ING to Sell Insurance Units to Richard Li

In 2010, he bought asset manager PineBridge--then named AIG Investment--for about $500 million from American International Group Inc. following the global financial crisis that hit the U.S. insurance company, which had to sell assets to repay a bailout package from the U.S. government.

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2012-10-19
Main Author: Tudor, Alison
Format: Newspaper Article
Language:English
Subjects:
Bailouts
Insurance companies
Insurance industry
International finance
Life insurance
Retail banking
Online Access:Get full text
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Description
Summary:In 2010, he bought asset manager PineBridge--then named AIG Investment--for about $500 million from American International Group Inc. following the global financial crisis that hit the U.S. insurance company, which had to sell assets to repay a bailout package from the U.S. government.
ISSN:2574-9579