QUOTE AND NEWS
Insurance Journal  Sep 17  Comment 
Global Excess Partners, a managing general agent, has hired Liz Carmody as senior vice president. She is based in New York City. Carmody will assist in managing the firm’s large property and mid-market accounts. In addition to managing property...
Insurance Journal  Sep 17  Comment 
Underwriting manager Victor O. Schinnerer & Company Inc. in Chevy Chase, Maryland, has hired Scott P. Thomas as senior vice president and senior underwriting manager leading the firm’s property/casualty segment of its Architects & Engineers...
Forbes  Sep 15  Comment 
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,746 13F filings for the 06/30/2014 reporting period, and noticed that American International Group Inc (NYSE: AIG) was held...
Insurance Journal  Sep 15  Comment 
American International Group Inc. has named Philip Fasano to the newly-created role of executive vice president and chief information officer. Fasano will be responsible for oversight of the company’s global information technology, including...
The Economic Times  Sep 15  Comment 
Health insurance market, which contributes more than 20 % of premium, is expected to grow at a compounded annual growth rate of 18 % for next 5 years.
TheStreet.com  Sep 12  Comment 
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- Here's what Jim Cramer had to say about some of the stocks callers offered up during the Mad Money Lightning Round...
SeekingAlpha  Sep 11  Comment 
By Achilles Research: If you had asked me where American International Group (NYSE:AIG) quoted this year around, I would have probably said $100 or somewhere around that neighborhood. In fact, I wrote an article almost exactly a year ago entitled...
Insurance Journal  Sep 9  Comment 
American International Group Inc. held a grand opening Tuesday to celebrate its expansion in Olathe, Kan., which will bring 300 new jobs to the state by the end of 2015. Gov. Sam Brownback and AIG President and CEI Peter Hancock … The article...
SeekingAlpha  Sep 9  Comment 
By Stock Gazer: Positive Year-on-Year Changes Last month, Deutsche Bank restated American International Group (NYSE:AIG) as a "hold", and set a target price for its share at $59.00. For the year's second quarter, AIG reported a net income of...
TheStreet.com  Sep 8  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES American International Group was initiated with a buy rating at Citigroup. Combined ratio could be overstated by 7%, which could add another 55 cents a share to annual earnings, Citi said. Bank of...




 

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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