HSBC to sell Singapore life insurance arm to Allianz for $2.09bn
HSBC Holdings has agreed to sell its Singapore life and health (L&H) insurance business, HSBC Life (Singapore) (HSBC Life SG), to Germany's Allianz for S$2.7bn ($2.09bn). Under the deal, HSBC Insurance (Asia-Pacific) Holdings, an indirect wholly owned subsidiary of HSBC, will sell 100% of …