American International Group, as part of the firm's move to liquidate assets, will change the name of its AIG Direct auto insurance unit back to 21st Century Insurance.
In another move, AIG was reported to be near completion of arrangements to sell off its aircraft leasing unit, International Lease Finance Corp. in Los Angeles. Spokesperson Peter Tulupman said he could not comment.
Mr. Tulupman said the name change for the auto unit would take place in January. AIG Direct is the company's direct personal lines automobile insurance operations. AIG Agency Auto provides personal lines insurance through a network of independent agencies and brokerages throughout the United States, and AIG Hawaii.
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