NU Online News Service, Dec. 28, 11:25 a.m. EST
While its chief executive declared that it can "see the finish line" to paying back the Government bailout, American International Group Inc. proved it can raise money from private investors after announcing a series of multi-billion dollar private sector loan agreements.
The $4.3 billion loan agreements, announced yesterday, is considered a big step for the New York-based insurer, which is trying to carry out a plan to repay a massive government bailout from September 2008.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
