AIG to receive $590M from the sale of Arch Capital’s stock

Mortgage

American International Group will receive $590 million in gross proceeds from the sale of a portion of the Arch Capital Group stock it received in the United Guaranty Corp. transaction.

Arch paid $3.4 billion for UG, with $2.2 billion of that in cash and the remainder in stock when the deal closed at the end of last year.

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