Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
Hong Kong Hits AIA With Record Fine for Anti-Money Laundering Lapses
Aug 2 2024 // AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money laundering oversight, as the city’s regulators steps up scrutiny of the industry. An on-site...
People Moves: Ascot Underwriting Names Thompson as CEO, Keith Named Head of Ascot Bermuda; Geneva Assn. Appoints AIA’s Top Executive as Chair
Jun 7 2024 // This edition of International People Moves details appointments at Ascot Underwriting Ltd. and Ascot Bermuda, along with The Geneva Association. A summary of these new hires follows here. Ascot Group Ltd., the...
Hong Kong Insurer AIA in Talks to Buy Philippine’s MediCard: Sources
Sep 22 2022 // AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the insurance giant seeks to boost its presence in Southeast Asia. AIA and MediCard are finalizing the...
AIA Weighs Purchase of Billion-Dollar Shanghai Tower as Its Expands Business in China
Aug 8 2022 // Insurance giant AIA Group Ltd. is in talks to purchase an office at a prime location in Shanghai as it expands business in China, according to people familiar with the matter. The Hong Kong-based insurer is considering...
AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M
Mar 7 2022 // Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services businesses to a unit of AIA Group Ltd. for an aggregate HK$2.168 billion ($278 million). BEA agreed to sell...
National African American Insurance Association Charters 3 New Chapters
Dec 21 2021 // The National African American Insurance Association (NAAIA) announced the chartering of three new chapters: Arkansas, Colorado and Los Angeles. The three new chapters join these 18 existing and pending chapters: Atlanta,...
Hong Kong’s AIA Group Sells Nearly $10 Billion of Coal Investments
Dec 7 2021 // AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. The insurer completed the entire sale of...
AIA Expands to Florida Workers’ Comp Market
Oct 11 2021 // While some property and casualty insurers have pulled out of the troubled Florida market, Associated Insurance Administrators sees strong potential in the workers’ compensation and commercial specialty sectors. AIA,...
AIA Group to Buy Life Insurance Business of Bank of East Asia
Mar 24 2021 // Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of East Asia (BEA) and has signed a 15-year distribution partnership with the lender for a total of about...
AIA of Alabama Reorganizes, Appoints Albrecht as President
Mar 4 2021 // Associated Insurance Administrators (AIA), based in Montgomery, Ala., has appointed Patrick Albrecht as president. The appointment of Albrecht is part of the company’s reorganization to bring the authorities and...
AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets
Nov 25 2020 // AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in...
Equity Volatility Is Most Significant Risk for Investors: AIA Group CIO
Sep 30 2020 // Heightened equity market volatility extending beyond the U.S. presidential election is the most significant risk for investors, AIA Group’s chief investment officer said on Tuesday. Mark Konyn, group CIO at the...
Pandemic Hits Insurer AIA Group’s New Business in Hong Kong, China
Aug 20 2020 // Hong Kong-based insurer AIA Group Ltd. on Thursday reported a 37% fall in new business for the first half of the year, as the COVID-19 pandemic dented sales of its insurance products in its main markets of Hong Kong and...
Hong Kong Insurers Say Sales Have Fallen to ‘Almost Nothing’ Due to Coronavirus
Feb 6 2020 // For Hong Kong insurers, the coronavirus outbreak is a second blow. Already reeling from at-times violent demonstrations that slowed the flood of Chinese travelers — one of the biggest sources of new policyholders...
New Business Up 20% at Insurer AIA on Hong Kong, China Sales
Aug 23 2019 // Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value,...
P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1
Dec 27 2018 // Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019. The combined organization is set to have a new name, the...
Two P/C Insurance Trade Groups — AIA and PCI — Plan to Merge
Jun 20 2018 // Two leading U.S. property/casualty insurance carrier trade groups are talking about merging. The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) said their respective...
China Growth Helps Raise AIA Q1 New Business Value
May 4 2018 // AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in the first quarter, as growth in China offset slowing Hong Kong sales. The measure of estimated...
AIA’s Chamberlain Joins HSBC Insurance as Global Head of Product and Actuarial
Apr 24 2018 // Alistair Chamberlain has joined HSBC Insurance as global head of Product and Actuarial. Chamberlain will lead the development and management of all products manufactured by HSBC, and oversee partner-sourced insurance...
Foreign Insurers Benefit as China Tightens Rules on Local Firms
Mar 21 2018 // When Zhang Xixi, a 25-year-old staffer at an online financial company in China’s southern province of Guangdong, decided last year to buy personal insurance for the first time, he was swamped with options. Local...
