AIG Plowing Ahead With Asset Sales

Thursday, September 10, 2009

American International Group (AIG Quote) is set to be in the spotlight on Tuesday, with signs that the firm is moving full-speed ahead on plans for major asset sales.

Despite earlier comments by new CEO Robert Benmosche that the insurer may wait up to three years to lock in better pricing, AIG said over the weekend that it had sold one major asset-management unit for an estimated $500 million. Reports circulated on Monday that AIG is moving ahead with deals for several major life-insurance units as well


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