
HSBC Sells Singapore Life and Health Insurance Business to Allianz for S$2.7 Billion
HSBC has agreed to sell its Singapore life and health insurance business, HSBC Life Singapore, to Germany’s Allianz for S$2.7 billion (US$2.08 billion). The deal, expected to finalize in H1 2027 pending regulatory approval, includes a 15-year bancassurance agreement and is projected to generate a US$1.8 billion pre-tax gain for HSBC.


















