Erosion of confidence in AIG prompting commercial policyholders to look elsewhere - Marsh
(BestWire) — An erosion of confidence in American International Group is prompting commercial policyholders to question whether to hold onto AIG insurance coverage or seek new insurance underwriters, according to a webinar held Sept. 24 by worldwide broker Marsh. The webinar followed news that AIG had signed an $85bn bridge-loan agreement with the United States Federal Reserve Bank, effectively saving the company from bankruptcy.
Under the agreement, AIG's parent will be owned by the Federal Reserve Bank, said Paul Sherbine of Marsh's global markets analysis group. Most important to policyholders, the loan facility secured by
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