AIG Focuses on Integrating Japan Businesses
Friday, 08 07 2015, Category: Insurance and Reinsurance, Country: Asia
American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan.
The timetable for merging AIU with Fuji Fire & Marine has been pushed back to 2016 or later, AIG’s head of consumer insurance, Kevin Hogan, said on a conference call Tuesday. Peter Hancock, the chief executive officer of the New York-based insurer, previously said the combination could be completed as soon as this year.
Source: Insurance Journal