AIG exploring sale of $15bn variable annuity book

American International Group (AIG) is quietly holding
discussions with a number of buyers about the potential sale of a
book of old US variable annuity (VA) business, The
Insurance Insider can reveal.
Sources said that AIG is looking to sell on a tranche of VA
business with roughly $15bn of face value, and has been holding
talks with a number of interested parties for some time. Owing to
the small number of potential acquirers for the assets a full sale...