AIG – the business insurer’s insurer has announced the largest loss in US business history – $61.7bn or, about £43bn. Their business has been insuring the loans and business dealings of global enterprises, many of whom, we are discovering, are basically bankrupt. AIG are also the shirts sponsors of Manchester United, current club football champions of England, Europe and the World and who yesterday won the Carling Cup. Their name is often shortened to…

AIG and Manchester United cartoon © Matt Buck Hack Cartoons

Unsurprisingly, the AIG sponsorship deal with United will not be being renewed. There’s a lively scrap though for who will get the honour as Paddy Power reports…