QUOTE AND NEWS
Insurance Journal  Apr 9  Comment 
American International Group Inc. must do more to win over Wall Street, even after rallying 51 percent in the past two years, Chairman Steve Miller told shareholders. AIG is seeking to reward investors who helped recapitalize the company after...
SeekingAlpha  Apr 8  Comment 
By I Know First Research: A while back in November 2013, when the insurer conglomerate American International Group (AIG) released its third quarter earnings report, CEO Bob Benmosche told investors that the company may not fulfill its aspirations...
SeekingAlpha  Apr 4  Comment 
By SA Editor Miriam Metzinger: Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday April 3. CEO Interview: Bob Benmosche, AIG (AIG) AIG (AIG) has been transformed from a broken business into an...
Yahoo  Apr 3  Comment 
Insurer American International Group Inc on Thursday sued New York regulators to force them to back off a threatened costly enforcement proceeding over possible violations of state law by a former unit. AIG's lawsuit against the New York State...
SeekingAlpha  Apr 3  Comment 
By Bret Jensen: Sanford Bernstein came out with comments today that insurer American International Group (AIG) can double over time from current levels as American International "once again becomes a great company and trades at a premium to its...
Insurance Journal  Apr 1  Comment 
Jerry Hourihan has been named president of American International Group’s (AIG) Private Client Group for the U.S. and Canada. He will report to Ralph Mucerino, CEO of Consumer Regional, Americas. Hourihan will be a high net worth client advocate...
Financial Times  Apr 1  Comment 
Speciality finance company Springleaf, which spun out of bailed-out insurer AIG, seeks 15-day extension to file its annual report to incorporate a new audit.




 

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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