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AIG confirms plan to float Asian arm

AIG has confirmed that it is looking to float its Asian insurance subsidiary AIA on the Hong Kong Stock Exchange.

AIG, which was downgraded by Fitch on Friday, is seeking to raise $4bn from the IPO, allowing AIA to split off from AIG.

The lead manager for the float will be private equity powerhouse Blackstone

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Diary of an Insurer: Belfor’s Dominic Toomey

Dominic Toomey, technical manager within the major and complex loss team at Belfor UK, balances complex site inspections, hands-on technical demonstrations and internal system workshops with the ongoing development of people and processes.

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