AIG plans to sell non-insurance business in India

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Mumbai, Oct 8: is confident the company will be able to pay back the $85-billion loan from proceeds of the sales,” Liddy is reported to have said.

He said he would prefer that the sales of AIG assets be made sooner rather than later in large transactions with brand name companies with strong ratings.

He said there has been plenty of interest among potential buyers. “We have already been contacted by numerous strong, stable parties, and we expect that buyers will recognise the value of these properties… Our goal is to emerge from this process as a smaller but more nimble company that is solidly profitable and has good long-term growth prospects,” Liddy is quoted as saying.