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 USDPurchaser | Vendor | The deal‘s amount | |
---|---|---|---|
2010 | Prudential | AIA1 | 35.5 |
2001 | AIG | American General | 23.4 |
1998 | Berkshire | General Re | 22.3 |
2000 | ZFS | Allied Zurich | 19.4 |
1998 | AIG | Sun America | 18.1 |
1997 | ZFS | Bat Industries | 17 |
2003 | St Paul | Travelers | 16.1 |