AIG divests its activities in Japan

The American International Group (AIG) would be willing to sell its Japanese life insurance subsidiary to FWD, an insurer belonging to the investment firm Pacific Century Group. The terms of the transaction have not been disclosed yet.

This transaction will allow FWD, currently present in Indonesia, Thailand, Vietnam and Singapore, to expand its activities to the Japanese archipelago.

However, the sale of its life subsidiary does not mark the end of AIG in the land of the rising sun.

The US insurer will continue to operate in the Japanese non-life market through its local subsidiaries Fuji Fire & Marine, American Home Assurance Company and AIU Insurance Company.

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