BUSINESS

AIU Holdings: AIG Name Replaced (VIDEO)

04/23/2009 05:12 am ET | Updated May 25, 2011

American International Group is ridding itself of its infamous moniker.

While it remains to be seen whether the move will distance the insurer from its many scandals, AIG will now be called AIU Holdings Ltd.

Over the weekend, workmen removed the sign from the company's Water Street offices; it has yet to install the sign carrying its new name.

AIG's Pine Street headquarters will continue to feature a brass plaque reading "American International Building."

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