American International Group

AIG seen pursuing IPO for jet lessor ILFC as China deal stalls

AIG seen pursuing IPO for jet lessor ILFC.

American International Group is increasingly likely to pursue an initial public offering for its plane-leasing business after a deal with Chinese investors stalled, according to analysts who follow the insurer.

Friday, 2 August, 2013, 5:18am

Business Digest, January 14, 2013

Jamie Dimon

NVC's former chief is back in the saddle

14 Jan 2013 - 3:01am

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

New China Life joins ICBC to deny plan to join US$4.2b AIG deal

A Chinese aviation exhibition proves a more comfortable affair than the industry's latest billion-dollar deal. Photo: Reuters

New China Life Insurance yesterday became the second company to distance itself from a US$4.23 billion deal billed as the largest Chinese acquisition of an American company.

It denied agreeing to join the consortium involved in the purchase of aircraft leasing company International Lease Finance Corporation (ILFC) from American International Group (AIG).

15 Dec 2012 - 4:15am

New China Trust Co in largest acquisition of US company

American International Group is selling its stake in ILFC to raise cash to help repay US bailout money. Photo: Reuters

In the largest Chinese acquisition of an American company, a mainland consortium has offered to buy most of the world's biggest aircraft leasing company, International Lease Finance Corporation (ILFC). ILFC's parent, American International Group (AIG), is selling its stake to raise cash to repay US bailout money.

11 Dec 2012 - 3:22am

Business Digest, December 8, 2012

HKMA sells HK$3.875b to weaken HK dollar

8 Dec 2012 - 3:49am

Who said it?

I represent transparency and light. Everyone knows me. The [Muslim] Brotherhood represents darkness and secrets

Egyptian presidential candidate Ahmed Shafiq

I cannot see any potential candidate from our camp who thinks like a leader of a government

Pan-democrat lawmaker Ronny Tong Ka-wah

5 Jun 2012 - 12:00am

AIA profits jump on policy sales

Profits at AIA Group, the largest life insurer in Asia and Hong Kong, rose 24 per cent in the first half as a result of strong growth on the mainland, Thailand and Singapore.

The insurer reported net profits of US$1.31 billion for the six months to the end of May, with the gains mainly driven by a 32 per cent increase in the number of policies sold to US$399 million.

30 Jul 2011 - 12:00am

Taking stock of bonuses

High-level cash bonuses, who gets them and how much they are worth, has been a sensitive subject since the 2008 global financial crisis.

Reams have been written on the need to review how frontline staff of major financial institutions are paid high levels of variable compensation as a major contributing factor in their overall earning structure.

20 Jun 2011 - 12:00am

Chartis maps new course away from its troubled parent AIG

The profile of bailed-out American International Group has been lowered even further in Hong Kong with the renaming of the United States giant's general insurance arm.

AIU Holdings, one of the largest general insurance companies in the city, has changed its name to Chartis as part of efforts to distance itself from the troubled parent.

8 Dec 2009 - 12:00am


Roderick Shay

Regional director, bancassurance

AXA Asia Life

16 Nov 2009 - 12:00am

AIG bonuses reveal human greed

The financial crisis has brought down many companies and thousands of people are losing their jobs every month.

The US government spent a lot of money to save some companies from collapse. One such beneficiary was the American International Group (AIG) which has received huge amounts of government financial aid.

24 Mar 2009 - 12:00am

Samples of my hate mail on the topic of bonuses

When the president of the United States takes an interest in whether or not you get a bonus, you might think twice about insisting on full compliance with the terms of your contract.

22 Mar 2009 - 12:00am

AIG may need some time to sell assets due to crisis, says Liddy

American International Group, the giant insurer seeking to sell assets to repay a US$152 billion government bailout package, may face delays because of the global crisis and the time needed to negotiate with investors and local regulators, its chief executive said.

12 Dec 2008 - 12:00am