Continuing attempts to wind down Financial Products unit
AIG has sold its lease equity interest in the Bruce Mansfield power generation plant operated by FirstEnergy for $1.9bn as part of its winding down of its Financial Products' business, Dow Jones reports.
Reuters quoted AIG Financial Products chief operating officer Gerry Pasciucco as saying: "The completion of the sales effort for this portfolio is a significant milestone in the ongoing process of winding down AIGFP's business."
Pasciucco was brought in by AIG last year to oversee the process of reducing trillions of dollars in trading positions and liabilities held by the unit.
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.
