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AIG's AIU Insurance unit has run a P&C insurance in the country since 1946, and is now the largest foreign nonlife insurer with 14,000 agents nationwide. [3] In retail auto and L&H space, AIG owns American Home and Fuji Fire and Marine Insurance company. [4] Since Jan 2018 AIU and FFM business units merged in AIG Sonpo.
Malaysia - IAG owns 49% of the general insurance arm of Malaysian-based AmBank Group, AmGeneral Holdings Berhad, which trades under the AmAssurance and Kurnia brands Vietnam - IAG owned 63.17% of AAA Assurance Corporation until 2018, when it sold its holding to Tokio Marine.
On 21 December 2012, AIG sold all of its 13.69% shareholding in AIA. [ 11 ] Since 2 June 2013, AIA has had an exclusive bancassurance agreement with Citibank that encompasses 11 AIA markets in Asia-Pacific, namely Hong Kong, mainland China, South Korea, Singapore, Thailand, Malaysia, Indonesia, the Philippines, Vietnam, Australia, and India.
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
The brand returned from Chartis to AIG, emphasizing its affiliation with the AIG Group. In April 2013, AIG reorganized AIG Japan Holdings Co., Ltd. as a holding company for its insurance business in Japan. It became a wholly owned subsidiary of AIG Japan Holdings. In January 2018, it was merged with AIU Sompo Insurance Co., Ltd. and dissolved.
In 2023, the company entered the Malaysian life insurance market through an investment in Gibraltar BSN Life Berhad, which was renamed FWD Insurance Berhad. Alongside other investors, FWD Group acquired a stake from The Prudential Insurance Company of America, a wholly owned subsidiary of the US-based, NYSE-listed Prudential Financial, Inc. (PFI).
Tata AIG General Insurance Company Limited is an Indian general insurance company and a joint venture between the Tata Group and American International Group (AIG). [3] Tata Group holds a 51 percent stake in the insurance venture with AIG holding the balance of 49 percent.
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