Insurance Journal  4 hrs ago  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.
Insurance Journal  Nov 20  Comment 
To address the property insurance needs of  industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North America Property insurance...
Insurance Journal  Nov 19  Comment 
Aon Benfield announced that it has successfully completed an “insurance placement as part of a UK government energy initiative to install smart meter systems nationwide by 2020 with AIG. The placement was made on “behalf of global smart meter...
Insurance Journal  Nov 19  Comment 
AIG Global Real Estate, a unit of American International Group Inc., is seeking at least $450 million from the sale of a luxury hotel in the South Korean capital, people with knowledge of the matter said. AIG’s Korean real estate … The...
Financial Times  Nov 17  Comment 
Insurer’s former chief has challenged the government over the terms of its $182bn bailout
Insurance Journal  Nov 17  Comment 
American International Group has appointed Rhodri Williams to the newly created role of Vice President for Communications and Public Affairs for Europe, Middle East, and Africa (EMEA) effective January 1, 2015. He will be based in London and will...
Insurance Journal  Nov 14  Comment 
Ten major global companies have created “Together for Safer Roads,” a cross-sector coalition focused on improving road safety and reducing deaths and injuries by road traffic collisions around the world. The founding members are:...


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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