AIA to be sold to Indians

[Harry Lee]

AIA has approached Indian company to lay-long take-over.

AIA will soon be an Indian company.

 

[Harry Lee]

NEW DELHI: India Inc may not just remain a mute spectator to the current global financial crisis. A leading Indian business group has been approached by Citibank to buy out the Singapore-based American International Assurance Company (AIA), a wholly-owned subsidiary of AIG. The once formidable US insurance and asset management giant is now 80% owned by the US government.

AIA is AIG’s flagship life insurance company for Southeast Asia and is the largest life insurer in the region. It has businesses in various countries through branches, subsidiaries and affiliates, including Singapore, India, China, Australia, Hong Kong, Malaysia, Indonesia, South Korea and Thailand. In India, AIG has a 24:76 life insurance joint venture with the Tatas.

Sources told ET that Citibank, acting on behalf of AIA, has approached one of India’s largest diversified conglomerates for a buyout of the Singapore firm. The Indian company is currently evaluating the option, and has not taken any decision to make a bid so far. But if this transaction does materialise, it could well be one of the largest overseas financial deals struck by an Indian firm.

http://economictimes.indiatimes.com...ds_out_Indian_company/articleshow/3592281.cms

 

[pia]

AIA has approached Indian company to lay-long take-over.
AIA will soon be an Indian company.

NOW I feel truly blessed I don't have policies with AIA

 

[no_faith]

oh gosh, AIA goin to be overlook by ah bu neh neh?

 

[DIVISION1]

Race is not an issue for companies run effectively and responsibly to their shareholders and clients.

 

[pia]

Race is not an issue for companies run effectively and responsibly to their shareholders and clients.

No offence, it's not a race but an image thing. They're gonna work hard on marketing their image if they are to sell insurance to me. I'm sure it's a factor for other buyers too.

 

[DIVISION1]

Some of the best world class economists are indians. Neel Kashkari is Indian and the fate of billions lies in his hands as he helps formulate policies that affects trillions.

 

[tonychat]

AIA has approached Indian company to lay-long take-over.

AIA will soon be an Indian company.

At least better than to be a chink company.

 

[The_Latest_H]

There are some companies that are well run by Indians. The outsourcing firms are examples, as with Tata Motors. Even Pepsi Co in the US has an Indian CEO.

So if AIA is sold to an Indian insurance corporation, well so be it. Until anyone here is a board member of AIG, then we can't say much. All we ask is that AIA would be under better management than now.

And it cannot be about race; it must be about ability which transcends class, race and origin.

 

[halsey02]

Some of the best world class economists are indians. Neel Kashkari is Indian and the fate of billions lies in his hands as he helps formulate policies that affects trillions.

Agree with you, we have a President of Indian descent, best in the world, no joke!

 

[DIVISION1]

I take it you have high regards for our President! Good for you!

 

[The_Latest_H]

Agree with you, we have a President of Indian descent, best in the world, no joke!

As I said, its about merit. There's bad Presidents, of all races, and good Presidents of all races. LKY selected a bad one because he's selfish. And that bad choice is coincidentally, an Indian.

 

[Sipahsi]

I hate racists. These douchebags should be placed in a situation that they're discriminated as well.

One day, your SON will come home with an indian BOYfriend. That'd be really funny.

 

[travelbug]

Now would be the time to get ALL your AIA policies terminated as you CANNOT trust a SNAKE from India!

 

[DIVISION1]

I agree with you, I do not trust a company run by a snake from India or any country for that matter. I only trust competent humans running a company, regardless of race, language or religion.

 

[travelbug]

Some of the best world class economists are indians. Neel Kashkari is Indian and the fate of billions lies in his hands as he helps formulate policies that affects trillions.

That is the very reason why US economy is going from worse to HELL bonfire cos an Ah Neh is devising the mechanics of how it works. Slimy & snaky Ah Neh always talk big but cannot execute their plans. Look at what has happened now, Ah Neh from USA followed UK's PM Gordon Browns plan of taking a stake in the banks. US copying UK plan will be announced today Tues 14 Oct.

So much for originality from an Ah Neh adviser on US Treasury team. PHUI!

 

[BlueCat]

AIG in Malaysia is no longer supporting AIA's IT now.
the split is surely on the card now.

 

[pfingo]

for once i agrree with tonychat

 

[The_Latest_H]

I agree with you, I do not trust a company run by a snake from India or any country for that matter. I only trust competent humans running a company, regardless of race, language or religion.

That's the most hypocritical BS I have ever heard. Please sort yourself out.

That is the very reason why US economy is going from worse to HELL bonfire cos an Ah Neh is devising the mechanics of how it works. Slimy & snaky Ah Neh always talk big but cannot execute their plans. Look at what has happened now, Ah Neh from USA followed UK's PM Gordon Browns plan of taking a stake in the banks. US copying UK plan will be announced today Tues 14 Oct.

So much for originality from an Ah Neh adviser on US Treasury team. PHUI!

Excuse me, but the origins of such a crisis started when people recommend the excessive de-regulation of the financial markets from the end of Reagan era till now. Its has nothing to do with Neel Kashkari; instead he's the guy who's gonna be responsible in cleaning up the mess. He has to be given a chance to do that, and to do it in a responsible manner.

There's nothing to do about race. And I hate such racism attitudes. Take a good look at yourself in the mirror.

 

[Neh_Neh_Pok]

I think more prata joints will be open at all AIA branches soon