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AIG Looks to Re-Brand P-C Operations

A top American International Group official said the company made a "tragic" but necessary move last week in creating a corporate entity housing AIG's healthy property-casualty operations separately

By Staff Writer | Updated on March 09, 2009

A top American International Group official said the company made a “tragic” but necessary move last week in creating a corporate entity housing AIG’s healthy property-casualty operations separately from the parent firm’s “damaged brand.”

Last Monday, AIG announced the latest moves being taken to avoid bankruptcy–highlighted by the commitment of an additional $30 billion in federal bailout funds.

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