Queue forms at AIA branch at Raffles Place as policy holders
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Originally posted by dragg:
i wonder if anyone surrendered his or her policy. must regret terribly now.
Don't think so, because if bankruptcy were to happen, the losses would be higher.Better to be safe than sorry.
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if i'm not wrong about Singapore government's policy, they will step in if AIA collapsed... Using Temasek Holding to buy over AIA, they will be making big profits later on. Imagine how clever this idea is?
AIA price plunged down to 0 value. Temasek Holdings declare interest to purchase AIA (Singapore) from Federal Reserve and AIG thus making them the major shareholders. Fed will say yes to save cost and minus off excess debts.
"All of AIG's assets would be pledged to secure the loan while the Fed would retain a nearly 80-per-cent stake in the company, the Fed announced."
http://www.channelnewsasia.com/stories/afp_world_business/view/376493/1/.htmlMAS will step in saying yes to this conversion of ownership. AIA becomes a subsidery of Temasek Holdings Pte Ltd... remember, AIA Insurance is making money. AIG failed because of complex parallel market called credit default swaps (CDS) and thus fall into heavy debts... so looking at this, it's a PERFECT opportunity for takeovers and sell-outs to Singapore government so no point cashing out yet...
i'm not so worried cos' Singapore has policy over control of insurance companies' resources and reserves. tight control...
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Originally posted by novelltie:
if i'm not wrong about Singapore government's policy, they will step in if AIA collapsed... Using Temasek Holding to buy over AIA, they will be making big profits later on. Imagine how clever this idea is?
AIA price plunged down to 0 value. Temasek Holdings declare interest to purchase AIA (Singapore) from Federal Reserve and AIG thus making them the major shareholders. Fed will say yes to save cost and minus off excess debts.
"All of AIG's assets would be pledged to secure the loan while the Fed would retain a nearly 80-per-cent stake in the company, the Fed announced."
http://www.channelnewsasia.com/stories/afp_world_business/view/376493/1/.htmlMAS will step in saying yes to this conversion of ownership. AIA becomes a subsidery of Temasek Holdings Pte Ltd... remember, AIA Insurance is making money. AIG failed because of complex parallel market called credit default swaps (CDS) and thus fall into heavy debts... so looking at this, it's a PERFECT opportunity for takeovers and sell-outs to Singapore government so no point cashing out yet...
i'm not so worried cos' Singapore has policy over control of insurance companies' resources and reserves. tight control...
just got some insider news from a coffeeshop talk, whose friend of a friend of a ex-aia backoffice personnel... is that when he was at aia at that time 6,7 years ago, he recalled that around >40% to <60% of AIA assets are pledged from AIG to the overall AIA's accounts for the 120% MAS regulatory rule.