Entries tagged "ALICO"
AIG CEO Benmosche has put on his poker face and is putting a halt on sales of assets that aren't bringing in the expected bidding prices.
American International Group has apparently decided to resume talks with MetLife to sell its American Life Insurance unit.
American International Assurance and American Life Insurance will be put in special purpose vehicles and spun out.
American International Group Inc. (NYSE:AIG) is apparently suspending the sale of its American Life Insurance unit and is considering taking it public next year.
It's not really a surprise that American International Group Inc. is looking to sell off some international assets to repay its $85 billion government loan. What is surprising is the selling off of its foreign life insurance operations, after newly appointed CEO Edward Liddy said that the insurer was staying in the life insurance business. ...
American International Group Inc. will add its U.S. life and financial services businesses to the rest of the assets it's putting up for sale so it can pay back its $85 billion loan from the U.S. Federal Reserve. Originally, newly appointed CEO Edward Liddy hoped to retain AIG's life insurance business; however, the insurer will restructure to primarily be focused on property and casualty. ...
