QUOTE AND NEWS
Forbes  May 20  Comment 
Bruce Berkowitz (Trades, Portfolio), staunch contrarian investor at the Fairholme Fund (Trades,Portfolio), engaged in unusually aggressive selling in the first quarter and unloaded some of his key long-term holdings.
TheStreet.com  May 20  Comment 
Federal Reserve Governor Daniel Tarullo on Friday described a tough capital regime that the central bank will introduce in the coming weeks for big systemically important insurers American International Group and Prudential , but he assured...
SeekingAlpha  May 18  Comment 
The Hindu Business Line  May 18  Comment 
Sterling and Wilson Pvt. Ltd., part of Shapoorji Pallonji Group, has announced it has bagged a contract from Asian Institute of Gastroenterology for Mechanical, Electrical, Public Health System &...
SeekingAlpha  May 17  Comment 
The Economic Times  May 17  Comment 
Long/short equities hedge funds were the only mandates to post negative year-to-date returns and lost 1.35%, the strategy’s worst YTD returns since 2008.
Insurance Journal  May 17  Comment 
Activist investor Carl Icahn has raised his stake in American International Group Inc. by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent companies. Icahn now owns 44.4 million shares in AIG, …
The Economic Times  May 16  Comment 
Managing directors/CXOs hired laterally include Guenter Butschek (Tata Motors), Rakesh Sarna (Indian Hotels), Naveen Tahilyani, Neelesh Garg (Tata AIG) and Mayank Pareek.




 

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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