AIG is selling just one of its three Japanese entities

Contrary to what was announced a year ago, AIG is reassessing the Japanese assets it intends to cede. Because very few candidates came forward and as the financial situation is recovering, Robert Benmosche, CEO of the American group, has confirmed that AIG Star Life Insurance and AIG Edison Life Insurance will stay home while Alico Japan, another subsidiary of AIG, will either be sold or split up into several entities.