AIG to sell LatAm and CEE operations

AIG has agreed to sell its Latin American and central and
eastern Europe (CEE) operations to Fairfax Financial for a cash
consideration of $240mn.
As part of the agreement, AIG will sell its local commercial and
consumer insurance operations in Argentina, Chile, Colombia,
Uruguay, Venezuela and Turkey to Fairfax.
Fairfax will also acquire renewal rights for the portfolio of
local business written by AIG's CEE operations in Bulgaria, the
Czech Republic, Hungary, Poland, Romania and Slovakia, and