AIG offloads NSM stake

AIG has offloaded a controlling stake in managing general agent and
insurance programme administrator NSM Insurance Group, just over a
year after it took over the firm.
The insurance giant is selling a portion of the business back to
ABRY Partners, the private equity investment firm it brought NSM
from in March last year.
In a statement, AIG announced said that it would form a joint
venture with the company as it looks to leverage its strategic
relationship with NSM,...