AIG (AIG) Set To List Asian Life Arm

American International Group (NYSE: AIG), the global insurance group that is 80% owned by the government, intends to list its Asian life insurance unit on the Hong Kong stock exchange, sources familiar with the matter said Thursday.

Analysts said AIG could expect to earn $20 billion from the listing of American International Assurance. The company has already exchanged its stake in A.I.A. for payment on a $16 billion loan that was due to the New York Federal Reserve.