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AIU says raised $500m from Transatlantic share sale

    • Anthony Gould

    • Indicative reading time: 1 minute

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AIU Holdings has said it has raised $500m from the sale of its share in US reinsurer Transatlantic Re.

The transaction demonstrates progress toward the sale of AIU Holdings' - the P&C part of failed US insurer AIG - interests in TRH, and advances its previously announced strategy to sell non-core

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