AIG looks to sell 15 businesses to secure position

AIG, the stricken US insurer, is considering selling more than 15 businesses, including its aircraft leasing unit, a stake in a large US reinsurer and billions of dollars in properties in an effort to repay a $85bn government loan and secure its future as an independent company.

The board of AIG, which was de facto nationalised this month when the US administration stepped in with an...