Acquisition History / Allianz SE / HSBC Life (Singapore)
Allianz SE Acquires HSBC Life (Singapore)
Announced July 24, 2026 — $2.09B
What happened
HSBC Life Singapore is HSBC's Singapore life and health insurance business. Germany's Allianz agreed to acquire the unit for S$2.7B, with HSBC entering a 15-year bancassurance distribution agreement backed by an upfront S$200M payment.
- Acquirer
- Allianz SE
- Target
- HSBC Life (Singapore)
- Announced
- July 24, 2026
- Price
- $2.09B
- Industry
- Life and health insurance
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Allianz SE acquire HSBC Life (Singapore)?
Allianz SE acquired HSBC Life (Singapore) on July 24, 2026. This was Allianz SE's 1st publicly tracked acquisition out of 1 we have on record.
How much did Allianz SE pay for HSBC Life (Singapore)?
Allianz SE paid $2.09B for HSBC Life (Singapore).
What does HSBC Life (Singapore) do?
HSBC Life Singapore is HSBC's Singapore life and health insurance business. Germany's Allianz agreed to acquire the unit for S$2.7B, with HSBC entering a 15-year bancassurance distribution agreement backed by an upfront S$200M payment.
What other Life and health insurance companies has Allianz SE acquired?
HSBC Life (Singapore) is Allianz SE's only publicly tracked acquisition in Life and health insurance so far.