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AIG injects $856 mln into Alico to boost capital

Tue Sep 30, 2008 10:29pm EDT

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TOKYO, Oct 1 (Reuters) - Alico Japan, the Japanese unit of American Life Insurance Co, has received 90.7 billion yen ($856 million) in capital from its parent company to strengthen its capital, it said.

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Alico Japan said the funds were received on Monday from American Life Insurance Co (ALICO), and boosted its capital to 323 billion yen.

ALICO, which operates as a life insurer in more than 55 nations and regions, is part of American International Group Inc (AIG.N), once the world's largest insurer, which was forced to seek a U.S. government rescue last month after its shares crashed. ($1=106.01 Yen) (Reporting by Junko Fujita)

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