QUOTE AND NEWS
Insurance Journal  1 hr ago  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.
Insurance Journal  Aug 21  Comment 
American International Group announced that John P. Repko will join the company as executive vice president, chief information officer, effective September 4, succeeding Martha Gallo, who the insurer said is leaving AIG to pursue other interests....
Insurance Journal  Aug 10  Comment 
After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to profitability will continue to be a bumpy one....
Benzinga  Aug 10  Comment 
Argus raised the price target for Illumina, Inc. (NASDAQ: ILMN) from $310 to $372. Illumina shares closed at $333.50 on Thursday. UBS boosted the price target on Booking Holdings Inc (NASDAQ: BKNG) from $2,060 to $2,320. Booking shares closed...
Insurance Journal  Aug 8  Comment 
American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the European Economic Area and...




 

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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