German insurance giant Allianz has withdrawn a $1.6 billion takeover offer for Singapore's Income Insurance following resistance from the South-East Asian country's government, the Munich-based ...

Allianz SE, the largest German insurance company, is considering abandoning the proposed acquisition of Singapore Income Insurance Ltd for 2.2 billion Singapore francs ($1.6 billion) amid a negative ...

Singapore’s government made a rare intervention in a merger deal, stepping in to block a controversial $1.7 billion deal by Germany’s Allianz to buy Income Insurance, a cooperative-turned-company.