AIG announces important strategic restructuring

The American International Group (AIG) has revealed a significant restructuring program whose final objective is to make the Group more flexible.
Among other measures announced the split of the mortgage insurance subsidiary "United Guaranty Corporation" 20% of which will be listed on the stock exchange. AIG will also give up its consulting and brokerage business "AIG Advisor Group".

The plan developed by the group management is planning to reduce costs by 1.6 billion USD. AIG which has become profitable, will distribute, over the next two years,25 billion USd to its shareholders through dividends or share buybacks.