Japan’s Fuji Fire & Marine has agreed with a Japanese subsidiary of American International Group to align in the non-life insurance field. The move could strengthen Fuji’s product development and marketing in Japan’s fiercely competitive insurance market.
Fuji plans to allot 10.3 million shares through a third-party stock allocation to the AIG unit, and will buy roughly the same amount of AIG shares.
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
Climate Change Keeps Adding to List of Uninsurable Assets, Allianz Executive Says 
