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AIG may park risky assets in new company: report

Thu Sep 4, 2008 6:20am EDT

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A sign on an office building for AIG, American International Group, is pictured in Los Angeles, California May 8, 2008. . REUTERS/Fred Prouser

(Reuters) - Insurer American International Group (AIG.N) is considering forming a separate company to hold risky credit assets, which have caused it record losses in the past three quarters, the New York Post reported.

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AIG is working with investment bank JPMorgan Chase to arrange the structure of the company, the Post said, citing people familiar with the matter.

No one was available at AIG for immediate comment.

(Reporting by Sweta Singh in Bangalore, editing by Will Waterman)
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