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Singapore Life

M&A

Singapore Life secures US$$90 mil investment from Sumitomo Life

SINGAPORE (July 1): Homegrown insurer Singapore Life has secured a US$90 million ($121.8 million) investment from Sumitomo Life Insurance Company, one of the largest life insurers in Japan.

M&A

City veteran Michael Spencer eyeing controlling stake in Singapore Life: FT

SINGAPORE (Dce 12): Insurance startup Singapore Life has apparently caught the eye of City veteran Michael Spencer who is said to be in advanced talks to invest US$50 million ($68.6 million) for a controlling stake, according to a recent report by UK’s

Investing strategies

Singapore Life gathers interest from 800 consumers to invest in its 3% Endowment Plan

SINGAPORE (Nov 27): Singapore Life announced that since its pre-registration opened on Nov 23, 2018, more than 800 prospective clients have lodged interest to invest in its third savings fund – 3% Endowment Plan.

In print this week

Insurer Singapore Life aims to simplify products; bets on asset-light model for profitability

SINGAPORE (Sept 17): A veteran of the life insurance industry, Walter de Oude has developed some pet peeves about the business. For one, he thinks that kitsch advertising has affected consumer trust. “Most life insurance companies in the past showed you

Zurich Insurance to sell Singapore life assurance business

(Jan 9): Zurich Insurance is selling its Singapore life assurance business, with policies providing US$4.5 billion ($6.0 billion) of coverage, to Singapore Life as part of the Swiss group’s overhaul under Chief Executive Mario Greco.

New player in the local life insurance scene

SINGAPORE (June 13): Singapore is getting a new licensed insurer for the very first time since 1970.

Fintech

Life insurance startup Singapore Life raises $70 mil in funding

SINGAPORE (April 27): Singapore Life has raised US$50 million ($70 million) in Series A funding round led by Hong Kong listed Credit China FinTech Holdings through its subsidiary, Impact Capital Holdings, as well as UK-based investment firm IPGL Limited.
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