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American International Group (AIG Quote) will spin off its Asian life insurance unit in a $5 billion to $10 billion Hong Kong initial public offering in the first quarter of next year, according to a Dow Jones Newswires report. AIG will likely sell one-quarter to one-third of American International Assurance and maintain majority control of the operation, according to a person familiar with the

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¡¡American International Group (AIG Quote) will spin off its Asian life insurance unit in a $5 billion to $10 billion Hong Kong initial public offering in the first quarter of next year, according to a Dow Jones Newswires report. AIG will likely sell one-quarter to one-third of American International Assurance and maintain majority control of the operation, according to a person familiar with the

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¡¡American International Group (AIG Quote) will spin off its Asian life insurance unit in a $5 billion to $10 billion Hong Kong initial public offering in the first quarter of next year, according to a Dow Jones Newswires report. AIG will likely sell one-quarter to one-third of American International Assurance and maintain majority control of the operation, according to a person familiar with the

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¡¡American International Group (AIG Quote) will spin off its Asian life insurance unit in a $5 billion to $10 billion Hong Kong initial public offering in the first quarter of next year, according to a Dow Jones Newswires report. AIG will likely sell one-quarter to one-third of American International Assurance and maintain majority control of the operation, according to a person familiar with the