Sumitomo Life's Singlife purchase tops SEA acquisitions in H1 2024

The acquisition valued the Singaporean insurer at S$4.6b.

Sumitomo Life Insurance Company's purchase of Singapore's Singlife was the top acquisition in Southeast Asia (SEA) in the first half of the year (H1 2024), Tracxn reported.

The Japan-based insurance company completed its acquisition of Singlife in March, which valued the Singaporean insurer at S$4.6b.

In H1 2024, the SEA region saw 16 acquisitions, including seven from Singapore.

The other six Singapore-based companies acquired in H1 2024 were IN-D, AlteriQ Global, Contour, Jubi, Blacksmith, and Caltex Singapore.

Meanwhile, Singapore companies were also top performers in funding, with ANEXT Bank in the lead with a US$148m Series D round.

DCS Card Centre and NIUM were also part of the five funding rounds in SEA for H1 2024, raising US$75.2M and $50.0m, respectively.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia