IndiaInsurance
2nd March 2010, 02:03 PM
Prudential s proposed acquisition of AIG s Asian crown jewel puts pressure on other insurers to bulk up in the fast-growing region and could trigger a series of rival approaches and consolidation deals. Canada s Manulife Financial and France s Axa are both seen as potential contenders for AIG s American International Association (AIA) unit, because of their ambitions to grow in Asia. The move by Prudential also puts pressure on companies like Generali, Zurich and to a lesser extent Aviva because they would have a smaller Asian presence (than Prudential-AIA), said analyst Eamonn Flanagan of Shore Capital. The deal is the one of biggest ...
More... (http://in.biz.yahoo.com/100302/50/bav5x8.html)
More... (http://in.biz.yahoo.com/100302/50/bav5x8.html)