QUOTE AND NEWS
Financial Times  5 hrs ago  Comment 
Opening day of trial hears US government charged insurer an ‘extortion interest rate’
Clusterstock  Sep 29  Comment 
By Aruna Viswanatha WASHINGTON (Reuters) - One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group...
USAToday.com  Sep 28  Comment 
AIG's ex-CEO claims the government broke the law by taking control of the firm as part of a massive bailout.
Financial Times  Sep 28  Comment 
Market Intelligence Center  Sep 25  Comment 
American International Group Inc (AIG) is an excellent choice for either a diagonal spread or a covered call expiring in Feb. '15 at the $52.50 level according to MarketIntelligenceCenter.com’s patented algorithms.A covered call on American...
Clusterstock  Sep 24  Comment 
(Reuters) - Warren Buffett's Berkshire Hathaway Inc isn't AIG's biggest competitor and AIG handles all its rivals in a very effective way, former AIG Chief Executive Robert Benmosche told Bloomberg TV. "I think his last ten years is not as...
Insurance Journal  Sep 24  Comment 
Robert Benmosche, who led American International Group Inc. for half a decade, said an emerging challenge from Warren Buffett’s Berkshire Hathaway Inc. hasn’t amounted to much so far. Buffett’s firm recruited AIG executives beginning last...
Insurance Journal  Sep 23  Comment 
Berkshire Hathaway Specialty Insurance (BHSI) said it is entering the fidelity and crime insurance market, and has named Brian O’Neill to lead the effort. O’Neill joins BHSI with 30 years of fidelity and crime underwriting and underwriting...




 

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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