QUOTE AND NEWS
Reuters  10 hrs ago  Comment 
Insurance giant American International Group sees "considerable uncertainty" about U.S. regulations that deem non-bank financial institutions as being too-big-to-fail, given the recent change in White House administrations, according to a filing.
Forbes  Feb 23  Comment 
Maybe I’ve missed a few, but I can't find 400 hitters in the Icahn, Soros and Bill Ackman crowd. Aggressive stock pickers like Carl Icahn and Bill Ackman doggedly run highly compressed portfolios in one-off stocks like Chipotle Mexican Grill,...
The Economist  Feb 23  Comment 
FOR most people, the only reason to associate skiing and insurance is in the context of accident cover. Few are aware that AIG, a large American insurer, has owned and operated Stowe, a famed ski resort in Vermont, for nearly 70 years. But on...
SeekingAlpha  Feb 22  Comment 
Insurance Journal  Feb 22  Comment 
American International Group Inc., the insurer that’s been divesting assets to narrow its focus, agreed to sell ski operations at Vermont’s Stowe Mountain to Vail Resorts Inc. AIG will retain majority ownership of the base area, which includes...
Financial Times  Feb 21  Comment 
Insurer bought Vermont attraction after founder was annoyed by long lift lines
Insurance Journal  Feb 17  Comment 
CNA has named Douglas Worman to fill the newly created position of executive vice president and chief underwriting officer. He reports to Dino E. Robusto, CNA chairman and chief executive officer. In this role, Worman will work jointly with the …
Insurance Journal  Feb 17  Comment 
Despite American International Group’s poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor’s both have affirmed the insurer’s ratings, with a few qualifiers slipped in. The struggling insurance giant lost $3.0...




 

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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