HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal
By Selena Li, Sneha Kumar and Yantoultra Ngui July 24 (Reuters) - HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), as it trims non-core operations and focuses on its Asian wealth and wholesale banking operations.