QUOTE AND NEWS
Insurance Journal  Aug 13  Comment 
The United States filed an appeal on Wednesday against a U.S. judge’s ruling in June that sided with former American International Group chief executive Maurice “Hank” Greenberg on a legal claim over the company’s 2008 bailout. A judge in...
TheStreet.com  Aug 12  Comment 
NEW YORK (TheStreet) -- It's official: A federal judge's ruling that the federal government's 2008 bailout of insurance giant AIG illegally penalized shareholders satisfied no one. First, former AIG CEO Hank Greenberg, who filed the original...
Wall Street Journal  Aug 12  Comment 
Insurance Journal  Aug 11  Comment 
Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers. Companies from Allianz SE to American International Group Inc. are avoiding offering...
Insurance Journal  Aug 7  Comment 
An Alameda County, Calif., jury has awarded Pennsylvania-based Victaulic Co., $55.3 in damages against three AIG companies. The trial in Victaulic Co. v. American Home Assurance Co. et al., in Alameda County Superior Court spanned six weeks...
Insurance Journal  Aug 5  Comment 
Dan Conway has joined global insurer Starr Companies as senior vice president for Specialty Casualty. Conway will assume overall responsibility for the Construction, Excess Construction and the Defense Base Act (DBA) profit centers, according to...
Market Intelligence Center  Aug 5  Comment 
American International Group Inc (AIG) presents a trading opportunity that offers a 2.32% return in just 107 days. A covered call on American International Group at the $60.00 level expiring on Nov. '15 offers an assigned return rate of 2.32% or...
Insurance Journal  Aug 5  Comment 
American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine has been pushed back to 2016 or...
Reuters  Aug 4  Comment 
American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts' estimates, and boosted its share buyback by up to $5 billion.




 

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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