NU Online News Service, MAY 18, 1:59 p.m. EDT
American International Group Inc. said today it will "accelerate steps" to spin off its Asian life insurance operations into a company that would be listed on an Asian stock exchange.
The decision for the unit, one of the conglomerate's premier properties, was announced in Hong Kong. The move is consistent with comments the firm made when it reported year-end earnings March 2.
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