AIG sounds out appetite for AIA

American government-backed insurance giant AIG has held talks with Asian sovereign wealth funds including Singapore’s GIC and Temasek over cornerstone investments for its autumn initial public offering (IPO) of AIA, it is understood. National investment corporations from Abu Dhabi, Kuwait and Qatar are also thought to have shown an interest in taking large chunks of shares in AIG’s Far Eastern business. Up to 30 per cent of the stock could be placed privately rather than through an IPO.