AIG secures HSBC distribution rights in Turkey and France for $55m
American International Group signed a 10-year bancassurance deal with HSBC Group, which see it become the exclusive provider of non-life insurance products to HSBC customers in Turkey and France.
AIG expects to pay a total consideration of approximately $55m for the exclusive distribution access in Turkey and France, and expects to launch the partnerships in the first half of 2013.
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