AIG General Insurance to Merge Three Group Companies by Jan…

AIG General Insurance to Absorb Three Group Companies and Become the Surviving Entity in January 2027

AIG General Insurance Company, Limited will absorb and merge AIG Business Partners Co., Ltd., American Home Medical and General Insurance Co., Ltd., and AIG Japan Holdings Co., Ltd., becoming the surviving company as of January 1, 2027. This was revealed in a merger announcement published in the “Company and Other Public Notices” section of the Official Gazette (dated October 2, 2026). As a result of the merger, the three companies will be dissolved, and all their rights and obligations will be succeeded by AIG General Insurance.

Merger Framework and Overview of the Four Parties

The announcement lists the parties involved, designating the surviving company as “Party A” and the dissolving companies as “Party B,” “Party C,” and “Party D.”

Party A (Surviving Company): AIG General Insurance Company, Limited, Representative Director James Nash
Party B: AIG Business Partners Co., Ltd., Representative Director Tomoko Kinugasa
Party C: American Home Medical and General Insurance Co., Ltd., Representative Director Haruko Watanabe
Party D: AIG Japan Holdings Co., Ltd., Representative Director James Nash
Head Office Location: All four companies are located at 1-3-1 Azabudai, Minato-ku, Tokyo
Effective Date: January 1, 2027
Parties B, C, and D will be dissolved upon the merger

Capital and Allocation of Merger Consideration

The amount of capital for Party A, which survives the merger, will be 13,762,242,091 yen
There will be no increase in the amount of capital due to the merger
As merger consideration, Party A will allocate and deliver 10,011 shares of Party A’s common stock and 1,000 shares of Class A preferred stock to the sole shareholder of Party D
No merger consideration will be delivered to the shareholders of Party B and Party C
Since Parties B, C, and D have not issued any share acquisition rights, no allocation of share acquisition rights or cash, etc., will be made to holders of share acquisition rights

Rights of Policyholders and Deadline for Filing Objections

The rights of policyholders of Party C after the merger will be transferred to Party A without any changes as of the effective date of the merger. Policyholders or other creditors who object to this merger must file an objection within one month starting from October 3, 2026 (the day following the publication of the notice), specifically by November 2, 2026.

Disclosure Status of Balance Sheets for the Final Fiscal Year

The announcement indicates the disclosure status of the balance sheets for the final fiscal year of each company as follows:

Party A: https://www.aig.co.jp/sonpo
Party B: Published in the Official Gazette on June 29, 2026, page 205 (Extra Edition No. 143)
Party C: http://www.americanhome.co.jp/
Party D: Published in the Official Gazette on June 30, 2026, page 205 (Extra Edition No. 145)

Impact of Group Restructuring on Policyholders and Creditors

This merger is a reorganization that will dissolve the holding company, AIG Japan Holdings Inc., and unify the group companies under the operating company, AIG General Insurance Company. For policyholders, contractual rights will remain unchanged on the effective date, and the contracts of Party C will be succeeded by Party A as they are. On the other hand, policyholders or other creditors who have objections must notify the company by November 2, 2026, making the management of this deadline the primary practical focus.

Source: Official Gazette (dated October 2, 2026) “Public Notices of Companies and Others,” Merger Notice, AIG General Insurance Company, AIG Business Partners Inc., American Home Medical and General Insurance Co., AIG Japan Holdings Inc. https://www.kanpo.go.jp/20261002/20261002h01800/pdf/20261002h018000030.pdf