WASHINGTON–Former American International Group chairman and CEO Maurice “Hank” Greenberg said yesterday the company's renegotiated government bailout should help AIG efforts to sell off assets.
Mr. Greenberg made his comments in an appearance via video before the annual conference of the Captive Insurance Council of the District of Columbia.
Under its prior loan arrangement, AIG would have had to repay the government by selling assets within two years, and would have had to pay 14.5 interest on the loan annually.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
