The New Masters of Risk? How insurers are testing out their capabilities in finance
Profiles
AIG remains the undisputed leader
It was approved by shareholders in March but still awaits regulatory approval. But Ping An might reduce the size of the fund-raising because of regulatory concerns that the market cannot finance such a large offering.
The amount of capital is probably too big for the acquisition of a rival domestic insurer or asset manager, so there was speculation that the target would be an insurer or bank in a similar foreign market.
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