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Allianz buys HSBC's Singapore insurance unit for $2.09 billion
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Allianz buys HSBC's Singapore insurance unit for $2.09 billion

Allianz has agreed to acquire HSBC's Singapore insurance business for $2.09 billion. The deal strengthens the German insurance giant's foothold in the Asian market. The move is part of HSBC's broader strategy to streamline its insurance operations outside its core markets.

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