AIG's recent transactions: to repay federal aid, AIG has been selling assets.* Nippon Life, AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group announced its Tokyo headquarters will be sold to Nippon Life Insurance Co. for about $1.2 billion. The sale is expected to close during the second quarter 2009. * AIG Commodity Index. AIG closed on the sale of the DJ-AIG Commodity Index to UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Investment Bank for $15 million. * DARAG Deutsche Versicherung und Ruckversicherungs-AG, AIG said it will sell its interest in DABAG to Augur Capital AG. Terms were not disclosed. * 21st Century. AIG will sell 21st Century Insurance Group to Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group for $1.9 billion. * AIG Private Bank, AIG closed on the sale of the entire share capital of AIG Private Bank to Aabar Investments for $253 million, and the purchase and assumption of $55 million of intracompany in·tra·com·pa·ny adj. Occurring within or between the branches of a company: an intracompany network. loans. * AIG Retail Bank Public Co. Ltd. and AIG Card (Thailand), AIG closed on the sale to Bank of Ayudhay Public Co. Ltd. for an estimated $45 million, plus the repayment of intragroup indebtedness of $496 million. * Hartford Steam Boiler, AIG closed the sale of HSB (Hue Saturation Brightness) A color space that is similar to the way an artist mixes colors by adding black and white to pure pigments. The pigments are the hues (H), measured in a circle from 0 to 359 degrees (0=red, 60=yellow, 120=green, 180=cyan, 240=blue, to the Munich Re Group for $739 million, plus the assumption of $76 million of outstanding HSB capital securities. * AIG Life of Canada. AIG completed the sale of AIG Life of Canada to BMO BMO Bank of Montreal (Canada) BMO Before Market Open BMO Biometrics Management Office BMO Ballistic Missile Office BMO British Mathematical Olympiad BMO Balkan Mathematical Olympiad BMO Business Management Office Financial Group for $263 million. * AIG Financial Products closed the sale of its interests in three Spanish solar photovoltaic plants from its energy and infrastructure book. Terms were not disclosed. * PhilAm Savings Bank, PhilAm Auto Finance & Leasing Inc. and PFL 1. (language) PFL - A concurrent extension of ML by Holmstrom and Matthews, using CCS. ["PFL: A Functional Language for Parallel Programming", S. Holmstrom in Proc Declarative Language Workshop, London 1983]. 2. Holdings Inc, East West Banking Corp. completed its acquisition of AIG's Philippines consumer operations. Terms were not disclosed. * AIG Financial Products closed on interests in two transactions and related commodity hedges from its energy and infrastructure book of business for $60.5 million. * Tenaska, AIG and Tenaska announced Tenaska will repurchase the interest in Tenaska Marketing Ventures and Tenaska Gas Storage. Terms were not disclosed. * Unibanco. Unibanco and AIG entered into an agreement to repurchase their cross-holdings in Unibanco AIG. Terms were not disclosed. Source: A.M. Best news reports |
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