BREAKING: Allianz Is Said to Make Offer for Singapore’s Income Insurance

[Dr Christopher Cheok C S]

Good bank..and..Bad Bank mah

It is worrying. Income's valuation is lower than Singlife, both deals announced this month. Singlife is a much smaller player in Singapore.

This is like Hyflux-II. It also hints that Income's balance sheet is very weak. Allianz only made an offer but Income's board is extremely supportive of it.
Announcement: https://www.income.com.sg/pre-convgo

I have already lost my savings in Hyflux, everyday i think about how MAS, DBS, PUB and Hyflux board of directors conned me. I don't want to lose my life & saving policies with a risky insurer. I would have never placed my savings with Allianz in the first place. I can only hope that Great Eastern or a more reputable insurer put up a counter offer, or else, i will surrender all my policies when Allianz takes over.

 

[red amoeba]

Surely premium will increase with the acquisition. More business for the agents. More cocks to suck more pussies to dig.

 

[k1976]

Surely premium will increase with the acquisition. More business for the agents. More cocks to suck more pussies to dig.

More and more white creamy out cum for u , Boss John?

 

[congo9]

It is worrying. Income's valuation is lower than Singlife, both deals announced this month. Singlife is a much smaller player in Singapore.

This is like Hyflux-II. It also hints that Income's balance sheet is very weak. Allianz only made an offer but Income's board is extremely supportive of it.
Announcement: https://www.income.com.sg/pre-convgo

I have already lost my savings in Hyflux, everyday i think about how MAS, DBS, PUB and Hyflux board of directors conned me. I don't want to lose my life & saving policies with a risky insurer. I would have never placed my savings with Allianz in the first place. I can only hope that Great Eastern or a more reputable insurer put up a counter offer, or else, i will surrender all my policies when Allianz takes over.

Why you buy into Hyflux ?
Do you know that you are buying into a bond call "Perpetual note"

A perpetual bond, also known as a perp, is a type of bond that has the following characteristics ¹ ² ³ ⁴:
- No maturity date
- Issuer does not have to redeem the principal amount
- Interest is paid in the form of coupon payments
- Theoretically, the coupon payments will be paid forever
- Can be called back by the issuer at their discretion
- Higher credit risk for the investor
- Higher interest rate risk for the investor
- Can offer a step-up feature to increase the coupon rate over time
- Can be traded on a stock exchange
- Can be used by investors seeking regular fixed income payments
it is a high risks bond, and it's only meant for institutional investor and not for POP and MOM investor. This round, Hyflux has conned 1 billion SGD out of POP and mom investor. From then on, whenever Hyflux founder name is being mention names, I spit at her !



A perpetual bond, also known as a perp, is a type of bond that has the following characteristics ¹ ² ³ ⁴:
- No maturity date
- Issuer does not have to redeem the principal amount
- Interest is paid in the form of coupon payments
- Theoretically, the coupon payments will be paid forever
- Can be called back by the issuer at their discretion
- Higher credit risk for the investor
- Higher interest rate risk for the investor
- Can offer a step-up feature to increase the coupon rate over time
- Can be traded on a stock exchange
- Can be used by investors seeking regular fixed income payments

 

[oliverlee]

Alllianz is the most fucked up german financial co.

one cheebai deserves another

 

[laksaboy]

Surely premium will increase with the acquisition. More business for the agents. More cocks to suck more pussies to dig.

Premiums for cancer coverage will (or have already) go up, because many of the vaxtards will make claims for cancer treatments.

Insurance companies are like casinos, they have done all their calculations beforehand.

 

[laksaboy]

Alllianz is the most fucked up german financial co.

Surely can't be more fucked up than the PAP-linked NTUC Income.

It's a great location but the logo is an eyesore. Hopefully Allianz changes this.
Or just move elsewhere and change that place into another mall/hotel 'mixed development' nonsense.

 

[k1976]

Insurance ish a Sunset Industry?

 

[congo9]

I don't know if NTUC HAS only market in Singapore only.

 

[laksaboy]

NTUC the fraudulent labour union should be dismantled and all its affiliated organizations and businesses should be sold.

For the NTUC Fairprice supermarkets, I recommend selling them to AEON or Tesco. Maybe give a few outlets/locations to Giant, so the rest of them can compete with Sheng Siong and Hao Mart.

Without the PAP regime's patronage and without daft Sinkies actually believing that NTUC Fairprice operates as a 'co-operative', the supermarket business would have already been snuffed out by Oriental Emporium long ago.