AIA Group

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AIA Group Limited
友邦 保險 控股 有限公司

logo
legal form Corporation
ISIN HK0000069689
founding June 2, 1919
Seat Hong Kong
management Lee Yuan Siong
Number of employees 20,000 (2017)
sales 38 billion US dollars (2017)
Branch insurance
Website www.aia.com

The AIA Group Limited , also abbreviated as AIA , is a publicly listed pan-Asian insurance group . It offers a variety of insurance and financial services, including life insurance for individuals and companies, as well as accident and health insurance . Other activities include pension plans and asset management services . AIA is based in Hong Kong and has a presence in 18 markets in the Asia-Pacific region. 100 percent branches and subsidiaries are located in Hong Kong, Thailand , Singapore , Malaysia , People's Republic of China , South Korea , the Philippines , Australia , Indonesia , Taiwan , Vietnam , New Zealand , Macau , Brunei , Cambodia , a 97 percent subsidiary in Sri Lanka , a 49 percent joint venture in India and a representative office in Myanmar .

With a turnover of 38.3 billion US dollars and a profit of 6.1 billion US dollars, AIA is one of the top-selling insurance companies in the world. In mid-2018, the market value was around $ 111 billion, making AIA one of the most valuable insurers.

history

AIA dates back to June 2, 1919, when Cornelius Vander Starr founded American Asiatic Underwriters (later American International Underwriters) in Shanghai . Starr eventually expanded his business around the world. On January 21, 1939, Starr moved his main office from Shanghai to New York City after the Japanese invasion of China and again on April 5, 1949 with the communist takeover of mainland China. The Asian AIA became a subsidiary of the New York-based American International Group (AIG).

On December 4, 2009, AIG sold preferential shares in two newly formed subsidies, the American International Assurance Company (AIA) and the American Life Insurance Company (ALICO), to the Federal Reserve Bank of New York to reduce its debt by 20%.

AIA planned to be listed on the Hong Kong Stock Exchange on April 3, 2010 . However, Prudential plc , a UK financial services and securities company, announced on March 2, 2010 that it would buy AIA for $ 35.5 billion. After the takeover failed, AIA went public in October 2010, with a volume of 159.08 billion Hong Kong dollars (20.51 billion US dollars) making it the world's third largest IPO at that time.

On October 7, 2012, AIA acquired the Malaysian subsidiaries of ING Group for a present value of EUR 1.336 billion (USD 1.73 billion).

On December 21, 2012, AIG sold its entire 13.69% stake in AIA.

Since June 2, 2013, AIA has concluded an exclusive all-finance agreement with Citibank , which includes 11 AIA markets in the Asia-Pacific region, namely Hong Kong, Singapore, Thailand, China, Indonesia, the Philippines, Vietnam and Malaysia.

In August 2013, AIA became the official shirt partner of the Premier League football club Tottenham Hotspur . The contract was extended in 2017 and again in 2019; The term is the end of the season 2026/2027. The company currently pays 55 million euros per season.

Individual evidence

  1. ↑ About AIA - AIA Group Limited. Retrieved February 25, 2019 .
  2. ^ AIA Group. Retrieved February 25, 2019 .
  3. ^ AIA Group on the Forbes World's Best Employers List. Retrieved February 25, 2019 .
  4. ^ AIG closes two transactions that reduce debt that IAG owes Federal Reserve Bank of New York by $ 25 billion
  5. ^ Prudential Plc to Buy AIA for $ 35.5 Billion to Expand in Asia . In: Bloomberg Businessweek . Archived from the original on April 4, 2010. Retrieved March 1, 2010.
  6. ^ AIA's successful listing on the Hong Kong Stock Exchange . October 19, 2010. Archived from the original on March 4, 2016.
  7. ↑ AIA Extends Pan-Asian Leadership Position with Acquisition of ING Malaysia . October 11, 2012. Archived from the original on March 4, 2016.
  8. ↑ AIG Divests Remaining holding in AIA, marking a milestone in AIA's History . December 18, 2012. Archived from the original on May 25, 2013.
  9. ↑ AIA Further Strengthens Pan-Asian Leadership through Exclusive Long-Term Bancassurance Partnership with Citibank in 11 Markets . December 19, 2013. Archived from the original on February 7, 2016.
  10. ↑ Tottenham Hotspur extends AIA sponsorship deal. In: Football. Retrieved February 25, 2019 .
  11. ↑ 350 million package: Tottenham draws level with Chelsea thanks to a new jersey deal. Retrieved August 28, 2019 .