AIA International Limited offers insurance and investment-oriented products to high net worth customers. It offers life and accident insurance, as well as insurance against permanent total disability; and coverage for partners and key men in a business. The company has a strategic alliance with Action Holdings Financial Limited. AIA International Limited was formerly known as American International Assurance Company (Bermuda) Limited and changed its name to AIA International Limited in May 2013. The company was founded in 1967 and is based in North Point, Hong Kong. AIA International Limited operates as a subsidiary of American International Assurance Company Limited (Thailand).
183 Electric Road
Founded in 1967
Action Holdings Financial Limited Enters into Amendment to Strategic Alliance Agreement with AIA International Limited Taiwan Branch
Sep 30 14
On September 30, 2014, Action Holdings Financial Limited entered into an amendment to strategic alliance agreement with AIA International Limited Taiwan Branch. The purpose of the strategic alliance agreement is to promote life insurance products provided by AIATW within the territory of Taiwan by insurance agency companies or insurance brokerage companies affiliated with AHFL or CUIS. Pursuant to the alliance agreement, AHFL shall encourage any insurance agency company and insurance brokerage company owned by itself or the company and duly approved by the competent government authorities of Taiwan, to execute the related insurance brokerage or agent agreements with AIATW and assist such appointed broker/agent to negotiate the insurance contracts to be underwritten by the insurance company underlying such executed brokerage or agent agreements with AIATW. Pursuant to the amendment, the expiration date of the strategic alliance agreement has been extended from May 31, 2018 to December 31, 2020. In addition, both AHFL and AIATW agree to adjust certain terms and conditions set in the strategic alliance agreement, including the downward adjustment of the performance targets as well as the mechanism and formula calculating the Execution Fee to be refunded, if any. In addition, AHFL agreed to refrain from selling, pledging or transferring more than 30% of its holdings in law broker. If such sale of law broker securities does take place, AIATW may unilaterally terminate the strategic alliance agreement. Upon such a termination, the execution fee shall be recalculated based on formulas provided in the alliance agreement.