Shares of American International Group Inc (NYSE:AIG) ended Thursday session in red amid volatile trading. The shares closed down -0.42 points or -0.70% at $59.41 with 4.68 million shares getting traded. Post opening the session at $59.91, the shares hit an intraday low of $58.99 and an intraday high of $59.99 and the price vacillated in this range throughout the day. The company has a market cap of $63.81 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On Sep. 1, 2016 American International Group Inc (AIG) and Nan Shan Life Insurance Co., Ltd. (Nan Shan) successfully completed the sale of AIG Taiwan Insurance Co. Ltd’s consumer and small to mid-sized (SME) enterprise business. The deal was originally announced in June 2015.
The Taiwan company has been named Nan Shan General Insurance (NSGI) and is fully owned by Nan Shan Life Insurance.
NSGI will continue to be an AIG network partner for consumer multinational clients. AIG will continue to support multinational and commercial insurance business in Taiwan, including property, casualty, financial lines, marine, and trade credit, through a new Taiwan branch of AIG Asia Pacific Insurance Pte. Ltd.
“We are excited to have successfully completed this transaction. It has been a strong collaborative effort between both companies. At AIG, we continue to focus on our multinational and commercial insurance business in Taiwan by leveraging our underwriting expertise and multinational network,” said Lim Kian Tiong, Country Manager of AIG Asia Pacific Insurance Pte. Ltd., Taiwan Branch.
Shares of American Express Company (NYSE:AXP) ended Thursday session in red amid volatile trading. The shares closed down -0.72 points or -1.10% at $64.86 with 3.66 million shares getting traded. Post opening the session at $65.55, the shares hit an intraday low of $64.42 and an intraday high of $65.64 and the price vacillated in this range throughout the day. The company has a market cap of $60.04 billion and the numbers of outstanding shares have been calculated to be 923.78 million shares.
On August 31, 2016 With a shared focus on exceptional service and innovative solutions for the business and leisure traveler, American Express and Delta Private Jets have joined forces to offer a new suite of travel benefits opening a new gateway of custom travel opportunities for select Card Members.
The new Premium Private Jet Program offers a reduced fee for Platinum Card Members who purchase the Delta Private Jets Card Membership, as well as a wide range of other benefits offering control, convenience and style in the air.
“Our Card Members love to travel, and they depend on us to not only make their journey more comfortable, but also make travel more seamless,” said Janey Whiteside, SVP Charge and Benefits for American Express. “Partnering with Delta Private Jets opens up one of the most premium travel experiences for our most jet-setting Card Members, giving them access to a custom, private travel experience at a value and with benefits available only with their Platinum or higher level Card.”
David Sneed, Executive Vice President and Chief Operating Officer of Delta Private Jets, noted, “At Delta Private Jets, we are focused on exceeding the expectations of every traveler, before, during and after their flight. We welcome this opportunity to deliver an outstanding benefit and experience for American Express Card Members with the new Premium Private Jet Program.”