Shares of American International Group Inc (NYSE:AIG) ended Friday session in green amid volatile trading. The shares closed up +0.45 points or 0.76% at $59.86 with 4,334,148 shares getting traded. Post opening the session at $59.72, the shares hit an intraday low of $59.55 and an intraday high of $59.97 and the price vacillated in this range throughout the day. The company has a market cap of $64.58 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 Hancock Holding Company (NASDAQ:HBHC) ended Friday session in green amid volatile trading. The shares closed up +0.51 points or 1.59% at $32.59 with 428,802 shares getting traded. Post opening the session at $32.04, the shares hit an intraday low of $31.82 and an intraday high of $32.61 and the price vacillated in this range throughout the day. The company has a market cap of $2.57 billion and the numbers of outstanding shares have been calculated to be 77.54 million shares.
On Aug. 11, 2016 Veteran asset management executive David J. Lundgren, Jr., CFA, is the new Chief Investment Officer (CIO) for Hancock Holding Company (HBHC), the parent company of the bank operating under the Hancock Bank and Whitney Bank names across a five-state Gulf South corridor.
Holding the prestigious Chartered Financial Analyst (CFA) designation, Lundgren has played a major part in growing the bank’s wealth and asset management group for almost two decades. He also spearheaded the development, launch, and continued growth of the award-winning Hancock Horizon Funds family of mutual funds, earning honors as one of Barron’s Top 100 Funds Managers for his management of the funds.
President and CEO John M. Hairston said Lundgren’s proven leadership, experience, and contributions to Hancock and Whitney make him a strong incumbent for CIO.
“David Lundgren is a highly accomplished investment management leader nationally recognized for his expertise and keen insights. More important, he holds the high regard of his colleagues and clients because of his extensive professional knowledge, his thoughtful and analytical approach to asset management, and his commitment to our company’s core values,” said Hairston.