AIG returns with $193m PICC P&C block

US insurer ended 13 years of stock ownership in PICC’s property and casualty arm by executing its fourth block sale on Saturday.
September 05, 2016

American Insurance Group capitalised on a strong rally in the US stock market to sell its remaining stake in Chinese insurer PICC Property & Casualty for HK$1.5 billion ($193 million) through a block trade over the weekend.

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