US government to swap 80% holding for stakes in three units
AIG and the US authorities are in talks to split the stricken giant in three, the FT reports.
Under the plan the government would swap its 80% holding for large stakes in three units - AIG's Asia's operations, its international life assurance business and the US personal lines business.
A fourth unit consisting of AIG's troubled assets could also be formed. People close to the situation said AIG could announce the overhaul on Monday.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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