American International Group Inc. agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to shareholders. The deal is valued …
AIG’s mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S. regulators, as part of a previously announced move to spin off the business. AIG announced in January it would spin …
American International Group Inc., which activist investor Carl Icahn is pressuring to divest assets, had the outlook on its credit rating changed to negative from stable by Standard & Poor’s after the insurer announced plans to sell a stake in …
American International Group Inc. has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist investor Carl Icahn. The spin-off …
