Press Releases

AIG, New York

03/08/2010

AIG to sell Alico to MetLife for approximately $15.5 Billion.

Transaction unlocks significant value for AIG to repay the U.S Government, including $6.8 billion in cash to Federal Reserve Bank of New York upon closing.

ALICO, New York

12/01/2009

AIG moving forward with separation of Alico. Alico placed in special purpose vehicle.

AIG closes two transactions that reduce debt AIG owes federal reserve bank of New York by $25 billion. AIG places American Life Insurance Company (Alico), American International Assurance Company, Ltd. (AIA) in special purpose vehicles.

ALICO, New York

06/25/2009

AIG moving forward with accelerated separation of Alico. Alico to be placed in special purpose vehicle and positioned as independent global franchise.