Related News
M&A boost for AIG insurance
By Zhang Fengming |
00:00 UTC+8 January 8, 2009
|
Print Edition
Print Edition
AIG General Insurance Co China Ltd yesterday launched the first merger and acquisition warranty insurance on Chinese mainland to ride on an expected M&A boom.
The company, the non-life arm of United States insurer AIG in China, is bullish on M&A activities on the Chinese mainland.
The China Banking Regulatory Commission in December allowed banks to issue credit for M&A transactions, the first time the leverage has been extended to M&A activities on the mainland.
Industry watchers expect the move to boost the M&A activities and the global financial crisis also offers some Chinese companies opportunities to invest with relatively lower valuations.
The company is riding this trend and will target existing clients this year and expand its market share further.
The company will also make use of its global network and choose clients carefully controlling risks.
This insurance indemnifies the buyer for losses caused by breaches of warranties given by the seller in the M&A transaction. The policies enable the buyer to claim directly from the insurer without first approaching the seller.
The company, the non-life arm of United States insurer AIG in China, is bullish on M&A activities on the Chinese mainland.
The China Banking Regulatory Commission in December allowed banks to issue credit for M&A transactions, the first time the leverage has been extended to M&A activities on the mainland.
Industry watchers expect the move to boost the M&A activities and the global financial crisis also offers some Chinese companies opportunities to invest with relatively lower valuations.
The company is riding this trend and will target existing clients this year and expand its market share further.
The company will also make use of its global network and choose clients carefully controlling risks.
This insurance indemnifies the buyer for losses caused by breaches of warranties given by the seller in the M&A transaction. The policies enable the buyer to claim directly from the insurer without first approaching the seller.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
