QUOTE AND NEWS
Benzinga  Jan 6  Comment 
Credit Suisse raised the price target for American International Group Inc (NYSE: AIG) from $61 to $75. AIG shares closed at $65.60 on Thursday. Jefferies increased Healthways, Inc. (NASDAQ: HWAY) price target from $26 to $29. Healthways...
SeekingAlpha  Jan 4  Comment 
Insurance Journal  Jan 4  Comment 
American International Group said it has completed the $3.4 billion sale of its mortgage guaranty unit to Arch Capital Group. The deal to sell United Guaranty Corp. (UGC), first announced in August 2016, closed on Dec. 31. “With this...
Benzinga  Jan 3  Comment 
AUD/USD is trading at 0.7233, up 0.0037. The pair is trading at session highs. Market talk about regional growth and weekend headline news is making the rounds. The Australian Industry Group (AIG) December manufacturing index rose to...
Insurance Journal  Dec 22  Comment 
Specialist global insurer Hiscox has announced the appointment of Trish White as London regional manager for Professional and Specialty Commercial lines within Hiscox UK. White joins Hiscox from AIG, where she had worked since 2007 in a range of...
The Hindu Business Line  Dec 20  Comment 
Tata AIG General Insurance Company Ltd has signed a memorandum of understanding (MoU) with Manipal Global Education Services (MaGE) to offer a customised General Insurance Training Program for partic...
Insurance Journal  Dec 13  Comment 
National Interstate Insurance Co. announced the promotion of George Skuggen to senior vice president and the hiring of Steve Blankenship as vice president, Passenger Transportation. In his new role, Skuggen will oversee National Interstate’s...
Reuters  Dec 12  Comment 
The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice "Hank" Greenberg's bid to escape civil fraud charges in New York accusing him of orchestrating sham transactions at the insurer, even as his trial continues.




 

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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