Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
Prudential Deal Exit Raises Prospects for AIA IPO
Jun 2 2010 // UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced. The widely expected...
AIG Rejects Lower Prudential Offer for AIA; Deal in Jeopardy
Jun 1 2010 // American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry’s largest...
UK’s Prudential Confirms AIA Deal Still On
May 28 2010 // The UK’s Prudential on Thursday denied market talk that it had pulled its $35.5 billion bid for U.S. rival AIG’s Asian unit, after rumors the deal was off boosted Pru’s shares as well as the pound....
Pru In Talks to Lower Price for AIG’s Asian Unit, AIA
May 28 2010 // Prudential has entered talks to cut its $35.5 billion offer for for AIG’s Asian life insurance arm, in a last-ditch bid to salvage a deal criticised by shareholders as too expensive. Prudential chief executive...
More Analysts Warn on Prudential’s $35.5 Billion Deal for AIA
May 27 2010 // A chorus of opposition is growing against Prudential Plc’s bold $35.5 billion takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of...
Report: AIG to Revisit Float Plan if Prudential AIA Bid Fails
May 24 2010 // The U.S. Treasury is re-looking at plans to float the Asian unit of AIG in case a bid by Prudential to buy life insurer AIA fails, two British newspapers reported on Sunday. Prudential boss Tidjane Thiam has been...
Report: UK’s Prudential to Outline Asia Asset Sales to Fund AIA Buy
May 14 2010 // The UK’s Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source...
AIG Sale of Asian Unit AIA to Prudential Hits Snag
Apr 28 2010 // Prudential is facing the makings of a shareholder revolt over its $35.5 billion deal to buy AIA, raising the prospect the deal could fail and adding to pressure for a breakup of the British insurer...
Rivalry Haunts Prudential/AIA Integration
Apr 26 2010 // British insurer Prudential will try to reassure investors it can seamlessly absorb the Asian arm of AIG next week when it publishes the prospectus for a record $21 billion cash call to fund the takeover. With shareholders...
UK’s Prudential Under No Pressure to Cut Price for AIG’s Asian Unit
Apr 19 2010 // UK insurer Prudential Plc is under no pressure from its shareholders to cut the $35.5 billion price it’s paying for AIG’s Asian life insurance unit, the group’s Asia CEO said. “At the very...
Insurers’ Group Comments on End of Sessions in Maine, Maryland
Apr 15 2010 // The American Insurance Association (AIA) says the P/C industry made some positive legislative steps in Maine and Maryland this year, although the trade group says it was disappointed with a Maryland law that will raise the...
Tower Australia Eyes AIA Insurance
Apr 8 2010 // Tower Australia Ltd will be interested in buying the “well-run” Australian business of AIA if it comes up for sale, as it moves into the fast-growing group insurance sector, Tower’s chief executive said...
AIG Expects to Repay Government Before 2013, Says CEO
Apr 2 2010 // American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit...
Texas African-American Insurance Association Experiencing Many ‘Firsts’
Apr 2 2010 // Officially chartered in 2009, the Texas chapter of a national association of African-American insurance professionals has an ambitious goal of becoming the one of the premier insurance associations in the Dallas-Fort Worth...
South Dakota Governor Vetoes Insurance Bill
Mar 26 2010 // South Dakota Governor Mike Rounds has vetoed legislation that would have prohibited insurers from recovering funds from liable parties and would have unfairly and unnecessarily increased insurance costs for South Dakotans...
Report AIA Senior Executives to Quit Before Prudential Takeover
Mar 25 2010 // Two senior executives from AIG’s Asian operations plan to quit before Prudential’s planned $35.5 billion takeover, according to a source familiar with the matter. Chief Financial Officer Steve Roder and Chief...
Insurer Group Says Push to Abolish Louisiana Citizens Is Misguided
Mar 19 2010 // A representative from the insurer trade group, the American Insurance Association (AIA), testified before a Louisiana legislative panel that efforts to abolish Louisiana Citizens Property Insurance Corporation (Citizens)...
Ratings Recap: GIC India, Top Layer Re, AIA (Australia), PartnerRe (notes)
Mar 15 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of General Insurance Corporation of India (GIC), both with stable outlooks. The ratings...
Aviva Exec Says Prudential/AIA Deal Creates Opportunities for Rivals
Mar 8 2010 // The proposed $35.5 billion takeover of AIA by Prudential Plc will offer opportunities for rival insurers to increase their market share in Asia, a top official at British insurer Aviva Plc said. “For competitors it...
Ping An Sees No Impact on China Insurance from Prudential/AIG Deal
Mar 5 2010 // Ping An Insurance, China’s No. 2 insurer, said on Friday it was not concerned about a plan by Britain’s Prudential to buy the Asia assets of U.S. insurer AIG, the market leader among foreign insurers in...
