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Latest move helps allay buyer fears.

Publication: Business Insurance
Publication Date: 09-MAR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Latest move helps allay buyer fears.(News)(American International Group Inc.)

Article Excerpt
Byline: SALLY ROBERTS

NEW YORK-American International Group Inc.'s decision last week to spin off its property/casualty operations into a separate holding company was welcomed by several risk managers, but some remained concerned about AIG's struggles.

Several insurance buyers contacted by Business Insurance expressed support for the move, saying it further distances AIG's insurance operations from its parent's troubles, but others remain skeptical about whether the move will end concerns hanging over the property/casualty operations.

As part of a major restructuring effort, AIG said last week it would create AIU Holdings Inc. (see related story).

The spinoff is part of AIG's latest federal rescue plan that includes up to $30 billion in additional...



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