Tag "Sumitomo Life"
Singlife Now Officially a Fully-Owned Subsidiary of Sumitomo Life
Homegrown financial services company Singapore Life Holdings (Singlife) is now officially a fully-owned subsidiary of the Japanese insurance giant, Sumitomo Life. The acquisition deal was greenlit by regulators in both Singapore and Japan on 22 December 2023. The deal values
Read More
Fitch Sees Credit Rating Boost for Sumitomo Life Once Singlife Acquisition Finalises
Credit rating agency Fitch Ratings highlighted that Sumitomo Life Insurance Company’s planned acquisition of Singapore-based financial services firm Singlife is poised to bolster the Japanese insurer’s credit standing. The acquisition, still awaiting regulatory approval in Japan and Singapore, is expected
Read More
Sumitomo Life Buys 25% Stake in Singapore Life for US$ 90 Million
Singapore Life seems to be a on a streak, as they raise yet another round funding this year. In this round, the homegrown insurtech company secure US$ 90 Million investment from Sumitomo Life Insurance company. Through this transaction Sumitomo Life
Read More