Copying and distributing are prohibited without permission of the publisher
ANALYSIS: Benmosche confident AIG will make it following AIA and Alico deals
10 March 2010
With the news that AIG is selling Alico to MetLife and AIA to Prudential, Reactions assesses how far AIG still has to go to pay off its debts to the US government.
Read more:
[american international group]
[aig]
[alico]
[prudential]
[metlife]
With the news that American International Group (AIG) is selling American Life Insurance Company (Alico) to MetLife, and its Asian life insurance subsidiary, American International Assurance (AIA) to Prudential, Reactions had a look at the extent to which these deals will enable help AIG repay its debt to the US government.
In the past two weeks AIG has reached agreements on the biggest-ever insurance-related M&A deal, with its sale of AIA, and the sixth largest, with its Alico deal.
The New York Times reported that despite the combined proceeds from the deals, the outstanding debt of roughly $50bn is likely to keep growing, because although the company has not accessed the full amount of the government bail-out of $182m, every few months it taps a billion or two billion more. However, Mark Herr, an AIG spokesperson, told Reactions that in reality balance is being restored. “Over time the company...
You must be logged in to view this page.
If you are already a registered user please log in here.
Alternatively, you can request a free trial or subscribe. For more information contact sdexter@euromoneyplc.com or call +44 (0) 20 7779 8223.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
