AIA, the world's fifth-largest insurer, is undeterred by volatile investment markets and low interest rates in its push for further expansion in the region.
Formerly part of the American International Group (AIG), which required a US government bailout at the height of the global financial crisis in 2008, Hong Kong-based American International Assurance (AIA) separated from the group in 2009. A plan for UK-based Prudential to buy AIA for US$35.5 billion fell through, and AIA held an initial public offering in Hong Kong in 2010, raising US$20.5 billion.
Shares of AIA declined yesterday after American International Group (AIG) priced the sale of its remaining stake in the Hong Kong-listed insurer near the top end of the indicative range.
American International Group (AIG) plans to sell its remaining stake in Hong Kong-listed insurer AIA to raise up to US$6.5 billion, marking the end of the US financial group's almost century-old...
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AIA Group shares rose the most in 11 months yesterday. The stock also topped the turnover list.
American International Group (AIG), the bailed-out US insurer, is raising as much as US$2 billion selling a stake in Hong Kong-based AIA as chief executive Robert Benmosche accumulates funds to...
AIA Group has posted a higher-than-expected 10 per cent increase in first-half profit, powered by strong new business growth across Asia except South Korea.
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