AIA, the Asia life-insurance unit of AIG, has pointed out a few potential downside to its business as it gets ready to raise an estimated $15 billion in an initial public offering on the Hong Kong exchange.
The AIG subsidiary said that its failure to reach a deal with insurance firm Prudential to sell the Read More
In a move that inches AIG closer to its dream of once again joining the private sector, the mainly taxpayer-funded insurance giant is getting closer to slapping a price sticker on its AIA Asian life insurance business. The Wall Street Journal reports that an initial public offering of AIA could value the company Read More
AIG and the government have reached an accord that will pave the way to disentangle the enormous insurer from the U.S. taxpayer, AIG said today. If all goes well, the Treasury Department can begin selling its stake in AIG to the private sector by the first quarter of 2011.
As expected, the plan involves Read More
Bloomberg reports that a specific timetable is emerging for a Treasury exit from AIG, the insurer that nearly blew up in the fall 2008 but was systemically important and hence bailed out. Citing three people with knowledge of the talks, Bloomberg says Treasury could announce a plan to get taxpayer money out of AIG Read More
In a move that brings it yet closer to raising some of the capital it needs to pay back the huge amount of money it owes the U.S. taxpaper, humbled insurance firm AIG has inked a distribution deal with Industrial and Commercial Bank of China as it gets ready to stage an IPO for its Read More
In a move that could significantly trim the enormous tab it owes the government, AIG has applied with the Hong Kong Stock Exchange to register its AIA life-insurance unit for an IPO, according to Reuters.
The IPO could bring in something like $15 billion for the former Wall Street titan and current poster child Read More
