Income Insurance shareholders gain exit route via AltaX

Phillip Securities will handle share sales under the revived liquidity arrangement.

AltaX and Phillip Securities have relaunched the Liquidity Program for Income Insurance shares, offering accredited investors a structured way to buy and sell shares in Singapore-based insurer Income Insurance Limited.

The programme, first launched in January 2024, is aimed at eligible accredited shareholders of Income Insurance, which remains privately held and is not listed on any public exchange. 

It provides an option for shareholders seeking to liquidate their holdings through a regulated secondary market.

Under the programme, Income Insurance shareholders can sell their shares through Phillip Securities, a subsidiary of PhillipCapital and a member firm of AltaX. 

The shares will be available for trading on AltaX's private exchange platform by eligible institutional and accredited investors.

AltaX, which is licensed by the Monetary Authority of Singapore (MAS), enables accredited investors' shares to be tokenised and traded on its platform. 

The companies said the arrangement combines Phillip Securities's investor network with AltaX's digital trading infrastructure to support a more streamlined transaction process and broaden participation in the market.

The programme is operated independently by AltaX and Phillip Securities. The companies said no joint venture, partnership or agency relationship exists between Income Insurance and either AltaX or Phillip Securities.

The 2026 relaunch forms part of AltaX's broader strategy to expand access to alternative assets through digital market infrastructure and support the development of private-market trading in Southeast Asia.