ALICO
Middle East Insurance industry eyes 17pc growth
The Middle East life insurance industry is looking for a growth of around 17 per cent this year after a slowdown in 2009.
"The industry...
AIG / Asia : AIA says IPO raised 20.5 billion US dollars
The Asian unit of troubled US insurer AIG has raised 20.5 billion US dollars in a Hong Kong share sale that was the world's...
AIG to repay 36.7 billion dollars of US bailout
Ailing insurer AIG is poised to repay 36.7 billion dollars in government bailout aid after floating its Asian unit AIA and selling another subsidiary,...
Transaction : AIG raises $37 billion from Alico sale, IPO
In its ongoing efforts to repay taxpayers, bailed-out insurance giant American International Group in recent days has raised nearly $37 billion through the sale...
Prudential and MetLife set to buy AIG units in Japan
Prudential Financial Inc. and MetLife Inc., insurers that have competed for U.S. sales for more than a century, are extending their rivalry in Japan...
AIG : U.S. Treasury Department working on AIG exit strategy
Treasury Department officials finalise their plan to render AIG financially independent after the massive taxpayer investment. The core piece of that strategy would be...
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...
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...
Equity swap allows AIG to cut 25 billion dollars in Fed debt
Bailed-out US insurance giant AIG said Tuesday it had agreed to provide an equity stake in two subsidiaries to the Federal Reserve in a...
AIG says asset transfer cuts debt by $25 billion
Nationalized US insurance giant AIG said Tuesday it had cut its debt to the Federal Reserve Bank of New York by 25 billion dollars...
AIG to accelerate separation of ALICO
American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Company (ALICO) as an independent entity and seek...
