Deals
AIG to Sell Central American Units to Assa Cia. de Seguros
- CEO Hancock is narrowing New York-based insurer's focus
- Sales have freed up capital for share buybacks, dividends
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American International Group Inc. agreed to sell operations in Central America to closely held Assa Cia. de Seguros, as the insurer continues to sell assets to free up capital.
The Panama-based holding company will acquire AIG businesses in that nation, as well as El Salvador, Guatemala and Honduras, according to a statement issued Thursday. Terms weren’t disclosed.