property insurer

AIG to take $4.1 billion fourth-quarter charge

February 9th, 2011

Bailed-out insurer American International Group Inc said it will take a $4.1 billion fourth-quarter charge at its Chartis unit, and the U.S. government will allow it to retain $2 billion from recent sales to bolster capital at that unit.
AIG had been restructuring by selling business such as its AIG Star Life Insurance Co and AIG [...]