American International Group Inc said on Friday it was no longer looking to sell two of its Japanese units, the latest sign that its new chief executive may be taking a slower approach to restructuring.
AIG said it would not sell AIG Edison Life Insurance and AIG Star Life insurance because it now believes they will help it improve its corporate value.
AIG originally said it was looking to sell the units last year, when it was saved from collapse by a U.S. government bailout. Under its new chief executive Robert Benmosche, who has been reviewing its restructuring plan, efforts have slowed to sell at least one other asset.
Benmosche took over as the insurer's chief executive this summer, becoming the fourth person to hold the position in about a year.
He is overseeing a broad restructuring as he tries to repay about $180 billion to the U.S. government.
Earlier this month, AIG agreed to sell its Taiwan unit Nan Shan Life Insurance to two little-known buyers for $2.15 billion.