Monday, November 21, 2011

Insurance AIG will pay back debts to the State

The Prudential business has a value of 35.5 billion dollars.
By the financial crisis seriously damaged the U.S. insurer AIG
dissolves to some extent from state custody.
Through the $ 35.5 billion ($ 26.2 billion) sale of its heavy Asian
business to British competitors Prudential he may pay a portion of its
debt to the taxpayer. This is the single most important step on the
way back to independence, said AIG CEO Robert "Bob" Benmosche on
Monday in New York.
From the purchase price in cash flow $ 25 billion. This money goes
entirely to the American government. The rest are shares and other
securities from the Prudential. AIG also wants to make this liquid
over the short or long. The U.S. government had to pump more than 182
billion dollars over the once world's largest insurance company in
order to keep him in the financial crisis to collapse. Thus the state
is now about 80 percent of the largest shareholders.
The brokers cheered the prospect of again independent AIG: The
premarket price jumped up by about 14 percent. The buyer it Prudential
went down to the same extent. Because for the purchase of the British
for their part, fall in costs: On the issue of new shares are to come
in $ 20 billion in debt for another 5 billion dollars of the company.
The AIG subsidiary American International Assurance Company (AIA)
sells mainly life insurance. She has more than 23 million customers in
Asia. 23 500 people work for the company.