American International Group, Inc. (AIG) Financial News - Centerbridge, TPG Said to Be Among Bidders for Anglo Irish Loans

American International Group, Inc. (AIG)

Centerbridge, TPG Said to Be Among Bidders for Anglo Irish Loans

Quote: Deutsche Bank AG (DBK)American International Group Inc. (AIG)BlackRock Inc. (BLK), the people said. Anglo Irish, based in Dublin, is seeking to unload the loans, backed by buildings from Manhattan to Beverly Hills, California, after being nationalized two years ago. The competition underscores the appetite for real estate by private- equity firms that are pushing deeper into acquisitions as they seek profits beyond corporate buyouts. FTI Consulting Inc. (FCN) are advising Anglo Irish on the sale, the people said. The portfolio has been divided into eight pools, with the largest consisting of $2.26 billion of distressed office and industrial loans, according to an offering document from Eastdil. ...
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American International Group, Inc. Stock Summary

American International Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management. The General Insurance segment underwrites various business insurance products, including large commercial or industrial property insurance, excess liability, inland marine, environmental, workers? compensation, and excess and umbrella coverages. It also offers various specialized forms of insurance, such as aviation, accident and health, equipment breakdown, directors and officers liability, difference-in-conditions, kidnap-ransom, export credit and political risk, and professional errors and omissions coverages. In addition, this segment provides property and casualty reinsurance products to insurers; automobile insurance products; residential mortgage guaranty insurance products; and commercial and consumer lines of insurance products. The Life Insurance and Retirement Services segment offers individual and group life, payout annuities, endowment, and accident and health policies, as well as retirement savings products consisting of fixed and variable annuities. The Financial Services segment provides commercial aircraft and equipment leasing, capital market operations, consumer finance, and insurance premium financing. The Asset Management segment offers investment-related services and investment products to individuals, pension funds, and institutions. The company was founded in 1967 and is based in New York, New York.