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View Full Version : AIG to sell stake in life insurance JV to Tata



IndiaInsurance
18th September 2009, 04:34 PM
After exiting from its IT outsourcing outfit, financially battered American International Group (AIG) is now gearing up to sell its 26 per cent stake in Tata AIG Life Insurance to its Indian partner. Tata, which holds 74 per cent in the life insurance joint venture, has roped in consulting and auditing firm KPMG to structure the deal. However, AIG will continue in another joint venture, Tata AIG General Insurance.

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