Articles by Paritosh Bansal

AIG Reportedly Facing $60 Billion Loss; In Talks For More Government Aid

American International Group Inc., rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be the biggest loss …

AIG to Sell Tokyo Building, Puerto Rico Hotel, Dubai Properties

American International Group has put a prized building in Tokyo up for sale and is in advanced talks to sell a hotel in Puerto Rico and two office buildings in Dubai, a top executive said Thursday. The sales are part …

Report: AIG in Talks to Sell Auto Insurance Unit to Zurich

American International Group is in advanced talks to sell its U.S. auto insurance unit to Swiss insurer Zurich Financial Services AG, a source familiar with the matter said Tuesday. The auto insurance business is expected to fetch around $2 billion, …

AIG to Sell Latin American Consumer Finance Units

American International Group Inc is selling its consumer finance businesses in Latin America, including a unit in Colombia it bought just last year, as the insurer sheds assets to pay back the U.S. government, according to sources familiar with the …

AIG Gets Bids for Aircraft Leasing Unit; Shops Asset Manager

American International Group Inc., moving ahead with asset sales, has received the first round of bids for its aircraft leasing unit, and is expected to start shopping its asset management business soon, people familiar with the matter said Monday. AIG …