AIG Loses Car Insurance Suitor in Fresh Blow

Already one of the biggest corporate casualties of economic Meltdown, is facing another setback in the Zurich Financial, the preferred bidder in an attempt to car insurance arm sale, 21st Century, has withdrawn from the auction. AIG, which seeks to share any way you can repay the loans that the U.S. government helped to preserve the liquidity of financial support, he began to auction off with a delay of last year. AIG had over the last weeks of talks with Zurich entered in the sales unit, which can fetch up to $ 2BN (1.4 billion), but the Swiss company pulled out.