gulfnews : AIG accommodate approves mark-down of non Life insurance.
Wednesday, March 10th, 2010New York: American International Group's cabinet of directors approved the exchange of a non-US guaranty disunity to MetLife, according to two kin with knowledge of the matter. An deal to sell AIG's American Life Insurance Co. may be announced as soon as this weekend, said the people, who declined to be identified because the come out was private. The guerdon under powwow had been about $15 billion (Dh55 billion), other family with discernment of the ball game said. The deal to denude Alico, which operates in more than 50 countries including parts of Europe, Latin America and Japan, would be AIG's newer involving an abroad life-force portion this month.
The insurer said March 1 it will stock AIA Group, with customers in nations including China, India and Vietnam, to Prudential Plc for $35.5 billion. AIG is auctioning assets to pay back a US freeing that swelled to $182.3 billion. "AIG's alien spark of life security operations have always been one of the company's top jewels," Chief Executive Officer Robert Benmosche said in a February 26 symbol to shareholders.
