, Singapore
275 views
/Singlife

Singlife receives $179.9m capital injection from Sumitomo Life

With 23.68 million new shares, Sumitomo Life now owning a 27.001% share.

Sumitomo Life Insurance Company has injected over S$179.99m to Singlife.

The issue comprises 23,684,210 new shares, or a 4.92% increased share capital of Singlife. Following the capital injection, Sumitomo Life now owns 27.001% of Singlife.

In a press release, Singlife said that it will use the capital to support its business growth.

ALSO READ: Singlife offers one year free life insurance coverage to caregivers

 Singlife serves as the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs, and Public Officers Group Insurance Scheme in Singapore. It also provides CareShield and employee benefits in the Lion City.

Follow the links for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.