All you need to know about AIG Insurance : We are American International Group, Inc, (AIG), a leading global insurance organization providing a wide range of property casualty insurance and other financial services. Offer world-class products and expertise to businesses and individuals in approximately 70 countries and jurisdictions. And are committed to using our insights and thought leadership to not only manage risks, but to make real positive differences in every community we serve. AIG is the marketing name for the worldwide property-casualty and general insurance operations of American International Group, Inc.All written content and services are offered by American International Group, Inc. subsidiaries or affiliates. Products and services might not be offered in all nations and regions, and coverage might be limited by underwriting specifications and the wording of the policy itself. Non-insurance goods and services may be provided by independent third parties. Overhead lines insurance may offer certain property-casualty coverages. Since surplus lines insurers often don’t take part in state guarantee funds, insureds aren’t covered by them.
The Egyptian Exchange (EGX) disclosed that 58.1% of the AIG Egypt Insurance shares targeted by Gulf Insurance Group’s mandatory purchase offer have been tendered. This amounts to 32,608 shares, in response to the offer which concluded last Wednesday.
Gulf Insurance Group had put out an obligatory offer to purchase 56,031 shares, or 4.669% of the capital of AIG Egypt Insurance, with the intention of becoming the company’s sole owner.
The mandatory offer to purchase AIG Egypt Insurance shares at a price of EGP 164.15 per share was sent to traders by EGX in February, with a transaction value of roughly EGP 9.19 million. The deal, which was available for 20 working days, expired on Wednesday.
After the offer expires, EGX has promised that the share purchase would be executed on the EGX within five business days. Brokerage firms must ensure that orders stay open and amounts are reserved throughout this period by entering any pertinent buy and sell orders into the EGX system.