AIG in talks to sell Lloyd’s insurance business to CPPIB: Reuters
American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board, Reuters reported, citing a story by the Wall Street Journal. If the deal comes through, it could fetch the insurance conglomerate hundreds of millions of dollars in proceeds. CPPIB is also in talks to buy a related reinsurance company based in Bermuda, the Journal story said.
23 August 2016•2 mins read
