AIG and U.S. Set Faster, Riskier Exit Path -4

AIG and U.S. Set Faster, Riskier Exit Path Greenberg said the asset sales reduced AIG’s diversification and added risk, especially because property-casualty business is volatile. “If I had the choice, I would sell the domestic life business rather than the Asian business (AIA),” Greenberg said. Benmosche said AIG may at some point consider a partial […]

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AIG and U.S. Set Faster, Riskier Exit Path -3

AIG and U.S. Set Faster, Riskier Exit Path AIG plans to use the proceeds from future asset sales, including the sale of two Japanese life insurance units, to retire the remainder of the Fed’s stake. Prudential Financial Inc clinched a deal for the Japan units — AIG Star Life Insurance Co Ltd and AIG Edison […]

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