New York — In preparation to repay an $85 billion U.S. Federal Reserve loan that allowed it to avoid bankruptcy after taking losses on mortgage derivatives, AIG is expected to auction off assets. The assets could include AIG's operations in Asia, its aircraft leasing arm, stake in reinsurer Transatlantic Holdings, and consumer lending and variable annuities businesses. News outlets expect a list all of the AIG assets that would be put up for sale to be released seven to 10 days.
Reuters reports that AIG may list its international life insurance, foreign general and the domestic retirement business. Some of the big foreign players may be interested buyers in the United States on both life and property/casualty sides, says Credit Suisse Global, Switzerland, according to Reuters.
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