March, 2 Government has announced another bailout for AIG.
And perhaps the article states that it will not be the last.
AIG has reported a huge loss of $61.7 billion in the 4th quarter.
I am currently in Japan and most of the news channel is talking about this case.
However, what I felt different from watching American news is that they talk much about the companies which are functioning under AIG such as
-ALICO Japan
-AIG Edison
Since the first bailout, those 2 companies were trying to find the buyer of the company.
And at one point Aflac was considering the purchase of Alico.
However, that proposal has gone away.
What I belive is that , Alico Japan is separate from AIG's business structure and they should be having business according to japanese laws.
Moreover, if they have differnt business structure, I will not be surprised if they carry different type of risk management strategy.
Believe it or not these companies are proposing strong solvency ratio and guaranteeing a strong asset management.
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