AIG Files for Hong Kong IPO of Asian Life Insurance Business: Report
Posted on September 3rd, 2010 by Life Insurance News
In a move that could significantly trim the enormous tab it owes the government, AIG has applied with the Hong Kong Stock Exchange to register its AIA life-insurance unit for an IPO, according to Reuters. The IPO could bring in something like $15 billion for the former Wall Street titan and current poster child of credit-crisis bailout. That money could then go toward paying down the $97 billion …
Filed under: Life Insurance News