While AIG currently believes an initial public offering is the next step in the separation of the Life & Retirement business from AIG, no assurance can be given regarding the form that future separation transactions may take or the specific terms or timing thereof, or that a separation will in...
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or the American Life Insurance Company, the unit does its conventional insurance business overseas in more than 40 countries. Its counterparties on the swaps, though, are big United States banking companies.
re not looking to foment that unnecessarily, but what we want to do is give folks in Bridgeport and Hartford and other parts of Connecticut who are struggling and losing their homes and their jobs and their health insurance an opportunity to see what kinds of lifestyle billions of dollars in...
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Isacc Asimov, in a book called Foundation that Paul Krugman recently rated as one of the most influential on his life, related this fable: Once there was a man and a horse, who were both imperiled by a wolf. The man approached the horse, and said that if the horse would put its supe...
And the centerpiece of that regulatory reform is to prevent the $170 billion bailout of AIG type where a life insurance company morphs into a hedge fund, turns into a loss that is too big to fail and the government has to come in. The point of regulatory reform is to prevent that," ...
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