AIG
AIG unit bid defended by Hong Kong group
Hong Kong-based Primus Financial Holdings on Wednesday defended its bid to buy the Taiwan unit of ailing US insurance giant American International Group.
The move...
Taiwan rejects Hong Kong group’s bid for AIG unit
Taiwanese authorities on Tuesday rejected a Hong Kong consortium's bid to buy ailing US insurance giant American International Group's Taiwan unit Nan Shan Life.
The...
Chinese investors may not proceed with bid for AIA shares
China Life and two other Chinese investors have withdrawn from bidding for stakes in American International Group's Asian unit ahead of its planned initial...
AIG approaches big investors to take stakes in AIA
AIG has approached some of the world's biggest investors over the sale of a significant stake in AIA, the US insurer's Asian unit, drawing...
Insurer AIG sells consumer credit affiliate
Ailing US insurance giant AIG announced on Wednesday the sale of 80 percent of its stake in consumer credit provider American General Finance to...
AIG reports 2.66-billion-dollar quarterly loss
Ailing US insurance giant AIG on Friday said it swung to a 2.66-billion-dollar loss in the second quarter, hurt mostly by the impending sale...
AIG names Mark Tucker, ex-Prudential head to run AIA
US insurer AIG has confirmed it is replacing the head of its Asian unit AIA before listing the company in Hong Kong with a...
Justice : AIG to pay 725 million dollars to settle US fraud lawsuit
US insurance giant AIG has agreed to pay 725 million dollars to settle allegations of market fraud brought by three Ohio pension funds, the...
AIG names Steve Miller chairman, Golub Harvey resigns
American International Group Inc named director Robert "Steve" Miller as its new chairman, after Harvey Golub resigned amid tensions with Chief Executive Robert Benmosche.
Benmosche...
AIG: Chinese consortiums eye AIA takeover
At least four consortiums made up of private Chinese investors have approached US insurance giant AIG to acquire its Asian unit AIA, a Hong...
AIG, China Strategic Holdings extend deadline for unit deal
US insurance giant American International Group (AIG) and a Hong Kong consortium said Monday they had agreed to extend the deadline for a deal...
AXA UK : The deal with Resolution would result in a one-off writedown of 1.4 billion euros ($1.7 billion) in 2010,
Resolution, set up in 2008 to buy and profitably merge slow-growing British life insurers, said on Monday it hoped to complete the 2.75 billion...
Prudential’s Thiam vows to regain trust after AIA failure
Under-fire Prudential chief executive Tidjane Thiam apologised to shareholders on Monday for the failed takeover of US insurance giant AIG's Asian unit AIA and...
Prudential chief faces shareholders after failed takeover
Prudential chief executive Tidjane Thiam will face the British insurance giant's shareholders Monday amid calls for his resignation over a failed takeover of AIG's...
Prudential dismisses speculation about resurrecting AIA deal
British insurer Prudential on Sunday said it would not resurrect its failed bid for US insurer AIG's Asian unit, calling speculation about reviving the...
Italy’s Generali could be interested in AIA ‘pieces’: report
Italian insurer Generali could be interested in "pieces" of AIG's Asian unit AIA after British insurer Prudential abandoned its ambitious takeover plan, daily Corriere...
Prudential chairman says no heads will roll over AIA
Prudential chairman Harvey McGrath said in an interview on Friday that no heads would roll at the British insurer after it abandoned an ambitious...
Prudential pulls out of bid for Asian insurer AIA
British insurer Prudential said Wednesday it was withdrawing from a bid to buy AIA, the Asian arm of AIG, after the US group refused...
AIG refuses to change conditions of AIA sale to Prudential
US insurer AIG said Tuesday it had refused to modify the conditions for the sale of its AIA Asian unit to British rival Prudential,...
Prudential chairman defends AIA mega-deal
Prudential chairman Harvey McGrath Tuesday defended a planned takeover of Asian insurer AIA as the British company's shares started trading in Hong Kong and...
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