New AIG CEO 'will announce sales list next week'

American International Group's (AIG) newest CEO Edward Liddy has announced that he expects a list of assets for sale to be compiled by next week, it has been reported.

American International Group's (AIG) newest CEO Edward Liddy has announced that he expects a list of assets for sale to be compiled by next week, it has been reported.

Mr Liddy became CEO of one of the once-biggest insurers worldwide only last week, and his first task is to ensure the company is split up in order to sell off valuable assets.

The sale is AIG's means of repaying a £45 billion loan from the US Federal Reserve which allowed the company to continue trading and avoid bankruptcy.

"We're going to take those assets which are probably very valuable, but can also be digested by buyers in relatively manageable bites, and we will simply start to market them," said Mr Liddy in a CNBC interview.

"I hope within the next seven to ten days to be out there with a plan that lists everything that's for sale and maybe even execute some of those transactions by then," he added.

Mr Liddy was appointed CEO of AIG last week as part of the shake-up involving the government bailout.

Previously, Mr Liddy had been CEO of insurer Allstate Corporation.