AM Best comments on AIG restructure plan
AM Best has commented that the ratings and outlook of the property/casualty subsidiaries of AIG remain unchanged following the company's announcement of the acceleration of its restructuring and re-branding of its global property/casualty operations, AIU Holdings.
In a statement it said: "While capital and surplus remain unchanged, the quality of capital in these subsidiaries is expected to improve as these investments in these AIG affiliates will be exchanged
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