Investment Summary

AIG Invests In Union y Desarrollo S.A.

On May 21, 1998, AIG invested in insurance company Union y Desarrollo S.A.

Investment Highlights
  • This is AIG’s 2nd transaction in the Insurance sector.
  • This is AIG’s 1st transaction in El Salvador.

Investment Summary
Date 1998-05-21
Target Union y Desarrollo S.A.
Sector Insurance
Investor(s) AIG
Deal Type Stake Purchase

Target

Union y Desarrollo S.A.

El Salvador
Union y Desarrollo, S.A. a Salvadoran life and non-life insurer based in San Salvador.

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Investor(S) 1

Investor

AIG

New York, New York, United States

website

Category Company
Founded 1919
Sector Insurance
Employees26,200
Revenue 56.5B USD (2022)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.

DEAL STATS #
Overall 2 of 16
Sector (Insurance) 2 of 15
Type (Stake Purchase) 1 of 3
Country (El Salvador) 1 of 1
Year (1998) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-29 SELIC Holdings

Bermuda

SELIC Holdings, Ltd. provides high limits of excess general liability insurance and excess directors and officers insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-18 HSB Group

Hartford, Connecticut, United States

HSB Group, Inc. is a provider of specialty insurance products, engineering services, and management consulting.

Buy $1.2B
Mergr

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