Board meets Wednesday for China sale or Hong Kong IPO
AIG’s board is expected to decide on Wednesday to sell or float its AIA Asian life unit after the failed bid from Prudential, Reuters reports.
The South China Morning Post reported that four Chinese groups approached AIG and the US Treasury Department after Prudential withdrew its $35.5bn bid for AIA in June after trying unsuccessfully to renegotiate the price.
Chances of an AIA IPO have been bolstered after strong institutional demand for Agricultural Bank of China.
The South China Morning Post said one potential buyer is led by Shan Weijian, chairman of the Pacific Alliance Group, who also formerly worked at Newbridge, the Asia unit of US private equity firm TPG.
Websites
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
