We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

AIG To Spin Off Property Casualty Operations

Law360 (March 10, 2009, 12:00 AM EDT) -- American International Group Inc. is taking steps to restructure by forming a new holding company that will house its commercial insurance group, its foreign general unit, and other property and casualty operations.

The New York-based insurer announced on March 2 its plans to establish AIU Holdings Inc. AIU will have a board of directors, management team and brand that are set apart from AIG.

“The establishment of AIU Holdings Inc. will assist AIG in preparing for the potential sale of a minority stake in the business,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.