AIG taps U.S. govt loan again: report

Troubled insurer American International Group Inc (AIG.N) had borrowed $90.3 billion from the U.S. government as of Wednesday, three-quarters of the emergency funds made available to it under a federal rescue plan, the Wall Street Journal reported.

AIG, once the world's largest insurer before it was hammered by bad bets on mortgages, borrowed a further $7.4 billion from a government loan facility in the last week, the paper said on its website.

The move marked the first time the insurer had borrowed more than the government's original $85 billion rescue loan, announced on September 16.

Earlier this month, the government gave AIG nearly $38 billion more in fresh cash.

On Thursday, AIG Chief Executive Edward Liddy warned that the $120 billion-plus in emergency federal cash extended to the insurer may not be enough.

AIG also named two executives to lead its restructuring,

AIG did not immediately return calls seeking comment.