HSBC sells Singapore insurance business to Germany’s Allianz in $2.7-billion deal

HSBC sells Singapore insurance business to Germany's Allianz in US$2.09 billion deal

HSBC said on Friday (Jul 24) it will sell its Singapore life and health insurance business to Germany's Allianz, in a deal valuing the unit at S$2.7 billion (US$2.09 billion).The disposal is expected to generate a…