QUOTE AND NEWS
Insurance Journal  Aug 19  Comment 
IFG Cos. has hired Steven M. Mills as managing director in its Submit unit. Mills will be based in IFG’s Atlanta office. In this capacity, Mills will be a member of the IFG’s Submit leadership team that continues to build … The article...
Insurance Journal  Aug 18  Comment 
Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis. Many large companies deploy a handful of...
Jutia Group  Aug 15  Comment 
[Reuters] - Insurer American International Group (AIG.N) is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis. Many large companies...
Clusterstock  Aug 15  Comment 
By Douwe Miedema WASHINGTON (Reuters) - Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial...
Market Intelligence Center  Aug 15  Comment 
American International Group Inc (AIG) traded between $53.58 and $54.27 before closing at $54.06 Thursday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s algorithms have picked a Nov. '14 $52.50 covered...
MarketWatch  Aug 14  Comment 
Billionaire hedge-fund titan George Soros added to his stake in Argentine oil exploration company YPF in the second quarter, buying more than 8.47 million depositary shares to make it the biggest single equity holding in his portfolio, worth...
Forbes  Aug 14  Comment 
At Holdings Channel, we have reviewed the latest batch of the 96 most recent 13F filings for the 06/30/2014 reporting period, and noticed that American International Group (NYSE: AIG) was held by 30 of these funds. When hedge fund managers appear...
Insurance Journal  Aug 14  Comment 
Berkshire Hathaway has hired two senior executives from American International Group’s Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing people familiar with the matter. Berkshire Hathaway has...




 

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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