Income could still find other buyers but investors may be cautious, say analysts after Allianz withdraws offer

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Income could still find other buyers but investors may be cautious, say analysts after Allianz withdraws offer - Channel News Asia

Quick Summary:

German insurer Allianz on Monday (Dec 16) announced that it has withdrawn its offer to acquire a majority stake in Income Insurance.

But he noted that while the likes of DBS and Temasek have the financial capability to invest in Income, their contribution to its strategic transformation may be "more limited" compared to a global insurer like Allianz.

"While it may not discourage investments outright, future investors may approach similar deals with heightened caution and conduct more thorough assessments of regulatory and strategic risks," added Assoc Prof Kamiya.