Failure to sell means businesses handed to US government
Troubled US giant AIG may scrap a plan to repay a $60bn US government loan by selling businesses, after failing to find enough promising bidders, Bloomberg reports.
It claims AIG is proposing different ways to reduce the company’s debt to the US government including handing over stakes in some operations directly.
Most likely is the non-US life insurance businesses, which AIG has struggled to sell
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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.
