Selling of parts of failed insurer attracts high fee advisers
Morgan Stanley will be paid a $4m fee, a further $2.5m each quarter, plus expenses, to act as primary financial adviser for any AIG public sell-offs, Dow Jones reports.
Federal Reserve documents also showed that Ernst & Young will get $60m for advice relating to AIG. The firm charges as much as $775.
AIG recently reduced its $80bn debt to the government by $26 billion in a deal that gave the Fed preferred shares in some of the insurer's businesses that might be spun off.
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.
