SINGAPORE: Hundreds of anxious investors thronged the Singapore office of a unit of American International Group (AIG) to redeem their policies yesterday, on fears the US insurance giant could be the next financial firm to tumble.
American International Assurance, a wholly-owned subsidiary of AIG, pinned up an article from a local paper headlined “AIA policyholders get assurance” at its entrance, but that did not deter wary investors who are facing a deluge of bad news after Lehman Brothers filed for bankruptcy protection on Monday.
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