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... Court for the Western District of New York, David G. Larimer, J. COPYRIGHT MATERIAL OMITTED C...American International Life Assurance Company of New York, ...
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NEW YORK (AP) -- American International Group Inc. today slashed the amount of money it owes the government by $25 billion as it moved two subsidiaries into special holding units ahead of their planned spinoff or sale.
AIG moved American International Assurance Co. and American Life Insurance Co. into special purpose vehicles, which are used ahead of a move to separate a unit from a parent company. The government is receiving preferred equity stakes in the two life insurance companies worth $25 billion in exchange for a reduction in the amount of money AIG owes the government.
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... Court for the Southern District of New York (Laura Taylor Swain, Judge) entered November 14, 2...American International Life Assurance Co. of New York, 112 ...
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Some of the agency's products include American International Group, Inc., American Family Life Assurance Company (AFLAC), Allstate Insurance Co., and Metropolitan Life Insurance Co. Vaughn and Terrence Engels, senior partner, equally own the agency they started in 1988.
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NEW YORK -- American International Group Inc. said Thursday it will reduce outstanding federal loans by $25 billion by giving the government a preferred stake in two units that will be spun off from the insurance giant.
AIG is placing two life insurance subsidiaries -- American International Assurance Co. and American Life Insurance Co. -- into special purpose vehicles ahead of planned initial public offerings. SPVs are entities sometimes set up ahead of the spin-off or sale of a unit to separate its operations from the parent company.