Copyright: | (c) 2010 The New York Times Company |
Source: | New York Times Digital |
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The unit, AIG Rail Services, is based in
In carrying out a plan to free itself from the government’s majority ownership stake, A.I.G. has sold several divisions. These include the international life insurance units American International Assurance, or A.I.A., and the
The initial offering of A.I.A. raised
A.I.G. has said that it plans to focus on a global property and casualty insurance business, Chartis, and a domestic life insurance operation, Sun America Financial. AIG Rail Services is a small part of the insurer’s financial services division. That unit also includes an extensive aircraft-leasing subsidiary, the
A possible price for AIG Rail Services could not be learned. The firm has hired
An A.I.G. spokesman declined to comment on the potential sale, saying only that “A.I.G. is committed to repaying the American taxpayers and its transactions are pursued with this in mind.”
A
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