Organization1 members
Allianz SE.
European multinational insurance and financial services corporation
Today's story
US tariffs Singapore; Allianz buys HSBC Singapore insurer
The US has imposed a 12.5% tariff on Singapore over forced-labor concerns, while Allianz agreed to buy HSBC’s Singapore Life unit for about US$2.9 billion, reflecting a broader push to streamline portfolios in Singapore. HSBC’s sale, including a 15-year exclusive bancassurance distribution deal, is part of its strategy to free capital and focus on core markets, potentially boosting CET1 and enabling higher returns.
Business · 39 sources · Jul 26, 2026Read itThe journal
Open the journal →The conversation starts in the journal — be the first to post.
About Allianz SE
Allianz SE is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.
Everything about Allianz SE →- Country
- Germany
- Headquarters
- Munich
- Inception
- February 5, 1890
- Website
- https://www.allianz.com/, https://www.allianz.fr, https://www.allianz.com.tr/, https://www.allianz.es/