Allianz bid for Income Insurance fuels concerns over Fullerton

A public row over Allianz’s agreement to take control of Singapore’s Income Insurance has been grabbing headlines recently, but may be overshadowing other important implications of the prospective deal.  A major question is how the German insurer's planned acquisition of a 51% stake – unveiled on July 17 – would affect Income’s strategic partnership with Fullerton Fund Management and Income's own investment team. Singapore-based Fullerton runs a sizeable chunk of Income’s S$43 b…