American International Group , which is in the process of selling assets to repay a massive U.S. government loan, has hired Bank of America to advise it on the sale of its U.S. personal lines business, sources familiar with the matter said Thursday.
The insurer also has hired investment bank Keefe, Bruyette & Woods to sell its Hartford Steam Boiler Inspection and Insurance Co. unit, these sources said.
These financial advisers are in addition to the Blackstone Group LP and JPMorgan Chase & Co., which are the global coordinators for the insurer’s divestiture program.
AIG and Bank of America declined to comment, while KBW could not be immediately reached for comment.
(Reporting by Paritosh Bansal; editing by Carol Bishopric)
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
Home Insurance Tops Property Taxes in Squeeze for US Households 
Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies 
Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion 
How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
