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The AIA Central (Chinese: 友邦金融中心), formerly called AIG Tower (美國國際集團大廈), in Hong Kong is a 185-metre (607 ft.), 37-storey skyscraper that was completed in 2005 and serves as the headquarters of AIA Group. [2] It is located in Central, not far from the landmark Bank of China Tower.
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. [12]
The tower rises 44 floors and 180 metres (591 ft) in height, [3] and stands as the 99th-tallest building in Hong Kong. The building was completed in 1999. [2] It was designed by P & T Architects & Engineers Ltd. and Andrew Lee King Fun & Associates, and was developed by Henderson Land Development. [3]
The Holdings of American International Group include the operating entities and subsidiaries of insurance conglomerate American International Group (AIG) that operates in over 130 countries. [1] The company's business consists of four core areas: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management.
Back in June, the board of American International Group (AIG) rejected a reduced bid by Prudential (PUK) for AIA, the Asian life insurance unit of the troubled U.S. company. Prudential's initial ...
AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout. AIG placed 7.03 billion ...
In September 2009, Richard Li of the Hong Kong–based Pacific Century Group (PCG) announced he would acquire AIG Investments from AIG for $500 million. [ 4 ] [ 5 ] [ 7 ] [ 10 ] In March 2010, the transaction was completed where Bridge Partners, a subsidiary of Pacific Century Group, acquired AIG Investments.
AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout.