Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
Calif. Iranian Investment Regs Ruled Improper
Oct 12 2010 // The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance...
Stuckey Insurance Receives AIA Arizona Award
Oct 8 2010 // The Arizona component of The American Institute of Architects (AIA Arizona) has awarded Stuckey Insurance as the 2010 recipient of the Affiliate Award. AIA Arizona promotes the architectural profession through the strength...
AIA IPO Seeks up to $14.9 Bn
Oct 5 2010 // American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday. The Hong Kong-based company...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
AIA Begins Premarketing for IPO; More Details Released
Sep 27 2010 // American International Group Inc will be required to hold a 30 percent stake in its Asian life insurance business, AIA Group Ltd, for a year after AIA’s listing next month, the term sheet showed on...
Sources Report AIG Secures Approval to List AIA on Hong Kong Exchange
Sep 21 2010 // American International Group Inc inched closer in its ambitious plan to list its Asian life insurance business, AIA Group Ltd, after securing approval from the Hong Kong stock exchange, sources with direct knowledge of the...
China’s Largest Bank to Sell AIG Life Insurance Products at Branches
Sep 10 2010 // Industrial and Commercial Bank of China Ltd (ICBC) and soon-to-be listed AIA Group Ltd have signed an agreement under which ICBC will sell AIA’s life insurance products at its branches, the two companies said on...
Report AIG Files Application to List AIA on Hong Kong Exchange
Sep 3 2010 // American International Group Inc filed an application with the Hong Kong Stock Exchange to list its Asian life insurance unit, AIA Group Ltd, a source familiar with the matter told Reuters Thursday. The application brings...
Report AIG Decides against Strategic Investor for AIA
Aug 27 2010 // American International Group has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the process said on Friday. About four...
Report AIG to Decide on AIA Pre-IPO Sale by Next Week
Aug 25 2010 // American International Group is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA, sources familiar with the process told Reuters...
Report China Consortium Planning to Bid for 30% of AIA
Aug 16 2010 // A consortium of leading Chinese companies including Industrial and Commercial Bank of China Ltd, China Life Insurance Co Ltd, plans to bid for a 30 percent stake in American Insurance Group Ltd’s Asian life insurance...
UK’s Prudential Trims Cost of Botched AIA Deal
Aug 12 2010 // Insurer Prudential said its failed bid for AIG’s Asian unit will cost less than first expected, and confirmed that the bungled takeover attempt has killed its appetite for big M&A deals. The bid for Hong...
AIG Posts Q2 Loss; Chartis Insurance Stable Despite Flood, Oil Spill Claims
Aug 6 2010 // American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion...
Ex-Prudential (UK) CEO Tucker Named to Head AIA before IPO
Jul 19 2010 // Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock...
AIG Names Miller Chairman, Following Golub’s Resignation
Jul 15 2010 // American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the...
House May Vote on Federal Flood Insurance Extension Today
Jul 15 2010 // Insurers are urging the House of Representatives to pass legislation today that would extend the National Flood Insurance Program (NFIP) for five years. The measure, HR 5114, the “Flood Insurance Reform and...
AIG Board to Consider AIA’s Future; IPO Seen Most Likely Option
Jul 13 2010 // The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA,...
AIG CEO, Chairman At Odds Over Failed Sale of Asian Life Unit
Jul 2 2010 // American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar...
AIG’s Shares Boosted by AIA Optimism
Jun 15 2010 // Shares of American International Group Inc rose 6 percent Monday, and one analyst said the stock may be getting a boost from optimism the bailed-out insurer would be able to monetize its Asian life unit and pay back...
AIG CEO Benmosche Looks Safe Despite AIA Deal Failure
Jun 3 2010 // When large deals fail, heads often roll. In the case of Prudential Plc’s failed attempt to buy American International Group Inc.’s Asian life insurance unit for $35.5 billion, the British insurer’s...
