QUOTE AND NEWS
Wall Street Journal  2 hrs ago  Comment 
Insurers, suffering from low rates and hedge-fund losses, have no choice but to keep cutting costs.
Benzinga  7 hrs ago  Comment 
While American International Group Inc (NYSE: AIG) seems to have set up clear goals for 2017, there are likely to be execution challenges due to declining P&C pricing and lower investment returns, Morgan Stanley’s Kai Pan commented. The analyst...
Clusterstock  May 3  Comment 
Private-equity firm Hellman & Friedman is in talks to buy health-insurance agency MultiPlan from Starr Investment Holdings for $7.5 billion, according to Liz Hoffman and Dana Cimilluca at The Wall Street Journal. The  deal would mark a...
Benzinga  May 3  Comment 
American International Group Inc (NYSE: AIG) reported its 1Q16 results, with the operating EPS well below the estimate and the consensus. Goldman Sachs’ Michael Nannizzi maintains a Buy rating on the company, with a price target of $66. 1Q...
Benzinga  May 3  Comment 
American International Group Inc (NYSE: AIG) reported its quarterly results, with the operating EPS significantly missing the consensus and the estimates. Bernstein’s Josh Stirling maintained an Outperform rating on the company, with a price...
Insurance Journal  May 3  Comment 
A former AIG executive is joining QBE to become CEO of its North American operations. Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation starting on May 31, and be based in New York. …
Yahoo  May 3  Comment 
American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter.




 

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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