If AIG Can’t Sell AIA Unit, then it Must IPO the Unit
Posted on 08/13/2010
Now that American International Group (AIG) failed to sell American International Assurance (AIA) to UK’s Prudential, it is now planning a possible initial public offering for the Asian insurance unit. Granted sovereign wealth funds have said they are cautious of investing in financial institutions, this seems like a plausible deal. Insurance is a different business […]
