AIG continues to restructure and rebrand its more profitable divisions. In its latest plan, according to the Wall Street Journal, the company will realize some of the value in its vast property/casualty insurance business by divesting its holding company, AIU Holdings Inc., of its non-P&C businesses, leaving behind and for saleall of AIG's global property/casualty businesses.
In March, reports the Journal, when AIG first reported its plans to put its property/casualty businesses into a separate holding company, A.M. Best said the move could help "alleviate" customer concerns about growing losses in AIG's financial-products business.
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