AIG mortgage insurance unit files for IPO of up to $100 million

March 30, 2016 10:59 PM

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AIG's (AIG.N) mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S. regulators, as part of a previously announced move to spin off the business.

AIG announced in January it would spin off the unit in an attempt to overhaul its operational structure in the face of pressure from investor Carl Icahn that the insurer split into three parts. AIG had said it would sell up to a 19.9 percent stake in United Guaranty.

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