First-round bids for American International Group Inc’s (AIG) Taiwan unit Nan Shan Life are likely shortly after due diligence ends in early December, a source close to the process said on Monday, restarting the bailed-out insurer’s much delayed sale of …
Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s bailout, the Treasury Department …
Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement gave the following details for each of …
Intended buyers of insurer American International Group’s Taiwan unit have ended their purchase agreement after Taiwan’s regulators opposed the deal [See IJ web site – . https://www.insurancejournal.com/news/international/2010/09/02/112961.htm ]. China Strategic Holdings said in a statement late on Monday that it …
Catastrophe risk modeling firm AIR Worldwide reports that Typhoon Fanapi made landfall on the east coast of Taiwan on Sunday morning, September 19 (0:00 UTC). The storm, which had been a Category 3 typhoon for several days, weakened slightly just …
American International Group Inc is leaning towards a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks who have expressed interest. Hong Kong-listed China Strategic Holdings Ltd …
The buyers of American International Group Inc’s Taiwan unit will be constructive as they seek to pursue the $2.2 billion bid even after Taiwan’s regulators rejected it, a top executive said on Thursday. Robert Morse, chief executive of Hong Kong …
Taiwan financial holding firm Fubon Financial would consider buying American International Group Inc’s Taiwan insurance unit if it was put back on sale, Fubon’s president said on Wednesday. Speaking at an industry conference, Victor Kung said that the bank would …
China Strategic Holdings Ltd. will decide whether to appeal a decision by Taiwan’s regulators to block its planned purchase of American International Group Inc’s Taiwan unit. In a statement on Wednesday, China Strategic said it was disappointed by the decision, …
