Sources have revealed that the ailing insurer is trying to sell AIG Investments, according to news reports
American International Group (AIG) is seeking to sell its unit AIG investments in an effort to payback a government loan, according to reports.
The global asset-management unit could be sold for as much as US$2.1bn, according to Dow Jones Newswires.
AIG has said that it wants to shed assets that don’t focus on its core property and casualty business.
As well as AIG Investments the group is looking to sell several Asian life insurance units.
AIG posted a third-quarter net loss of US$ 24.47bn and it has received a government rescue package that totals US$150bn.