ÌìÃÀÍøÕ¾´«Ã½´«Ã½

American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective today.”

The bulletin indicated that the “Japanese life insurance company will be renamed ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Edison Life Insurance Company subject to Japanese regulatory approvals. The GE property casualty insurance companies acquired by ÌìÃÀÍøÕ¾´«Ã½´«Ã½ will operate together with ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s Domestic Personal Lines subsidiaries.”

It added pointed out that “ÌìÃÀÍøÕ¾´«Ã½´«Ã½ companies have operated in Japan for more than 50 years.” Its existing life insurance businesses operates through American Life Insurance Company (ALICO Japan) and ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Star Life Insurance Co., Ltd. “ÌìÃÀÍøÕ¾´«Ã½´«Ã½ is also the largest foreign property-casualty insurance organization in Japan, operating through the Japanese branches of AIU Insurance Company (AIU) and American Home Assurance Company,” the announcement concluded.

Topics USA Mergers & Acquisitions Auto ÌìÃÀÍøÕ¾´«Ã½´«Ã½