AIG to sell its Polish operations

American insurance company American International Group (AIG) is selling part of its business operations in Latin America and CEE to Canadian firm Fairfax Financial Holdings, Reuters reports. The cash value of the deal is estimated at $120 million. The change of ownership will impact operations in Argentina, Chile, Colombia, Uruguay, and Venezuela. In this part of Europe, AIG is shedding its subsidiaries in Poland, as well as several other CEE countries – Bulgaria, Czechia, Hungary, Romania, Slovakia – plus Turkey. The deal will be finalized next year.