QUOTE AND NEWS
Insurance Journal  Jul 13  Comment 
Seraina (Maag) Macia, chief executive officer of Hamilton USA, which AIG is acquiring, is returning to American International Group (AIG) under its new CEO, Brian Duperreault. Macia has been named executive vice president and CEO of a new planned...
Insurance Journal  Jul 12  Comment 
XL Catlin’s insurance operations announced the appointment of Sonja Ochsenkuehn as head of Global Programs with worldwide responsibility. Ochsenkuehn’s remit is to drive the network performance and best in class service delivery, said XL...
Channel News Asia  Jul 6  Comment 
American International Group Inc's new global chief operating officer will receive an annual base salary of US$1.25 million and a US$15 million sign-on bonus, the largest U.S. commercial property and casualty insurer said in a filing on Thursday.
Insurance Journal  Jul 6  Comment 
U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) and Prudential Financial Inc an extra year to submit their...
MarketWatch  Jul 6  Comment 
American International Group Inc. said it has named Peter Zaffino as its new chief operating officer, effective August 1. Zaffino comes to the role from Marsh LLC, a unit of insurance brokerage Marsh & McLennan Cos. Inc. , where he was chief...
Insurance Journal  Jul 5  Comment 
Brian Duperreault, the new CEO of American International Group (AIG), has tapped Peter Zaffino, a former colleague at insurance broker Marsh, to be executive vice president, global chief operating officer at AIG. In his role at AIG, Zaffino will...
SeekingAlpha  Jul 5  Comment 
Reuters  Jul 5  Comment 
U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) and Prudential Financial Inc an extra year to submit their...
Insurance Journal  Jul 5  Comment 
Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc., following the company’s sale of assets and hiring of a new chief executive officer, a person familiar with the matter said....
Insurance Journal  Jun 30  Comment 
American International Group Inc.’s new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. “I’d love to find great additions to the company. I think...




 

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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