AIG Mulls Selling 15-Plus Businesses - TheStreet

Insurer

American International Group

(AIG) - Get Report

is considering selling more than 15 businesses to repay a loan of $85 billion from the government, the

Financial Times

reports.

AIG is considering selling its aircraft leasing unit, a stake in its large U.S. reinsurer and billions of dollars in properties, according to the

Financial Times

. AIG's board met Sunday evening to discuss the plan.

Cramer on AIG Rescue

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AIG

wants businesses such as its international

life insurance

unit and its U.S. pension businesses to be at the core of the "new AIG," the

Financial Times

reports, citing people close to the situation.

AIG must move quickly because it has to repay the government loan to prevent the U.S. government from taking control of the company.

This article was written by a staff member of TheStreet.com.