Insurer’s shares rise 43%.

AIG, the world’s biggest insurer which was effectively nationalised by the US Government last week, will have a list of assets to sell by next week.

Edward Liddy, AIG’s new government-appointed chief executive, said he was looking to make quick sales, perhaps even within the next seven to ten days.

Shares in the beleaguered insurer rose 43% yesterday on the news. Investors hoped that quick sales would enable AIG to pay the US Government back its $85bn loan quickly.

Assets that might be put up for sale include AIG’s aeroplane leasing business, International Lease Finance Corp, and its US life insurance and annuity arm Amercian. General. In the UK there has been speculation that it could dispose of its underwriting business ascot.

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