M&A Deal Summary

AIG Acquires GE Edison Life Insurance Co.

On August 29, 2003, AIG acquired insurance company GE Edison Life Insurance Co.

Acquisition Highlights
  • This is AIG’s 4th transaction in the Insurance sector.
  • This is AIG’s 1st transaction in Japan.

M&A Deal Summary

Date 2003-08-29
Target GE Edison Life Insurance Co.
Sector Insurance
Buyer(s) AIG
Deal Type Add-on Acquisition

Target

GE Edison Life Insurance Co.

Tokyo,, Japan
GE Edison Life Insurance Co. provides life insurance products and services in Japan.

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Buyer(S) 1

Buyer

AIG

New York, New York, United States

Category Company
Founded 1919
Sector Insurance
Employees22,200
Revenue 27.3B USD (2024)
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 4 of 17
Sector: Insurance M&A 4 of 16
Type: Add-on Acquisition M&A Deals 3 of 9
Country: Japan M&A 1 of 1
Year: 2003 M&A 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-20 Travel Guard International

Wisconsin, United States

Travel Guard International is a provider of travel insurance programs and emergency travel assistance.

Buy -