New York — American International Group Inc. will sell its life insurance operations in the U.S., Europe, Latin America, South Asia and Japan, a Bloomberg report announced this morning. CNN also is reporting that it will sell some of its personal lines property/casualty businesses. As of now, no definitive deals currently are in place for any of its life or P&C assets.
The company said it will refashion itself into a global property/casualty insurer with a stake in an overseas unit that sells life policies in China, Korea and India, AIG CEO Edward Liddy said today in a conference call with analysts.
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