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HSBC (5 HK) will sell its life and health insurance business in Singapore to Allianz (ALV GY) for USD 2.1bln

StockNow breaking-news AI analysis

HSBC's $2.1B sale of its Singapore insurance arm to Allianz advances its asset-light Asia strategy, freeing capital for wealth management while allowing Allianz to significantly expand its regional footprint.

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