AIG Auction of Auto Insurer Said to Stall as Zurich Withdraws
Feb 26th, 2009 | By | Category: Insurance Today(Bloomberg) – American International Group Inc., the insurer selling units to repay a government loan, may pull its U.S. auto unit from the market after Zurich Financial Services AG withdrew an offer, two people familiar with the matter said.
The auction of 21st Century Insurance, which AIG expected to generate about $2 billion, stalled after the [...]