Allianz and Sun Life express interest in HSBC’s insurance business in Singapore

Allianz and Sun Life are preparing a potential bid to acquire HSBC’s insurance business in Singapore.

In February 2026, the British bank initiated discussions with prospective buyers, including Dai-ichi Life and Nippon Life. The talks centered on the sale of its Singapore operations for more than 1 billion USD.

This planned divestment forms part of HSBC’s strategy to exit non-profitable businesses.