QUOTE AND NEWS
Benzinga  Apr 14  Comment 
American International Group, Inc. (NYSE: AIG) today announced the final results as of 11:59 p.m., New York City time, on April 13, 2015 (the "Expiration Date"), of its previously announced cash tender offer for up to $1.25 billion maximum...
Reuters  Apr 10  Comment 
The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.
Insurance Journal  Apr 10  Comment 
American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock works to modernize the company. Brady worked most...
Benzinga  Apr 9  Comment 
While Amazon.com, Inc. (NASDAQ: AMZN)'s proposed drone delivery service has stolen the spotlight when it comes to innovative uses for the unmanned aircraft, American International Group Inc (NYSE: AIG) has been quietly formulating its own plans...
Wall Street Journal  Apr 8  Comment 
The FAA cleared AIG, State Farm and USAA to use the unmanned aircraft, a step that could bring widespread change to inspections of everything from hail-damaged roofs to collapsed buildings to flooded neighborhoods.
Market Intelligence Center  Apr 7  Comment 
American International Group Inc (AIG) traded between $54.36 and $55.56 before closing at $55.42 Monday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s algorithms have picked a Jun. '15 $55.00 covered...
Insurance Journal  Apr 6  Comment 
Pacific Investment Management Co. accused American International Group Inc. of misleading investors about “colossal” losing bets on unregulated credit-default swaps and subprime debt before the 2008 financial crisis. Pimco seeks to hold AIG...
Insurance Journal  Apr 2  Comment 
American International Group Inc. registered to sell its 46 percent stake in plane lessor AerCap Holdings NV for a price that values the holding at more than $4 billion, as the insurer streamlines it operations. AIG would offer 97.6 million...




 

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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