Allianz-Income deal followed talks on all-Singaporean tie-up

While German insurer Allianz’s recent agreement to take control of Singapore’s Income Insurance has sparked fierce public criticism, this opposition seems unlikely to halt the deal’s progress. It may even accelerate its completion, industry executives have suggested privately to AsianInvestor. Especially given that, prior to the current agreement, talks for a partnership between Income and another large Singaporean insurance firm fell through, as AsianInvestor has learned. Allia…