QUOTE AND NEWS
Insurance Journal  8 hrs ago  Comment 
A.M. Best this week released American International Group from “under review” special scrutiny following the insurer’s bringing on industry veteran Brian Duperreault as president and chief executive officer and after reviewing recent...
Insurance Journal  May 18  Comment 
XL Catlin has added two new members to its Canadian environmental insurance team: Marc Estrada as environmental team lead and Brian Hughes as assistant vice president, environmental underwriting. Estrada and Hughes are based in Toronto and...
Insurance Journal  May 17  Comment 
American International Group’s decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won’t come cheap. To begin with, AIG will pay Hamilton $20 million to release Duperreault from contract restrictions that...
Motley Fool  May 16  Comment 
Wall Street Journal outlines three big reasons to love AIG's new CEO.
Insurance Journal  May 16  Comment 
American International Group’s President and CEO Brian Duperreault began his first full day in his new job repudiating the idea of splitting the insurer into pieces and simply returning money back to shareholders. “I recognize the value of the...
Insurance Journal  May 16  Comment 
Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers,  Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost 1.6 percent since the day of the U.S....
MarketWatch  May 15  Comment 
Brian Duperreault , 70-year old founder and CEO of Bermuda-based Hamilton Insurance Group, will be new CEO of 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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