Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
Insurance Job Advertisements
Thursday, 26 February 2009
Bid for AIA closes on Friday
The 1st round of bidding for AIG's business in Asia closes this Friday. Apparently there are 3 parties that are interested: Temasek, Manulife and Prudential. Bank of China and HSBC have apparently dropped out. It was reported that Prudential may not be able to meet the Friday deadline.AIG has also changed their mind and would now consider selling more than 49% of its stake in AIA, effectively surrendering the control to the successful bidder.
The whole stake of AIA is valued at US$20-30 bil.
Source: CNN Money, Reuters, The Star
Labels: AIA/AIG, Manulife, Merger, Prudential
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- Teras Malaysia Extra
- How is the actuarial job market in Malaysia?
- Has Prudential overtaken Great Eastern?
- Prudential disposes Taiwan's business
- PacificMas ceases negotiations with Usaha Tegas
- Insurer and reinsurer post losses
- RBS Smart Save
- Multi-Purpose teams up with Tune Money
- Shortlisted bidders for Philamlife
- Great Eastern's Profit Halved
Subscribe to
Posts [Atom]
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home