AIG is struggling to sell some of its non-core assets, its boss has admitted.

The beleaguered insurer has to dispose of the companies to repay a $156bn (£102bn) loan from the US government.

Ed Liddy, chief executive of AIG, said at a Hong Kong conference: “These are difficult times to undertake divestitures.”

AIG will almost certainly sell a large part of its Asian assets, which could fetch £6.7bn. Its stake in life insurer AIA could be worth about £13bn. It could also sell its American personal lines business for £6bn.

“Given the size and complexity of our businesses, however, we recognise that an announcement on these are a couple of months or more into the future,” Liddy said.

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.
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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