American International Group (AIG) is quietly holding discussions with a number of buyers about the potential sale of a book of old US variable annuity (VA) business, The Insurance Insider can reveal.
Sources said that AIG is looking to sell on a tranche of VA business with roughly $15bn of face value, and has been holding talks with a number of interested parties for some time. Owing to the small number of potential acquirers for the assets a full sale…Read more at The Insurance Insider