Instant Analysis: AIG Unloads Lloyd's-Related Assets in $1.1 Billion Deal

| September 20, 2016

Instant Analysis: AIG Unloads Lloyd's-Related Assets in $1.1 Billion Deal
Insurance giant American International Group (NYSE:AIG) is about to slim down a bit. The company has reached an agreement to sell Ascot, its Lloyd's of London platform, to the Canada Pension Plan Investment Board. The sale comprises AIG's 20% stake in specialty insurer Ascot Underwriting Holdings and its full stake in an associated unit, funding vehicle Ascot Corporate Name.

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