QUOTE AND NEWS
Insurance Journal  Oct 15  Comment 
Beazley Plc hired Matt Barone from American International Group Inc., becoming the second insurer in a month to recruit from AIG to build groups that sell coverage protecting corporate clients against crimes. Barone joins the fidelity bond and...
Insurance Journal  Oct 14  Comment 
The trial over the American International Group Inc. bailout shifts this week from the architects of the 2008 rescue, who spent days testifying as to why they imposed the terms they did on the ailing insurer, to the executives who … The...
Insurance Journal  Oct 13  Comment 
Former Federal Reserve Chairman Ben Bernanke said he wasn’t looking to punish American International Group Inc. for mismanagement when the board of governors authorized an emergency loan to the distressed insurer at a steep interest rate and...
Financial Times  Oct 10  Comment 
Hank Greenberg’s star attorney gets his talons into Ben Bernanke and Tim Geithner
Clusterstock  Oct 10  Comment 
Jon Stewart shredded Hank Greenberg, the former head of AIG, Thursday night on "The Daily Show."  Greenberg, who ran AIG from 1962 until 2005, is suing the U.S. government over its takeover of the insurance giant during the 2008 financial...
Clusterstock  Oct 10  Comment 
By Emily Stephenson WASHINGTON (Reuters) - Former Federal Reserve Chairman Ben Bernanke said on Friday on that prior to the 2008 bailout of American International Group , he was concerned that the insurer "was on the brink of default" and not...
SeekingAlpha  Oct 10  Comment 
By Achilles Research: American International Group (NYSE:AIG) really is testing investors' nerves. To say AIG's share price growth has been sluggish, is probably an understatement. Investors are waiting for higher share prices ever since the...
Motley Fool  Oct 10  Comment 
MetLife makes a compelling value proposition due to its strong earnings growth in Asia and its undeservingly low equity valuation.
Wall Street Journal  Oct 9  Comment 
Former Fed Chairman Bernanke took the stand to defend the government’s 2008 rescue of American International Group.
guardian.co.uk  Oct 9  Comment 
The government gave AIG $180bn. The companys former CEO is suing, claiming it robbed him of the value of his shares The senior managing director a top-ranking banker walked onto the crowded elevator, focus fixed on her Blackberry, pressed the...




 

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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