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Article: AIG's asset sale options numerous; Finance, life and personal lines units already garnering interest.(News)(American International Group Inc.)(Interview)
- Article from:
- Business Insurance
- Article date:
- September 29, 2008
- Author:
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Byline: JUDY GREENWALD
NEW YORK-American International Group Inc.'s aircraft leasing business is the unit most frequently cited as likely to be sold, as the New York-based insurer seeks to retire the Federal Reserve Board's $85 billion loan facility, but AIG has plenty of other assets to sell.
Those businesses include consumer finance, life insurance and automobile insurance, as well as parts of its commercial insurance operations, such as its stake in reinsurer Transatlantic Holdings Inc., observers say. AIG officials told Business Insurance two weeks ago that the company had no plans to sell its domestic and foreign commercial lines operations.