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American Life Insurance Company (ALICO), American International Assurance Company, Ltd. (AIA) to Be Placed in Special Purpose Vehicles.

Publication: Business Wire
Publication Date: 25-JUN-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
AIG Positioning AIA and ALICO as Independent Operations

Federal Reserve Bank of New York to Own Preferred Interests in AIA and ALICO SPVs; Upon Closing, Debt Owed by AIG to FRBNY to Be Reduced by $25 Billion

NEW YORK -- American International Group, Inc. (AIG) today announced that it has entered into an agreement with the Federal Reserve Bank of New York (FRBNY) that will accomplish two key goals: reducing the debt AIG owes the FRBNY by $25 billion;...

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