Market Overview

American International Group (AIG) Seeks $2.2 Billion More From Treasury


According to Bloomberg, American International Group (NYSE: AIG), the rescued insurer, drew $2.2 billion more from U.S. Treasury to strengthen its property-casualty unit.

The company owes $182.3 billion to the U.S. government and its CEO, Robert Benmosche, has said that the company would divest two life insurance businesses and build new businesses to repay the loans taken from the government.

The $2.2 billion were used to redeem securities that were held by the company's insurance subsidiaries. This will help the insurer boost liquidity and capital adequacy ratio.


Related Articles (AIG)

View Comments and Join the Discussion!

Posted-In: News Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at