QUOTE AND NEWS
Forbes  Dec 9  Comment 
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,603 13F filings for the 09/30/2014 reporting period, and noticed that American International Group Inc (NYSE: AIG) was held...
Insurance Journal  Dec 1  Comment 
Hank Greenberg’s legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington courthouse, providing an insider’s account of...
Forbes  Nov 26  Comment 
It has been some time since my last Forbes column on Fannie and Freddie. After eight weeks in Court, it appears as though the AIG trial, in which former AIG CEO Maurice (“Hank”) Greenberg is mounting a challenge to recover some $40 billion for...
MarketWatch  Nov 26  Comment 
Lawsuit brought by former CEO Hank Greenberg asserts that then-Treasury Secretary Henry Paulson rebuffed a Chinese offer.
Insurance Journal  Nov 24  Comment 
Two subsidiaries of the American International Group — Granite State Insurance Company and New Hampshire Insurance Company — recently filed for approval a plan of redomestication that would change their state of domicile from Pennsylvania to...
Wall Street Journal  Nov 24  Comment 
As testimony wraps up in the long-running trial on AIG’s bailout, testimony from two low-profile witnesses from early in the proceedings may turn out to be the key.




 

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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