After public outcry and a government intervention, the Allianz-Income deal is off and the local insurance company is back at square one, says NUS Business School’s Lawrence Loh. SINGAPORE: With Allianz out of the picture, Income Insurance is now back to the drawing board . German insurance multinational Allianz withdrew its S$2.2 billion (US$1.6 billion) bid to acquire 51 per cent of Income on Dec 16, ending a five-month contentious saga that saw public backlash and the Singapore government