According to a report from Reuters News Agency, AIG representatives are in talks with officials of Egypt’s Pharonic Insurance to acquire up to a 90 percent stake in the privately owned company. An announcement by the Chairman is expected on Tuesday. So far AIG has made no comment on the report.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance 
Married Massachusetts Insurance Brokers Plead Guilty to Defrauding Clients of $750K 
