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 says has approval to open representative office in Myanmar

27 Feb 2013

AIA Group, Asia’s third-biggest insurer, said on Wednesday that it was planning to open a representative office in Myanmar, as part of a strategy of targeting demand in fast-growing Southeast...

AIA shares fall on AIG stake sale

19 Dec 2012

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.

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

18 Dec 2012

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...

Business Digest, December 7, 2012

7 Dec 2012

3 directors from HKEx join reduced LME board

Stock Watch: life insurance

3 Dec 2012

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...

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

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.

Richard Li close to a deal on ING's insurance units

ING Group, under European Union orders to divest assets, is near an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li Tzar-kai, three people familiar with the matter...

Business Digest, October 11, 2012

Reit launching IPO in yuan and S$

DISPOSALS

AIA shares rise strongly after AIG sells stake in HK unit

AIA Group shares rose the most in 11 months yesterday. The stock also topped the turnover list.

INSURANCE

AIG raises US$2b from AIA stake sale

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...

New business drives up AIA earnings 10pc

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.