AIG Loses Star Power in Core Business

American International Group Inc. continues to lose key executives and underwriters to competitors in its core business that is meant to be preserved for shareholders as other units are readied for sale.

Dozens of employees have left the insurer's property-casualty units since the federal rescue of AIG in September. They have gone to major competitors such as Zurich Financial Services AG and ACE Ltd., as well as smaller firms, according to Advisen Ltd., which tracks the insurance industry.

The losses could be especially painful for the property-casualty units that cater to commercial customers, a part of the business where client ...

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