QUOTE AND NEWS
Benzinga  8 hrs ago  Comment 
American International Group, Inc. (NYSE: AIG) today announced the final results as of 11:59 p.m., New York City time, on July 16, 2015, the expiration date, of its previously announced maximum cash tender offer for up to $3.3 billion (U.S. Dollar...
Insurance Journal  Jul 16  Comment 
AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its Smart Build offering, AIG...
Insurance Journal  Jul 14  Comment 
Risk Settlements has added Steven Schienvar as a managing director in Dallas. Schienvar previously spent 13 years at AIG in various positions including president of AIG’s assumed reinsurance division (AIG Re), and executive vice president, chief...
Jutia Group  Jul 10  Comment 
[Business Wire] - American International Group, Inc. today announced the closing of the sale of $1,250,000,000 aggregate principal amount of AIG’s 3.750% Notes due 2025, $500,000,000 aggregate principal amount of AIG’s 4.700% Notes due 2035...
The Economist  Jul 9  Comment 
IT WAS not all that long ago that the Greenberg family dominated the insurance industry. Hank headed AIG, the world’s largest insurer at the time; his son, Jeffrey, ran Marsh & McLennan, one of the world’s biggest insurance brokers. Then Eliot...
Forbes  Jul 6  Comment 
The recent decision in the U.S. Federal Court of Claims by Judge Thomas Wheeler is the latest, but by no means last, decision on the highly contentious claims that Starr International has brought against the Federal Reserve Bank of New York...
MarketWatch  Jul 6  Comment 
The seventh anniversary of the federal conservatorship of housing-finance giants Fannie Mae and Freddie Mac is approaching, and the firms remain embroiled in uncertainty.
Wall Street Journal  Jul 2  Comment 
The acquisition of Chubb by ACE likely signals the start of a merger rush for U.S. insurers. AIG isn’t likely to join in.
Benzinga  Jul 2  Comment 
American International Group, Inc. (NYSE: AIG) today announced the results as of the early participation date of its previously announced cash tender offer for the notes and debentures issued or guaranteed by AIG listed in the table below. As...




 

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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