# Singapore Life

Singapore Life is an Insurance based in Singapore, Singapore.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** 4 Shenton Way, #01-01 SGX Centre II, Singapore 068807
- **Founded:** 2014
- **Assets under management:** $10B - $20B (Altss estimate)
- **Website:** singlife.com
- **LinkedIn:** https://www.linkedin.com/company/singapore-life

## Regulatory record

- **Reports private funds:** No

## About

Walter de Oude founded Singapore Life in 2014 as a digital-first insurer, securing a license from the Monetary Authority of Singapore. The firm vaulted to scale in 2020 through a merger with Aviva Singapore, absorbing Aviva's S$6.6 billion in assets and its legacy policy book. In 2024, Japanese mutual giant Sumitomo Life Insurance Company acquired 100% of Singlife for S$4.6 billion, delisting the entity and integrating it into a pan-Asian insurance platform that now commands Altss-estimated assets of $10–$20 billion. Singlife deploys its general account across direct real estate, private credit, and infrastructure, with confirmed positions including the Marina One East Tower office at 7 Straits View and its own SGX Centre II headquarters. The firm runs a physical gold-backed investment-linked product alongside its Singlife Account, a hybrid savings-and-protection vehicle built for the Singapore retail market. Its geographic footprint centers on Singapore, with Sumitomo Life's ownership opening exposure corridors into Japan and broader Southeast Asian private markets. Pearlyn Phau assumed the Group CEO role following the Sumitomo acquisition, with Chairman Ray Ferguson providing continuity from the pre-acquisition board. Singlife operates from its Shenton Way headquarters and maintains a philanthropic vehicle, Singlife Care Collab, for community health initiatives. March 2024: Sumitomo Life completed its S$4.6 billion all-cash acquisition of the 100% stake not already held, taking Singlife private as its Southeast Asian flagship (per Bloomberg, 2024). The structural differentiator is the insurance general-account balance sheet with direct investment discretion — Singlife isn't a family office allocating surplus wealth but a regulated insurer deploying policyholder capital into illiquid real assets. That liability structure imposes duration-matching constraints that shape its appetite for long-dated infrastructure and commercial property, making it a distinct counterparty for GPs raising Asia-focused vehicles.

## Sectors

- Real Estate
- Private Credit
- Infrastructure

## People

- Pearlyn Phau — Group CEO
- Ray Ferguson — Chairman
- Walter de Oude — Founder

## Questions

### Who controls investment decisions at Singapore Life now that Sumitomo acquired it?

Pearlyn Phau runs the firm as Group CEO on the ground in Singapore; Sumitomo Life's Tokyo headquarters sets the ultimate strategic asset allocation, but Singlife retains its own investment team for direct origination in Southeast Asian real estate, private credit, and infrastructure. The exact delegation lines between Singapore and Tokyo post-acquisition have not been publicly detailed.

### What does Singlife's general account actually hold?

Confirmed holdings include the Marina One East Tower office at 7 Straits View and the SGX Centre II headquarters at 4 Shenton Way. Singlife also runs a physical gold-backed ILP and the Singlife Account, a digital savings-and-protection hybrid. The remainder of the general account includes fixed-income instruments supporting its insurance liabilities, though the firm does not publish a full portfolio breakdown.

### What happened to the Aviva Singapore assets that Singlife absorbed?

Aviva Singapore merged into Singlife in 2020, bringing roughly S$6.6 billion in assets and Aviva's legacy policy book. That merger gave Singlife the scale to become one of Singapore's largest homegrown insurers. When Sumitomo acquired the combined entity in 2024, Aviva had already exited its stake, with TPG Capital among the selling shareholders.

## Related profiles

- [Simkins Industries](https://altss.com/profile/simkins-industries-inc)
- [SK](https://altss.com/profile/sk)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/singapore-life

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