QUOTE AND NEWS
Insurance Journal  Apr 12  Comment 
CNA reports that Mark James will join the company as senior vice president for Global Reinsurance. He will be responsible for CNA’s reinsurance strategies and purchasing around the globe. James has more than 15 years of experience in the...
Insurance Journal  Mar 28  Comment 
Travel Guard Group Canada, Inc., the Toronto-based subsidiary of AIG, has launched a travel insurance app allowing Canadian customers (except Quebec residents) to purchase coverage in blocks of time through their iPhone. Customers can now...
Insurance Journal  Mar 28  Comment 
American International Group paid its new chief executive Brian Duperreault $43.1 million last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over the compensation of former leader Maurice...
MarketWatch  Mar 27  Comment 
American International Group Inc. paid $67.3 million to its chief executive officers in 2017, with part of the payment going to a man who resigned under pressure early in the year and another portion to attract his successor.
Insurance Journal  Mar 27  Comment 
It was a no-brainer for former thought-leaders from AIG to set up shop for their new high net worth insurer in the Sunshine State, a state known for beautiful beaches, a growing economy and lots of wealthy individuals. A pull …
Channel News Asia  Mar 26  Comment 
The U.S. Supreme Court on Monday handed a defeat to former American International Group Inc CEO Maurice "Hank" Greenberg, refusing to hear an appeal he led arguing that the federal government illegally bailed out the insurer during the 2008...
Insurance Journal  Mar 26  Comment 
American International Group said Ed Dandridge will join the company as head of Marketing and Communications, General Insurance, effective April 16. In this role, Dandridge will be responsible for General Insurance’s global marketing and...
Benzinga  Mar 20  Comment 
On CNBC's "Mad Money Lightning Round", Jim Cramer said that Oclaro Inc (NASDAQ: OCLR) had a very good quarter, but he wouldn't buy the stock because he thinks it's going to be possible to buy it under $9. Cramer would stay away from Ship Finance...
Insurance Journal  Mar 16  Comment 
Luxembourg is seeking to persuade at least two additional global insurers to make their post-Brexit home there after attracting American International Group Inc. and Sompo International Holdings Ltd., the head of its financial lobbying group said....
Insurance Journal  Mar 15  Comment 
Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc., will not seek re-election to the post at the insurer’s annual meeting in May, the company said in a filing on Wednesday. Merksamer, who...




 

After its excessive risk-taking necessitated a dramatic bailout from the federal government, AIG is finally poised to be returned to common shareholders. Though still a major presence in property-casualty and life insurance, the new AIG will be a smaller insurance organization, having shed a good deal of its global growth potential. AIG has no economic moat, in our opinion, and the onetime insurance leader will have a difficult time returning to its former dominant position. AIG is still one of the largest insurance and financial services firms in the world, even after disposing of its Asian insurance subsidiaries. It operates through a wide range of subsidiaries that provide general insurance, life insurance, and other financial services. The government has started selling its shares in 2011, and ownership will eventually be returned to common equity shareholders.

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