Generali and Axa tipped as buyers for ‘crown jewel’ AIG asset
AIG has moved a step closer to selling its Philippines unit after releasing a detailed information memorandum to potential buyers, The FT reports
The FT clamed Banco de Oro Unibank, the country's biggest bank, has joined Italy's Generali and Malaysia's Kuok Group to bid.
It also said Metropolitan Bank and Trust, the country's second-biggest lender, could form a consortium with Axa of France to make an offer.
AIG's Asian assets are regarded as the company's crown jewels and will account for a substantial part of the loan owing to the US taxpayer.
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.
