QUOTE AND NEWS
Insurance Journal  2 hrs ago  Comment 
Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he’s warming to the approach of the insurer’s chief executive officer. ” Peter Hancock and I don’t see eye-to-eye...
SeekingAlpha  Aug 16  Comment 
Yahoo  Aug 16  Comment 
These are the stocks posting the largest moves before the bell.
Insurance Journal  Aug 16  Comment 
American International Group Inc. agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to shareholders. The deal is...
Clusterstock  Aug 15  Comment 
(Reuters) - American International Group Inc is nearing a deal to sell its mortgage-guaranty unit to Arch Capital Group Ltd for about $3.4 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The...
Insurance Journal  Aug 10  Comment 
American International Group Inc. Chief Executive Officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. “Of all of the strategic issues that we...
SeekingAlpha  Aug 9  Comment 
Benzinga  Aug 8  Comment 
Goldman Sachs’ Michael Nannizzi believes a combination of macro factors and attributes specific to American International Group Inc (NYSE: AIG) creates an increasingly attractive risk/reward profile for the stock. Nannizzi reiterated a Buy...




 

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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