AIG sells its interest in Ascot subsidiaries but commits to Bermuda


American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan.

AIG, Ascot, CPPIB, Insurance, Reinsurance, Bermuda, North America

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