QUOTE AND NEWS
Benzinga  Apr 16  Comment 
In a new report, analysts at Deutsche Bank took an in-depth look at American International Group (NYSE: AIG) in an attempt to determine whether the bullish case for owning AIG stock is still intact. After reviewing the company’s current outlook,...
Insurance Journal  Apr 16  Comment 
American International Group Inc. named Douglas M. Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last year. Steenland, the former CEO of...
Motley Fool  Apr 16  Comment 
Some companies seem doomed to failure when they make desperate moves to lift their share prices, but sometimes, reverse splits get the job done.
Insurance Journal  Apr 16  Comment 
A New York state appeals court rejected former American International Group Inc. Chairman Maurice “Hank” Greenberg’s bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer. The court found that...
Jutia Group  Apr 16  Comment 
[Reuters] - A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer. Greenberg, 89,...
Insurance Journal  Apr 16  Comment 
American International Group Inc. as acquired a minority stake in K2 Intelligence, an corporate investigations firm. The companies said they have agreed to co-develop products and services to help AIG’s customers mitigate cyber risk and to...
Benzinga  Apr 14  Comment 
American International Group, Inc. (NYSE: AIG) today announced the final results as of 11:59 p.m., New York City time, on April 13, 2015 (the "Expiration Date"), of its previously announced cash tender offer for up to $1.25 billion maximum...
Reuters  Apr 10  Comment 
The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.
Insurance Journal  Apr 10  Comment 
American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock works to modernize the company. Brady worked most...




 

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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