AIG Hires Firms to Advise on Sale of Assets Including Hartford Steam
The insurer also has hired investment bank Keefe, Bruyette & Woods to sell its Hartford Steam Boiler Inspection and Insurance Co. unit, these sources said.
These financial advisers are in addition to the Blackstone Group LP and JPMorgan Chase & Co., which are the global coordinators for the insurer’s divestiture program.
AIG and Bank of America declined to comment, while KBW could not be immediately reached for comment.
(Reporting by Paritosh Bansal; editing by Carol Bishopric)
Copyright 2024 Reuters. Click for restrictions.