Posted on August 27, 2008 - by James
China: AIG acquires 18% stake of MicroCred…
AIG BUYS EXCLUSIVE RIGHTS TO MICROCRED MICRO-INSURANCE
CHARLOTTE, N.C.-American International Group Inc. said Tuesday it has acquired 18 percent of MicroCred Nanchong China and the exclusive right to sell micro-insurance to MicroCred clients for two years.
AIG (nyse: AIG - news - people ) Micro Financial Services, a unit dedicated to providing financial services and products to low income individuals and micro entrepreneurs worldwide, is leading the U.S. insurer’s efforts with MicroCred Nanchong China, the New York-based… [click here to read the rest of this article...]
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