Entries tagged "AIA"
AIG CEO Benmosche has put on his poker face and is putting a halt on sales of assets that aren't bringing in the expected bidding prices.
American International Assurance and American Life Insurance will be put in special purpose vehicles and spun out.
American International Group has chosen Deutsche Bank and Morgan Stanley to take American International Assurance public.
American International Group is apparently hitting the gas pedal on its plans to take its Asian life insurance unit, American International Assurance, public.
With little enthusiasm about the sale of its Asian life insurance unit, AIA, the insurer is considering calling the auction off.
Bank of China Ltd. isn't bidding for American International Assurance, but it was the preferred bidder heading into the process, according to reports by Dow Jones and the Financial Times.
