American International Group (AIG) chose Bank of America , Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co., to manage the sale of the government’s 92 percent stake in the insurer, a person familiar with the situation said Tuesday.
Sources have said that the process likely will begin with a secondary offering in May that could be one of the 10 largest in history. The government is expected to sell at least $15 billion in AIG shares then, and the company is expected to sell another $3 billion on top of that.
(Reporting by Ben Berkowitz. Editing by Robert MacMillan)
Copyright 2026 Reuters. Click for restrictions.
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims 
Experian Launches Insurance Marketplace App on ChatGPT 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
