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Among the pros and cons of a breakup of AIG is the effect on its credit rating, which Moody's says would have a negative effect.

American International Group, Inc. (AIG) executives are being pressured by well-known activist investor Carl Icahn to break the company up into three parts: one for Property and Casualty (P&C) insurance, one for Life insurance and the third backing mortgages. Icahn argues that the breakup would improve AIG’s financial position by theoretically removing the company’s systemically important financial institution (SIFI) designation (along with related capital requirements and regulations), as well as reducing costs and expense ratios.

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