(Bloomberg) — American International Group Inc., the bailed-out insurer, remains in negotiations to salvage the sale of its main Asia unit after Prudential Plc requested a lower price to win shareholders’ approval. Prudential asked that the $35.5 billion price for AIA Group Ltd. be cut to about $29 billion to $30 billion, and New York- […]
(BusinessWeek.com) — When Tidjane Thiam was strategy director at British insurer Aviva in 2006, he tried to buy Prudential, the U.K.’s biggest insurer. The bid failed. Thiam’s career flourished and subsequently he moved to Prudential (which has no connection to the U.S. company of the same name) and became chief executive officer seven months ago. […]
(NYTimes.com) — Prudential, the British insurer aiming to buy the Asian life insurance business of American International Group, postponed the start of its rights issue Wednesday because Britain’s financial regulator needed more time to test the capital ratios of the combined group. Read More…
Thiam makes his mark with a $35.5 billion deal.