Munich Re CEO says to look at AIG assets
SEOUL, Oct 2 (Reuters) - Munich Re (MUVGn.DE), the world's biggest reinsurer, will take a look at troubled U.S. insurance firm American International Group Inc (AIG.N) once details of assets to be sold are known, Munich's CEO said on Thursday.
Chief executive Nikolaus von Bomhard said in a television interview the company would look into AIG's assets it could potentially purchase once a sale package is announced.
His comments were confirmed by an official at Munich Re's Seoul office. The official could not be named as he was not authorised to talk to media.
Von Bomhard said Munich Re was not in talks with AIG yet.
AIG, which last week agreed to a $85 billion federal bailout, is under pressure to raise funds to pay off the federal loan. Analysts have said AIG would likely have to sell off some of its most valuable assets, including a highly-profitable aircraft leasing arm, and some insurance units.
AIG has already received bidding inquiries from top-tier firms, New York Insurance Superintendent Eric Dinallo, who oversees AIG's insurance unit sales, said on Wednesday. [ID:nN01505922] (Reporting by Rhee So-eui; Editing by Keiron Henderson)
