Oct 30, 2009 (SmarTrend(R) News Watch via COMTEX News Network) -- 10/30/2009 - American International Group (NYSE:AIG) canceled the sale of two Japanese units Friday, AIG Star Life Insurance Co. and AIG Edison Life Insurance Co, according to a Wall Street Journal report. CEO Robert Benmosche said Friday after returning from Japan, "I have come to believe that we can obtain the greatest value for AIG Star and AIG Edison by continuing to operate and grow these companies as part of AIG." AIG has recently seen conditions improve and has been returning to stability, even seeing billions in collateral return from trades formerly thought to have gone sour.
Write to Chip Brian at cbrian@tradethetrend.com
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