American International Group is trying to get all the regulatory approvals it needs to acquire American General Corp. by the end of the month.
Texas Insurance Commissioner Jose Montemayor has agreed to the companies' request to move the date for the Texas hearing on the acquisition up to Aug. 28, from Sept. 5.
The Texas hearing will feature public testimony on AIGs plans to acquire a number of American General insurance subsidiaries, including American General Annuity Insurance Company, American General Life Insurance Company, The National Life and Accident Insurance Company and The Variable Annuity Life Insurance Company.
AIG and American General also need permission from insurance regulators in Arizona, Indiana and Pennsylvania.
