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Troubled AIG may sell some of its UK operations
Oct 6 2008 Liverpool Daily Post
TROUBLED insurer American International Group is understood to be planning to sell some of its UK operations in a bid to repay its debt to the US Government, it was reported yesterday.
The group, which is the world’s largest insurer and employs 3,000 people in this country, was saved from the brink of collapse by a £48bn loan from Washington last month.
AIG announced on Friday that it now planned to focus on its main property and casualty general insurance business in the US and its foreign general insurance businesses.
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