Debevoise & Plimpton LLP is advising American International Group, Inc. (NYSE:AIG) in its agreement to sell American International Assurance (AIA), one of the world's largest pan-Asian life insurance companies, to Prudential PLC (Prudential) for approximately $35.5 billion, including approximately $25 billion in cash and approximately $10.5 billion in face value in equity securities of Prudential.
AIG, a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIA is a leading pan-Asian life insurance organization that traces its roots in the Asia Pacific region back more than 90 years. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner John M. Vasily and includes partners Andrew L. Bab and Jeremy Hill.
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