Insurance

AIA's parent becomes No.1

Monday 11th of December 2000

AIA's United States parent company American International Group Inc has become the biggest financial company by market value, eclipsing Citigroup Inc.

Recently the company passed Citigroup with a market capitalisation of US$ $214.6 billion.

While AIG's size makes it a plausible candidate to gobble up others amid an unprecedented wave...

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