary Authority of Singapore (MAS) in September 2023, which is now facing additional capital requirements.
