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AIG Japan to merge two subsidiaries to create biggest foreign-owned casualty insurer in Japan

( February 14, 2017, 01:29 GMT | Official Statement) -- MLex Summary: AIG Japan Holdings plans to merge its wholly owned subsidiaries AIU Insurance and Fuji Fire and Marine Insurance, effective Jan. 1, 2018. The merger is subject to regulatory approval, the parent company said in a statement posted on its website. The new company, AIG General Insurance, will be the largest foreign-owned casualty insurance company in Japan, according to the statement. The statement, in Japanese, is attached. ...

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