AIG, Fuji Fire Align in Non-Life Insurance
Japan’s Fuji Fire & Marine has agreed with a Japanese subsidiary of American International Group to align in the non-life insurance field. The move could strengthen Fuji’s product development and marketing in Japan’s fiercely competitive insurance market.
Fuji plans to allot 10.3 million shares through a third-party stock allocation to the AIG unit, and will buy roughly the same amount of AIG shares.
Popular Today
- Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott