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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.
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. [5] As of 2023, AIG employed 25,200 people. [6]
A homeowners insurance policy is designed to provide you with financial protection from a variety of damage-causing events, also called perils.
The former Asia Insurance Building was designed by Singapore pioneer architect Ng Keng Siang, the first Singaporean to become a member of the Royal Institute of British Architects. [18] Professionally, Ng was highly respected by the Teochew and Hokkien communities, who previously commissioned him for projects such as the Teochew Association ...
Other notable investors of PICC included the US-based multinational insurer American International Group (AIG), which owned 2.52% of the total shares (12.76% of the H shares) of PICC, as of 2018. [1]: 50 However, AIG sold all their stake in February 2019. [8] AIG also sold most of their stake in the subsidiary PICC P&C in 2005–06. [32]
Discount amounts can be capped: Though some home insurance discounts are stackable, most insurance companies cap the total amount you can save on a policy. Though the amount varies by the ...
Singapore Arthur J. Gallagher & Co. acquired Singapore-based ITI Solutions Pte Ltd. in 2011. [ 13 ] ITI is a specialist insurance broker with expertise in marine cargo, political risk, trade credit risk, and specialty lines.