QUOTE AND NEWS
Insurance Journal  Sep 1  Comment 
Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first UK mid-market offering with no...
Insurance Journal  Aug 28  Comment 
An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more … The...
Clusterstock  Aug 27  Comment 
By Joseph Ax NEW YORK (Reuters) - An American International Group Inc unit on Thursday asked a federal judge to order a Pennsylvania firm to pay it $1.76 billion in damages for allegedly overcharging for life insurance policies acquired from...
Market Intelligence Center  Aug 20  Comment 
American International Group Inc (AIG) closed Wednesday at $62.92 and technical indicators recently have been bullish. Based in part on those numbers, MarketIntelligenceCenter.com's patented algorithms have identified a couple of attractive...
TheStreet.com  Aug 19  Comment 
NEW YORK (TheStreet) -- AIG stock is down 1.05% to $63.04 in afternoon trading on Wednesday, after the company priced the sale of  its remaining shares of AerCap . AIG plans to sell about 10.7 million ordinary shares of the aircraft...
Wall Street Journal  Aug 18  Comment 
AIG filed documents to sell its remaining 10.7 million shares in aircraft-leasing company AerCap as part of its exit from aircraft leasing.
Insurance Journal  Aug 13  Comment 
The United States filed an appeal on Wednesday against a U.S. judge’s ruling in June that sided with former American International Group chief executive Maurice “Hank” Greenberg on a legal claim over the company’s 2008 bailout. A judge in...
TheStreet.com  Aug 12  Comment 
NEW YORK (TheStreet) -- It's official: A federal judge's ruling that the federal government's 2008 bailout of insurance giant AIG illegally penalized shareholders satisfied no one. First, former AIG CEO Hank Greenberg, who filed the original...
Wall Street Journal  Aug 12  Comment 




 

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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