Insurance in Asia

Fact Sheet

Experience

    • AIA Group in its $1.25 billion offering of subordinated securities, consisting of $500 million of 4.950% subordinated dated securities due 2035 and $750 million of 5.400% subordinated dated securities due 2054.
    • AIA Group in its $1 billion offering of 5.375% subordinated dated securities due 2034.
    • KKR and Global Atlantic, a retirement and life insurance company, in their strategic partnership with Japan Post Insurance.
    • Chubb in its 15-year exclusive bancassurance distribution agreement with Hang Seng Bank.
    • AIA Group in its $600 million offering of 4.95% notes, due 2033.
    • Sun Life in its 15-year exclusive bancassurance partnership with Dah Sing Bank.
    • AIA Group in its acquisition of MediCard Philippines, a leading Health Maintenance Organisation (HMO) in the Philippines providing health insurance and healthcare services.
    • AIA in its acquisition of Blue Cross Insurance Limited from Bank of East Asia.
    • AIA Australia in its sale of its superannuation and investment business to Resolution Life.
    • AIA Group in its investment in Tiki, an all-in-one e-commerce platform in Vietnam, and entry into an exclusive 10 year partnership, the first of its kind between a life insurer and a digital platform in Vietnam.
    • AIA Malaysia in its investment in TNG Digital Sdn. Bhd., owner of Touch ‘n Go eWallet, Malaysia’s largest e-wallet provider, and entry into a long term strategic partnership.
    • AXA in its $4.8 billion reinsurance transaction with Global Atlantic Financial Group.
    • American International Group in its strategic partnership with Blackstone Group for its Life & Retirement business.
    • AIA in its $1.86 billion equity investment in China Post Life.
    • AIA in its acquisition of BEA Life Limited and 15-year exclusive bancassurance partnership with The Bank of East Asia in Hong Kong and Mainland China.
    • Prudential in its sale of Prudential of Taiwan to Taishin Financial.
    • Prudential Financial in its $1.9 billion sale of Prudential Life Insurance of Korea to KB Financial Group.
    • AIA Group in its $1.75 billion offering of 3.2% subordinated fixed rate securities, due in 2040. The offering was named “Bond Deal of the Year” by FinanceAsia in its annual Achievement Awards.
    • FWD in the acquisition of Vietcombank – Cardif Life Insurance and entry into a long-term distribution partnership.
    • AIA on a partnership with the Max-Aya Group in Myanmar.
    • AIA in its potential investment in, and distribution arrangement with, Gojek, a Southeast Asian multi-service super-app ecosystem.
    • FWD in its acquisition of MetLife Hong Kong.
    • Japan Post Holdings in its purchase of a strategic stake of approximately 7% of outstanding common shares of Aflac.
    • Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, in its revised AUS$3.0 billion acquisition of AMP Life.
    • AIA Group in its $500 million offering of 3.90% notes due 2028.
    • Prudential Financial in its minority stake investment in Peak Reinsurance.
    • AIA in its cornerstone investment in a Chinese healthcare online start-up, WeDoctor, and related preferred distribution arrangements.
    • Hanover Insurance in its $950 million sale of Chaucer, its Lloyd's-focused international specialty business, to China Re.
    • AIA Group in the 15-year extension of its exclusive regional bancassurance agreement with Public Bank, extending the partnership to 2037.
    • AIA Vietnam in its exclusive bancassurance agreement with VPBank.
    • American International Group in the sale of its medical stop-loss operations to Tokio Marine HCC.
    • Prudential Financial in its life insurance joint venture with CT Corp in Indonesia.
    • AIA Group in its $500 million offering in Taiwan of 4.47% senior unsecured fixed rate notes due 2047.
    • American International Group in its sale of its Japan life insurance business to FWD.
    • FWD in a 15-year bancassurance agreement with An Binh Bank in Vietnam.
    • American International Group in its sale of a $1.2 billion stake in PICC Property and Casualty by means of a block trade.
    • American International Group in the sale of a $750 million stake in PICC Property and Casualty by means of a block trade in Hong Kong.
    • AIA Insurance Lanka, a subsidiary of Hong Kong-based life insurer AIA Group, in the sale of its stake in AIA General Insurance Lanka to Janakashi Insurance.
    • AXA in the sale of its mandatory pension business in Hong Kong to the Principal Financial Group.
    • Protective Life in its $5.7 billion merger with a subsidiary of Dai-ichi Life, a life insurance company listed on the Tokyo stock exchange.
    • AIA Group in its $1 billion Rule 144A placement in the United States.
    • AIA Group in its landmark exclusive bancassurance partnership with Citibank to distribute its insurance products to 11 countries in the Asia Pacific region. This was the largest ever bancassurance deal in Asia.
    • New York Life Insurance in the sale of New York Life Insurance Taiwan Corporation, its Taiwan life insurance subsidiary, to Yuanta Financial Holding.
    • American International Group in the restructuring of Chartis' interest in PICC and a cornerstone investment in PICC's Hong Kong initial public offering.
    • American International Group in its $6.45 billion sale of ordinary shares of AIA Group.
    • AIA Group in its $1.7 billion acquisition of ING's insurance businesses.
    • AIA Group in the $109 million acquisition of Sri Lanka’s leading insurance company, Aviva NDB Insurance, from Aviva and Sri Lanka’s National Development Bank.
    • American International Group (AIG) in its $2 billion sale of ordinary shares of AIA Group.
    • American International Group and AIA Group Limited in AIA's spin-off from AIG and $20.5 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong's history and the world's largest IPO in the insurance sector.
    • Mitsui Life Insurance in its termination agreement with Ameriprise Financial.
    • American International Group in the tender offer by Chartis Japan Capital to acquire the remaining shares of Fuji Fire and Marine Insurance Co.
    • Prudential Financial in its strategic cooperation with Fosun Group, China’s leading private investment company, to establish a $600 million private equity fund and a related joint venture in the PRC.
    • MassMutual in the sale of its interest in its Taiwan-based affiliate, MassMutual Mercuries Life Insurance Co.
    • Prudential Financial in its $4.8 billion acquisition of Japan-based AIG Star Life Insurance and AIG Edison Life Insurance from American International Group.
    • Prudential Financial in the $425 million sale of its South Korean investment and fund management business, Prudential Investment & Securities Co. Ltd. and Prudential Asset Management Co., to Hanwha Securities Co.
    • American International Group (AIG) and American International Assurance Company in AIG's agreement with the Federal Reserve Bank of New York to reduce the debt AIG owes the FRBNY by $25 billion and position AIA and American Life Insurance Company for initial public offerings.
    • Prudential Financial in matters relating to The Gibraltar Life Insurance Company, a subsidiary of Prudential Financial, in its acquisition of Yamato Life.
    • China Life in a review of its directors and officers insurance policies.
    • China Life in the preparation of its 2006 form 20-F.
    • China Life in the preparation of its 2006 Interim Report.
    • China Life in its acquisition of 5% of Fortis Investment Management from an existing shareholder.
    • Prudential Financial in a memorandum for the Chinese CIRC regarding U.S. demutualization and IPOs of life insurance companies.
    • China Life and its directors in a securities class action filed in the Southern District of New York.
    • China Life Insurance as U.S. counsel in its $3.62 billion listing of 1.5 billion A Shares on the Shanghai Stock Exchange.
    • LG Insurance in the formation of a management company for its U.S. branch office.
    • Manulife in its acquisition of Pramerica Life, an insurance company in the Philippines.
    • American International Group in the acquisition of Central Insurance Co., a Taiwan property and casualty insurance company, in the first “going private” transaction in the financial services sector in Taiwan.
    • China Life in its filing of a Form 20-F for the financial year ending on December 31, 2005.
    • China Life, China’s leading life insurer listed on the New York, Hong Kong and Shanghai Stock Exchanges, in the fulfillment of its ongoing compliance obligations under the U.S. securities laws as a reporting company.
    • Prudential in its purchase, as part of a consortium with Carlyle, of 25% of China Pacific Life Insurance, in conjunction with a matching investment by controlling shareholder China Pacific Insurance (Group).
    • Prudential Financial in the acquisition by Prudential Life Insurance Company, a wholly owned subsidiary of Prudential Financial, of Aoba Life Insurance Company.
    • China Life in its nearly $3.5 billion global initial public offering and listing on the New York Stock Exchange, the largest IPO worldwide in 2003.
    • Prudential Financial in the purchase of Asian Relocation Management by Prudential Real Estate and Relocation Services.
    • MBIA as financial guarantor of the largest lender in the financial restructuring of CalEnergy's Dieng and Patuha geothermal independent power projects in Indonesia, following the 1997 Asian crisis. MBIA played a leading role in the restructuring of those projects which involved over five years of discussions with parties including the Indonesian Government.
    • Prudential Financial in the sale of its Prumerica Asia Infrastructure Investors business to Darby Overseas Investments.
    • Nippon Life Insurance Company in its sale of the Prudential Plaza in Chicago, IL
    • Prudential Financial in its $300 million acquisition of a 20% interest in The Kyoei Life Insurance Company and a related marketing joint venture.
    • Goldman Sachs, as financial advisor to Neptune Orient Lines Ltd., in Neptune Orient Lines Ltd.'s $825 million acquisition of APL Ltd.
    • Prudential Financial in its strategic cooperation with Fosun Group, China’s leading investment company, to establish a $600 million private equity fund to make investments in China.
    • China Life in filing its 20-F for the financial year ending on December 31, 2010.