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Saturday, September 27, 2008

AIG to Borrow $20 Billion From Its Own Subsidiaries

New York's governor said his state will allow AIG, the nation's largest insurer, to use $20 billion from its own insurance subsidiaries to ease a financial crunch. From which subsidiaries is the $20 billion going to be raised? Do not forget AIA Singapore is one of AIG's wholly owned subsidiary.

N.Y. Will Let AIG Borrow $20 Billion From Its Own Subsidiaries
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/15/AR2008091501213.html

AIG on Wikipedia (list of its subsidiaries included)
http://en.wikipedia.org/wiki/American_International_Group

AIA Singapore
http://www.aia.com.sg/

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