AIG negotiates the sale of its insurance activities in the United Kingdom

As part of its restructuring program, American International Group (AIG) is intending to cede its insurance activities in the UK to the Canada Pension Plan Investment Board (CPPIB).

This new project comes a month after the sale of its subsidiary United Guaranty Corporation (UGC) to the Bermudian Arch Capital Group.

The US insurer believes that these sales transactions will generate significant cost reductions, which will allow it to distribute 25 billion USD to shareholders through dividends or share buybacks.

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