AIG one of the largest group in the world sold its business at around $379.5 million. This company sold a majority of finance business held by them to WinTrust Financial Corporation.
WinTrust Chief Executive Officer is taking AIG knowing that the company had been offered a bail of about $182.5 billion to prop out the losses tied to home loans. This deal is a step in fulfilling expansion to life insurance finance business.
WinTrust financial corporation has most of the Credit employers involved in financing the life insurance premiums and leased office spaces in Jersey City, so that one can continue to service the portfolio.
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