QUOTE AND NEWS
Bloomberg  8 hrs ago  Comment 
Swaps Vote Is Another Big Win for the Big Banks William D. Cohan
Bloomberg  8 hrs ago  Comment 
William D. Cohan COMMENTS
StreetInsider.com  May 20  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/AIG+%28AIG%29+Takes+9.9%25+Stake+in+PICC/8354486.html for the full story.
Market Intelligence Center  May 13  Comment 
Closing out the day... Stocks were virtually unchanged Monday as the S&P 500 and Nasdaq managed to eke out gains while the Dow saw a small loss. Among the high-volume stocks today American International Group (AIG), Occidental Petroleum Corp (OXY)...
StreetInsider.com  May 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Barclays+Upgrades+American+International+Group+%28AIG%29+to+Overweight/8329522.html for the full story.




 

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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