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Fortune
Fortune
Lionel Lim

A failed takeover bid by Global 500 insurer Allianz is now a political hot potato in Singapore’s election

(Credit: Alexander Pohl—NurPhoto via Getty Images)

Around 2.75 million Singaporeans are eligible to vote in the Southeast Asian country’s general election on May 3, and choose a prime minister to lead the city for the next half decade.

And in the nine days of the election campaigning, one of the world’s shortest, a failed deal between Allianz, the Global 500 insurance giant, and local insurer Income Insurance from last year is getting dragged back into the spotlight.

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