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 sale—all 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.

In an effort to repay government bailout funds, AIG reportedly plans to buy back its equity interests in some of its non-property/casualty businesses, such as International Lease Finance Corp., United Guaranty Corp. and Transatlantic Holdings Inc. (TRH) from the special-purpose vehicle.

A.M. Best gave positive marks to AIG for a similar plan to put its life insurance operations into a special-purpose vehicle.

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