In adhering to 3 weeks "not to abandon life insurance, Insurance two core business" argument, the time for the United States on October 3, American International Group (AIG) has announced plans to sell Assurance minority.
Although the Chinese friends in the area did not sell out, but rumors of the "buyer" appeared in China Life Insurance (601,628, it shares), the Industrial and Commercial Bank (601,398, it shares), PICC Property Insurance, and other Chinese-funded companies figure.
Chinese buyers cautious
AIG, according to Beijing representative office on the 4th said, AIG is its wholly-owned subsidiary of Life Insurance - American International Assurance Company Limited to find strategic investors, for which, AIG will sell Assurance part of the shares.
International Assurance in the Asia Pacific region AIG President and Chief Executive Officer Michael Moses said the letter, the current International Assurance Company and its financial soundness, the introduction of strategic investors to ensure that our allies will be able to continue solid growth and enhancement of quality insurance products and services.
Chizha the insurance industry appears to be a century of the International Assurance and Buchou Mai.
Chi Mak said the letter, the parent company from the previous week in New York Friday announced that it would start large-scale divestiture of the project, there are more than 12 companies have approached the American International Assurance.
On hearing this from many well-known Chinese-funded institutions, the media is currently out of at least 3: China Life Insurance (601,628, it shares), the Industrial and Commercial Bank (601,398, it shares) and PICC Property Insurance.
Although the current news, Chinese friends in the area did not sell out, but most of the opinion that China's friendly countries as part of its fastest-growing region, will also be forced to sell part of its stake, as well as re-break in exchange for Extension Turkey's freedom.
"Chinese-funded companies to participate in the purchase of our allies do not share that was not possible, in particular, a number of Chinese-funded insurance institutions." Insurance experts say a "friends of the insurance business is a very good piece of the assets, if successful acquisition, can play a very strong synergy. "
It is reported that successfully VISA lucrative investment of China Life Insurance (601,628, the shares it) very high voice, while another businessman Paul Insurance Insurance is back with AIG "Zhanqindaigu." People's Insurance and AIG Insurance are both strategic and cooperative partnership, which is held by People's Insurance Insurance 9.9% stake, and therefore does not rule out the possibility that both sides will continue to promote cooperation in equity.
Reporters asked whether China Life, PICC Property Insurance, and other Chinese-funded institutions, get back are "innocent."
The industry is also a reminder of the possible acquisition of the risk of friendly countries.
China Merchants Securities analyst Luo Yi insurance that if the acquisition is China's friendly assets, the risk is clearly very small, because China's diplomatic performance has been good for many years; However, if China is to buy assets other than our allies, on the risk of the unknown .
China quiet friendly
AIG crisis, the friends of China has been calm, Hong Kong, China, Singapore, the wave did not surrender a large scale in the Chinese mainland to copy.
Sept. 17, friends of Hong Kong issued a statement, although the company was a subsidiary of AIG, but has a sound and independent accounts, insurance policies issued by the company directly responsible, and have adequate capital and are subject to strict supervision of the insurance supervisory bodies.
"In fact AIG closed down or not, the financial independence of the International Assurance is there will not be much affected." Allies, a client manager in a letter to clients to appease wrote, "and that the U.S. government loans, friends Insurance also increased by a more solid strength of the shareholders - the U.S. government, there are not more than the United States in the context of the shareholders. "
October 3, Chi Mak letter said: "AIA and its financial soundness. In the past, through its unprecedented development in Asia, we have established with more than 20,000,000 policyholders and more than 200,000 members of the insurance marketing a prominent position. We are clearly the market leader Persons. "
AIA Beijing Branch of China Life Insurance Miss Gu Wenli's business card still retains the words of AIG, and as usual the list of "500 strong third place in the world" and "financial strength rating of the international calendar AAA" to their names.
The parent company in crisis, the allies remain active introduction of new insurance products.
September 26, International Assurance Company introduced the dividend-return year after year, "Jin annual pension insurance scheme", referred to as customers, "family emergency funding adjustment cash flow, planning the growth of children a lifetime investment for old age security to provide a new Financial planning solutions. "
"Payment of short-term, return year after year, customers will be able to complete just a few years to pay for a very short-term needs of the customer to pay." Life Miss Gu Wenli said.
In the past only to attract customers an important argument has been quietly changed.
"AIG Assurance Company of the storm has no effect, as the International Assurance Company, a wholly owned subsidiary of AIG, which is an independent financial accounting." Miss Li "independent legal entity wholly-owned subsidiary of" the nature of the strong pull away with the distance between AIG .
In the past, AIG around the world in 130 countries and regions in the network and the trillions of dollars of assets Assurance is the marketing staff to sell insurance are the most important weapons.
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