Life Insurance Health

August 19, 2011 at 12:28 am ? Filed under Life Insurance News

WASHINGTON ? American International Group Inc. has paid a U.S. supervision $2.15 billion after offered off a life word subsidiary, pleat a financial bailout change to roughly $51 billion.

The Treasury Department pronounced Thursday that a amends comes from AIG?s sale of a Nan Shan Life Insurance Co. in Taiwan. AIG has now paid behind $11.4 billion of a $68 billion in bailout supports it perceived from a supervision during a tallness of a 2008 financial crisis.

The supervision sole 200 million AIG shares in May. That cut a government?s interest in a association from 92 per cent to 77 per cent. Treasury officials have pronounced they design to replenish a full volume of a bailout.

Robert Benmosche, a boss and CEO of New York-based AIG, pronounced a sale of Nan Shan was ?a good outcome for American taxpayers, for AIG and for Nan Shan?s policyholders, employees and agents.?

?We continue to make swell in assisting a Treasury and taxpayers replenish their investment in AIG,? Benmosche pronounced in a statement.

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Source: http://lifeinsurancehealth.net/aig-repays-2-15-billion-to-governments-bailout-program-following-life-insurance-unit-sale/

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