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In July 2024, the NTUC Enterprise co-operative gave an irrevocable undertaking to sell a majority 51% stake of Income Insurance Ltd to German insurer Allianz. [13]NTUC Enterprise Chairman Lim Boon Heng stated that "is a capital-intensive business and to grow, there is a need to tap the capital markets" and that the sale was necessary because the "strength of Allianz’s financial position will ...
The National Trades Union Congress (NTUC), also known as the Singapore National Trades Union Congress (SNTUC) internationally, is the sole national trade union centre in Singapore. NTUC leads the labour movement of Singapore , comprising 59 affiliated trade unions, 5 affiliated trade associations, 6 social enterprises, 6 related organisations ...
He was appointed, as the Group Chief Executive at NTUC Enterprise on 1 October 2013. [1] Previously Tan was Chief Executive of NTUC Income Insurance Co-operative Limited in Singapore from February 2007 to September 2013. He has served as a member of the organization's Board of Directors since 2003. [2]
Allianz's bid to take over Singapore's Income Insurance drew scrutiny from both public officials and prominent Singaporeans. How a Global 500 insurer’s $1.6 billion Singapore deal fell apart ...
Ng Chee Meng PJG PPA(E) PPA(G) PBS (Chinese: 黄志明; Pe̍h-ōe-jī: N̂g Chì-bêng; pinyin: Huáng Zhìmíng; born 8 August 1968) [1] is a Singaporean politician, union leader and former lieutenant-general who is a member of the governing People's Action Party (PAP) and has been serving as Secretary-General of the National Trades Union Congress (NTUC) since 2018.
A homeowners insurance policy is designed to provide you with financial protection from a variety of damage-causing events, also called perils.
The most basic home insurance policy is an HO-1, which provides coverage on the structure of your home. An HO-2 is a step above the HO-1, as it covers your home and personal belongings for named ...
Tan ran NTUC Income with the aim of providing the best value to the policyholders. This meant lower fees for insurance agents, encouragement of direct selling practices which bypassed the agents altogether, [6] and low operating expenses—throughout his 30-year term as CEO, Tan flew in economy class, even on long haul flights. This management ...