logo
Plus   Neg
Share
Email

Aflac Makes $20 Mln Minority Equity Investment In Singapore Life Pte

Aflac Inc. (AFL) announced that it has made a $20 million minority equity investment in Singapore Life Pte. Ltd., a digitally-focused life insurance company based in Singapore.

In addition, the company said that its operating subsidiary American Family Life Assurance Company of Columbus plans to enter into a reinsurance agreement on certain protection products with Singapore Life.

CEO of Singapore Life Walter de Oude said, "We are excited to have Aflac as both an investor in Singapore Life and a partner, given the strength of Aflac's brand, the credibility that it brings, and their leadership in the areas of cancer insurance and other supplemental medical policies. We look forward to working with Aflac as we continue to grow Singapore Life's range of financial services that our customers are seeking."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Tesla Motors Inc. (TSLA) surged 12% in extended trading session on Wednesday after the luxury electric car maker reported a surprise third-quarter profit, which trumped Wall Street estimates. Looking forward, the company said it is "highly confident" to exceed 360,000 deliveries this year. Palo... Spotify is offering free Google Home Mini speakers to all new and existing Spotify Premium users in the U.S. The music streaming service said Tuesday that the Google Home Mini offer is for all eligible Premium Individual and Premium Family master account users in the U.S. The offer is available through November 15, or until supplies last. Federal Cartridge recalled about 3,100 units of Blackhawk T-Series L2C gun holsters due to injury hazard, a statement published by the U.S. Consumer Product Safety Commission said. The safety switch on the firearm can change its position without the knowledge of the user due to the holster design, causing the gun to fire if the trigger is pulled and pose injury hazard to the user and bystander.
RELATED NEWS
Follow RTT
>