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AIG may need more cash due to restructuring

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    A spokesman declined to say how much it will pay the firm for these services.

    Spending at AIG has come under scrutiny since the federal bailout, leading the insurer to cancel several events it had planned, freeze bonus plans for officers of the financial products unit, and stop severance payments to former chief executive Martin Sullivan.

    AIG, which had been the world's largest publicly traded insurer, was pushed to the brink of bankruptcy by losses on credit default swaps it wrote to guarantee mortgage-linked debt.

    Saved by the $85 billion federal bailout in mid-September, and the additional line of credit, AIG is scrambling to sell off parts of its business outside its insurance core in a bid to quickly pay off the government debt, which carries heavy interest and fees.

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