QUOTE AND NEWS
Insurance Journal  Nov 15  Comment 
“It was all hands on deck.” That apt description of the reaction to the deadly outbreak of wildfires that ravaged California in October was from Stephen Poux, global head of risk management and loss prevention for AIG’s private client group....
MarketWatch  Nov 14  Comment 
Hedge fund manager John Paulson took a fresh stake in avionics and information technology firm Rockwell Collins in the third quarter, while closing a position in American Internatonal Group , according to a quarterly regulatory filing on Tuesday....
MarketWatch  Nov 14  Comment 
Billionaire investor Carl Icahn did very little trading in the past quarter as he fell under conflict-of-interest scrutiny for his time as an adviser to President Donald Trump. In a late Tuesday Securities and Exchange Commission filing, Icahn's...
Insurance Journal  Nov 14  Comment 
Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as American International Group and Prudential …
Reuters  Nov 10  Comment 
Global financial regulators have decided to ditch a "too big to fail" gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as American International Group and Prudential...
Forbes  Nov 9  Comment 
The recent Atlantic hurricane season resulted in earnings pressure for most U.S. property and casualty (P&C) insurers in the U.S., including AIG (NYSE: AIG), during the third quarter of 2017.
Insurance Journal  Nov 8  Comment 
American International Group recently made two major domestic executive appointments: Lex Baugh is AIG’s new chief executive officer for North America General Insurance, and George Stratts has been named CEO of AIG’s surplus lines unit,...
Insurance Journal  Nov 7  Comment 
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) announced that Scott Spaven, who is currently head of Client & Broker Engagement for Singapore and Southeast Asia, is taking on the additional role of head of Liabilities and Financial Lines for...
Insurance Journal  Nov 6  Comment 
Willis Towers Watson announced the appointment of Evariste Yeung as head of Property and Casualty, North Asia. Yeung’s appointment took effect on Sept. 25, 2017. He is based in Hong Kong and reports to Richard Collis, managing director for...




 

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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