Two-year piecemeal sale may recover $47bn stake
The US Treasury Department is considering a two-year plan to dispose its majority $47bn (80%) stake in AIG by converting preferred stock into common shares for sale on the open market, Bloomberg reports.
If AIG agrees and there is sufficient investor demand, the plan could be announced as early as the fourth quarter.
“You don’t want to dump shares all at once into the market, you want to do it in an orderly way so the market can digest them,” said Charles Calomiris, a finance professor at Columbia Business School in New York. “It’s looking like taxpayers are going to get more of their money back,” he said.
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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.
