Munich Re buying AIG's HSB unit for $742 million
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20081222/2008_12_22t075717_450x279_us_munichre_hsb.jpg?x=130&y=80&q=85&sig=R6_TxNTrTcPf_.p_QigLlw--" align="left" height="80" width="130" alt="American International Group Inc. (AIG) corporate headquarters in New York, November 10, 2008. (Mike Segar/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081222/bs_nm/us_munichre_hsb)Reuters - German reinsurer Munich Re (MUVGn.DE) will buy American International Group Inc's HSB Group for $742 million to expand its U.S. business, the companies said on Monday.</p><br clear="all"/>
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