Government would own 90% of AIG but sell shares slowly
AIG is in talks to repay US taxpayers in full to get its independence, possibly turning $49bn of government preferred shares into common shares, by mid 2011, The Wall Street Journal reports.
The government's stake in AIG would rise to above 90%, from 79.8%, but the common shares would then be gradually sold off over several years.
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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.
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