AIG, PICC Group ink JV to sell life insurance in China
HONG KONG (Reuters) - American International Group (AIG) said on Thursday it has signed an accord with Chinese state-owned insurer PICC Group to sell life insurance in the world's second largest economy after committing $500 million to PICC's planned Hong Kong initial public offering.
AIA shares slide after $6 billion AIG selldown
HONG KONG (Reuters) - Shares in AIA Group Ltd had their second-biggest one-day percentage fall on Tuesday after its former parent, American International Group (AIG)), raised about $6 billion by selling shares at the bottom end of the marketing range.
