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AIG is seeking to highlight expansion opportunities, even as the focus for years has been on selling units, first to repay a U.S. bailout and then to simplify the insurer. (AP Photo)

(Bloomberg) – American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance operation said.

“We are very active in looking at any way to achieve growth, whether it’s organic or inorganic,” AIG Commercial CEO Rob Schimek said Monday in a conference in New York hosted by Barclays Plc. “I would say low billions, or hundreds of millions, is probably a range that I would consider” for a so-called bolt-on deal to strengthen one of his units.

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