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Prudential's record acquisition

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Magazine Issue: 
The FANAF Zone: The groups' power [3]
Magazine date: 
Mar 2010

The British life insurer has announced the takeover for 35.5 billion USD of all AIG's Asian assets in one of its subsidiaries, AIA.
This mega operation is likely to make of Prudential the world's biggest non-Chinese insurer, by stock market value, ahead of Allianz and AXA.
The deal will be financed in cash and by means of a minority entry of AIG into Prudential's capital with up to 11%. This cession will enable AIG to recover 25 billion in cash.

Insurance main acquisitions
in billions USD
 PurchaserVendorThe deal‘s amount
2010PrudentialAIA135.5
2001AIGAmerican General23.4
1998BerkshireGeneral Re22.3
2000ZFSAllied Zurich19.4
1998AIGSun America18.1
1997ZFSBat Industries17
2003St PaulTravelers16.1
Source: The echos, March 2, 2010 1 Asian subsidiary of AIG
Fri, 11/02/2011 - 10:27

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