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Emerging risks | Growth Opportunities | APAC Insurance

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Sunday, October 4, 2026

Sumitomo Life

fitch-upgrades-singapore-lifes-ratings-post-sumitomo-life-acquisition
Fitch Upgrades Singapore Life's ratings post Sumitomo Life Acquisition
March 26 2024
IFS rating upgraded to A+ following Sumitomo Life acquisition and change in financial reinsurance arrangement.
sumitomo-life-acquires-full-ownership-of-singlife-in-sg4-6bn-deal
Sumitomo Life acquires full ownership of Singlife
March 18 2024
Full acquisition, first announced in December, has been finalised, valuing Singlife at SG$4.6bn (US$3.44bn)
acquisition-of-singapore-life-set-to-boost-sumitomo-lifes-credit-profile-fitch
Acquisition of Singapore Life set to boost Sumitomo Life's credit profile: Fitch
January 5 2024
The US$3bn acquisition should see strengthening of the Japanese insurer's financial leverage and diversification.
fitch-maintains-sumitomo-lifes-ifs-rating
Fitch maintains Sumitomo Life's IFS rating
October 30 2023
Sumitomo Life Insurance has maintained its strong 'A+' rating from Fitch Ratings, amid steady expansion in APAC and potential for a recovery in underwriting profitability.
Jigsaw puzzle with the city of singapore in the background.
Sumitomo Life to buy Aviva's stake in Singlife for US$1bn
September 13 2023
Aviva will receive US$998m for its equity stake and two debt instruments, with Sumitomo Life increasing its total shareholdings to 49%.
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.