QUOTE AND NEWS
Channel News Asia  5 hrs ago  Comment 
American International Group Inc wants to sell a US$2 billion portfolio of life insurance policies that would pay out when sick or elderly customers die, two people familiar with the matter said.
Insurance Journal  Aug 14  Comment 
American International Group Inc. has appointed Anita Williamson as global head of employee communications, effective today. In this role, Williamson will develop and execute global programs to strengthen employee engagement and align with AIG’s...
Insurance Journal  Aug 9  Comment 
Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American International Group Inc. said. The...
Insurance Journal  Aug 4  Comment 
American International Group Inc., the provider of commercial insurance, told regulators it could face claims costs from the Grenfell Tower fire that killed dozens of people in June in London. “Our net exposure to loss on this event is currently...
Insurance Journal  Aug 4  Comment 
Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned by goals that proved unattainable. “Going...
MarketWatch  Aug 3  Comment 
American International Group Inc.’s new chief executive wasted no time in putting his own stamp on the giant insurer.
Insurance Journal  Aug 3  Comment 
Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc. After-tax operating income was $1.4 billion for the second quarter 2017 compared to $1.3 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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