QUOTE AND NEWS
Insurance Journal  Aug 10  Comment 
American International Group Inc. Chief Executive Officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. “Of all of the strategic issues that we...
SeekingAlpha  Aug 9  Comment 
Forbes  Aug 8  Comment 
The high-speed championship event drew big interest (and plenty of sponsorship dollars) from AIG, Ernst & Young, GoPro, and other major-league investors.
Insurance Journal  Aug 8  Comment 
NSM Insurance Group, an insurance program administrator based in Pa., has agreed to enter into a joint venture with Massachussetts-based private equity investment firm, ABRY Partners, and AIG. Through this partnership, NSM Insurance Group aims to...
Benzinga  Aug 8  Comment 
Goldman Sachs’ Michael Nannizzi believes a combination of macro factors and attributes specific to American International Group Inc (NYSE: AIG) creates an increasingly attractive risk/reward profile for the stock. Nannizzi reiterated a Buy...
Yahoo  Aug 3  Comment 
These are the stocks posting the largest moves before the bell.
Benzinga  Aug 3  Comment 
AUD/USD is trading at 0.7582, down 0.0015. The pair is trading just above the session lows. Market chatter about global headline news and U.S. economic data due out later today is making the rounds. The Australian Industry Group's (AIG)...




 

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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