Lyndon-Stanford Joins Miller’s Facultative Reinsurance Team
UK-based specialist independent insurance and reinsurance broker Miller announced further expansion of its facultative reinsurance team with the appointment of James Lyndon-Stanford. He is a specialist in the facultative reinsurance of power generation and distribution risks. He will be based …
ACE to Acquire New York Life’s Operations in Hong Kong and Korea
ACE Limited announced that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash. ACE said the deal would expand its life insurance business “into two …
Forecast AIA Shares Set to Rise by 11% on Debut after Record IPO
AIA Group Ltd is expected to post a double-digit gain in its trading debut on Friday as investors scramble for a slice of one of Asia’s most recognized life insurance brands after its record Hong Kong IPO. AIA’s wide Asian …
AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range
AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of …
Southern China Braces for Super Typhoon Megi
Residents scrambled to stockpile food and authorities ordered ships to remain docked as southern China geared up Wednesday for a super typhoon after it killed 15 people and wiped out crops in the northern Philippines. Super Typhoon Megi lost power …
Zurich Makes Senior General Insurance Sector Executive Appointments
Zurich Financial Services Group announced key appointments within its General Insurance (GI) segment, which, it said, were “related to the ongoing review of the GI business, which is part of a Group-wide initiative to clarify accountability, focus on responsibility and …
Fund Orders for AIA IPO to Close Early on Strong Demand
American International Group Inc is set to close the institutional book for the $15 billion AIA Group IPO two days ahead of plan, amid signs the IPO has been swamped by orders from traditional funds and high-profile Chinese investors. A …
Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn
The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s second-largest float this year. Bailed out insurer …
AIA IPO Seeks up to $14.9 Bn
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 plans to raise …
