By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Jumia, Africa’s leading online shopping firm said on Tuesday it partnering world’s insurance and asset management firm, the AXA Group to provide insurance products and services to African customers, according to a statement from African Press Organisation (APO). Jumia says AXA will become the exclusive […]
Tag: AIG
AIG sells aircraft leasing wing to focus on insurance
Insurer American International Group Inc (AIG.N) said on Monday it will sell its aircraft-leasing business to AerCap Holdings NV (AER.N) for $5.4 billion, after four years of trying to divest its biggest non-insurance business in fits and starts. The insurer, which was nearly wiped out by derivative bets during the […]
AIG may join bailout lawsuit against U.S. government
American International Group Inc , the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totalled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair, the company said on Tuesday. The news prompted a swift reaction from […]
