Insurance Post

AIG to raise further $590m following United Guaranty sale

money-waters1016

Following last year's sale of US mortgage insurer United Guaranty to Arch Capital, AIG has exercised several options.

On Friday AIG priced the sale through an underwritten public offering of 6,381,410 common shares of Arch Capital Group issued upon conversion of 638,141 convertible preferred shares of Arch received

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