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CHARLOTTE, N.C. — The insurer American International Group Inc. said Friday that it plans to sell off a number of business units to pay off its massive government loan.
AIG, one of the world’s biggest insurers, didn’t specifically disclose all the assets it would sell or the expected prices from the sales. However, the New York-based insurer said it plans to retain its U.S. property and casualty and foreign general insurance businesses, and also plans to retain an ownership interest in its foreign life insurance operations.
