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Article: AM Best looks over AIG's restructuring.
- Article from:
- CPI Financial
- Article date:
- April 22, 2009
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Byline: news@cpifinancial.net (Staff Writer)
AM Best has said that the ratings and outlook of the property/casualty subsidiaries of American International Group (AIG) remain unchanged following the company's announcement of the acceleration of its restructuring and re-branding of its global property/casualty operations, AIU Holdings. (See below for a detailed list of the companies and ratings.)
The domestic and foreign property/casualty subsidiaries of AIG will be placed in a special purpose vehicle (SPV), and AIG will purchase from AIU Holdings its equity interests in certain AIG affiliates.
While capital and surplus remain unchanged, the ...