World's biggest insurance company may sell to pay debts
Sunday, 5 October 2008
Print
Email
Troubled insurance company American International Group is reportedly planning to sell some of its UK operations in a bid to repay its debt to the US Government.
AIG, the world's largest insurer, was saved from the brink of collapse by an 85 billion dollar loan from the US government last month.
The group has already put three of its Japanese life insurance companies up for sale to pay off the massive debt.
It is now thought it may sell off some of its UK operations as well.
Post a comment
Limit: 500 characters
View all comments that have been posted about this article
Offensive or abusive comments will be removed and your IP address logged and may be used to prevent further submissions. In submitting a comment to the site, you agree to be bound by BelfastTelegraph.co.uk's Terms of Use.
Posts submitted in UPPERCASE letters will be rejected.
Also in this section
- Hudson's brother-in-law arrested on murder warrant
- Hillary Clinton confirmed as Obama's Secretary of State