AIG plans sale of its 24% stake in IPC
Bermudian reinsurer IPC has announced that AIG has notified it of its intention to to sell up to 15.397 million of the IPC common shares it owns in a public offering, subject to market conditions.
AIG was the sponsoring shareholder of IPC in 1993 and has provided IPC with investment management, administrative and other services since then.
IPC said that these aspects of AIG's business
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