The former insurance giant wishes to start talks with the new secretary to the treasury in order to make a point: the sizable presence of the State restricts any private investment and the 10% dividend rate on preferential shares remains high.
AIG has promised to pay off its debt to the State as soon as the sale of its assets progresses. In December AIG ceded its Swiss private bank to Aabar Investments PJSC for the sum of 397 million CHF (254 million USD). AIG has also ceded its shares in TMV to the group Tanaska. The first Polish insurer PUZ has voiced its interest in some of the group's activities in central and Eastern Europe. The bank PKO BP, on its part, has started talks for the takeover of AIG bank's branch in Poland.
In Brazil, Unigo de Bancos Brasileiros (Unibanco) has acquired shares detained by AIG in Unibanco AIG Seguros Sa (UASEG); it will be renamed Unibanco Seguros. AIG, on its part has retaken the shares held by Unibanco in AIG Brasil. The amount of this move has not been disclosed.
Despite this cession, AIG Brasil is committed to pursuing collaboration with Unico Seguros in the field of industrial risks and reinsurance.
