QUOTE AND NEWS
Insurance Journal  Sep 24  Comment 
Veteran insurance executive Michael Mitrovic has joined the Cooper Levenson law firm in its insurance defense litigation practice. Mitrovic’s career spans nearly 40 years in the insurance industry. He served as president of Global Claims for...
Insurance Journal  Sep 21  Comment 
American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not disclosed. It is expected to close...
Insurance Journal  Sep 11  Comment 
American International Group, Inc. announced that Catherine Duffy will join the company’s General Insurance business as Country Manager of Bermuda, at a date to be determined. In this role, Duffy will oversee AIG’s insurance operations and...
Insurance Journal  Sep 11  Comment 
Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness. In 1973, Duperreault arrived at...
Channel News Asia  Sep 10  Comment 
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness.
Insurance Journal  Sep 6  Comment 
Valerie Turpin has joined Arch Insurance as executive vice president and Head of U.S. Property. She succeeds Michael Kmetz, who has taken a different role within the firm. In this position, Turpin will have oversight of both the Excess and …
Insurance Journal  Sep 6  Comment 
American International Group Inc. Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities. The insurance...
Channel News Asia  Sep 5  Comment 
American International Group Chief Executive Officer Brian Duperreault said on Wednesday he sees "huge potential" within the insurer's portfolio for use of a market in which investors trade assets tied to insurance liabilities.




 

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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