Informa Insurance News 24
NEWS IN BRIEF
Shares of New York-based AIG...
lost 6.56% of their value on Friday after reporting a large Q4 writedown, falling to $46.86, near to where its shares traded 10 years ago. Meanwhile, the group also said at the weekend that Joe Cassano is stepping down as CEO of AIG Financial Products, the unit that was responsible for the mammoth write-down.