AIA

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.

AIA takes lead to help start-ups build 'wearable tech' businesses in Hong Kong

Simon Squibb, founder and chief executive of Nest.

AIA Group, the largest insurer in Hong Kong, and business incubator Nest teamed up last month to launch an ambitious accelerator programme dedicated to entrepreneurs and start-ups focused on health-care-related wearable technology.

Thursday, 7 May, 2015, 3:28pm

AIA’s third quarter new business up 23pc to record US$468m

Mark Tucker said AIA was benefiting from substantial growth in disposable incomes across Asia. Photo: Thomas Yau

7 May 2015 - 3:28pm

Citibank bancassurance deal expected to add to strong sales growth for AIA

Mark Tucker says AIA will expand its business mainly through organic growth, though he will not rule out acquisitions. Photo: Thomas Yau

AIA, the second-largest Asian insurer by market value, expects to expand its business this year by way of organic growth and through its new regional bancassurance deal with Citibank, chief executive Mark Tucker said.

22 Feb 2014 - 4:52am

AIA shares rise to record high after strong results

AIA shares rise to record high after strong results

AIA, the second-largest Asia-based insurer by market value, saw its shares rise to a record in Hong Kong yesterday after its value of new business climbed a stronger-than-expected 26 per cent in the third quarter.

19 Oct 2013 - 3:13am

AIA beats forecasts with 34pc gain

AIA chief executive Mark Tucker, in his Central office, will consider further acquisitions when the opportunities arise. Photo: May Tse

AIA, one of the largest providers of life insurance and pension funds in Asia, reported a higher-than-expected 34 per cent rise in net profit to US$1.93 billion in the six months to May 31. The gains were driven by sales growth and acquisitions.

27 Jul 2013 - 5:00am

Police arrest fifth person in HKMEx scandal

Evidence has been seized from HKMEx. Photo: Thomas Yau

The latest development came as Barry Cheung resigned from his positions in major businesses - as a board member of Russian aluminium producer United Co Rusal and as an independent non-executive director of AIA Group Limited.

7 May 2015 - 3:28pm

AIA's long-term assurance

Mark Tucker says AIA 'was set up in Asia and grew up in Asia. We are a pure Asian insurance company'. Photo: May Tse

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.

13 May 2013 - 3:31am

AIA profit rises 89pc to beat market target

AIA's sales rose as it expanded in Southeast Asia. Photo: Reuters

AIA Group's net income rose to US$3 billion, or 25.1 US cents a share, in the year to November from US$1.6 billion, or 13.3 US cents a share, a year earlier, the company said in a statement to the stock exchange yesterday. The figure beat the US$2.7 billion average estimate of 12 analysts.

7 May 2015 - 3:28pm

Slow week for trades as reporting season approaches

Mark Tucker. Photo: May Tse

Insider deals remained low last week, with just 28 transactions worth HK$5.5 million based on filings made to the stock exchange for the period February 18 to 22. The figures were not far off the previous week's 2-day totals of 13 trades worth HK$5.1 million.

7 May 2015 - 3:28pm

AIA shares fall on AIG stake sale

AIA shares fall on AIG stake sale

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.

19 Dec 2012 - 2:37am

AIG to offload remaining stake in AIA for US$6.5b

American International Group has operated life insurance and pension businesses through AIA for more than 90 years. Photo: Bloomberg

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 association with the Asian insurer.

18 Dec 2012 - 3:51am

Business Digest, December 7, 2012

Carmakers report stronger sales

3 directors from HKEx join reduced LME board

7 Dec 2012 - 3:23am

Stock Watch: life insurance

Upwardly mobile: markets think AIA is worth about 46 times the value of a year of new business. Photo: Bloomberg

Many of us have bought life insurance, but what about buying shares in life insurance companies?

The industry is a black hole to investors who struggle to see how such companies create value and make money.

3 Dec 2012 - 4:26am

Hang Lung Properties sells Stanhope House to AIA for HK$2.4b

AIA Central Building. Photo: Bloomberg

Insurance giant AIA Group is buying Stanhope House in Quarry Bay from Hang Lung Properties for HK$2.4 billion.

With a floor area of 299,615 square feet, the price tag translates into HK$8,003 per square foot.

AIA would use the premises for its "own office usage and investment purposes", the company said in a statement.

7 May 2015 - 3:28pm

ING Group sells Hong Kong, Macau, Thai insurance units to Richard Li

Pacific Century Group boss Richard Li said the US$2.14 billion purchase of ING’s Hong Kong, Macau and Thailand insurance businesses was in line with the group’s long-term strategy. Photo: AFP

ING Group said it has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Richard Li Tzar-kai’s Pacific Century Group (PCG) for HK$16.59 billion.

5 May 2015 - 12:02pm

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