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.
New York’s Mid-Hudson Insurance to Acquire Hanover Fire of Pennsylvania 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Gun Accessory Company to Pay $1.75 Million to Buffalo Supermarket Shooting Victims 
‘Structural Shift’ Occurring in California Surplus Lines 
