Stake Purchase • Insurance

AIG Invests In Union y Desarrollo S.A.

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

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

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Investment Summary

Date May 21, 1998
Target Union y Desarrollo S.A.
Sector Insurance
Investor(s) AIG
Deal Type Stake Purchase

Target Company

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 Overview 1

Investor

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 Context for Investor #
Overall 2 of 17
Sector: Insurance 2 of 16
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

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