American International Group (AIG) has entered talks with a number of legacy companies about the disposal of a $5bn back-year P&C book as signs grow of a turning tide on its divestiture strategy.
Sources told this publication that AIG has provided high-level information and initiated sales talks with the handful of legacy companies large enough to take on the liabilities held in subsidiary Eaglestone Re.
Only five legacy players have the required scale or backing…Read more at The Insurance Insider