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AIG Said in Talks to Sell Mortgage Unit to Arch for $3.4B

AIG Said in Talks to Sell Mortgage Unit to Arch for $3.4B

August 15, 2016
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American International Group Inc. is in talks to sell its mortgage insurer, United Guaranty Corp., to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to shareholders, according to a person familiar with the matter.

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