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Investigation of A.I.G.'s Deals Moves Offshore |
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Monday, 01 October 2007 |
Regulators are examining whether the American International Group has in recent years burnished its results by striking deals with offshore insurers that appear to be independent companies but that may in fact be affiliates of A.I.G. If these companies are indeed A.I.G.'s affiliates, the transactions between them may not involve a true transfer of risk and may run afoul of insurance accounting rules.
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