Briefly…More Restructuring for AIG?

AIG could face radical restructuring in the coming weeks. After two government bailouts, a third could see the troubled insurer split into three separate units: its U.S. personal lines business, its Asian insurance operations and its global life business, according to a Financial Times report. The company is expected to report heavy losses early next week. Its board is slated to meet March 1, and the U.S. Senate Banking Committee will examine the insurer’s government aid to date at a March 5 hearing.

This story was originally published by Canadian Insurance Top Broker.