QUOTE AND NEWS
Insurance Journal  Mar 2  Comment 
Steve Miller called him tenacious. Steve Kandarian remembered his fighting spirit. As Maurice “Hank” Greenberg put it, Robert Benmosche, who died Friday at 70 after leading two of the biggest U.S. insurers, “was a fighter.” “If he had a...
Benzinga  Feb 28  Comment 
Robert "Bob" Benmosche, former chairman and CEO of Metlife and the man who saved American International Group Inc (NYSE: AIG) from a potential bankruptcy, died on Friday. Current AIG CEO Peter Hancock was on CNBC to discuss the contributions...
Financial Times  Feb 28  Comment 
Robert Benmosche, who led insurer’s restructuring, dies aged 70
Wall Street Journal  Feb 27  Comment 
AIG said former Chief Executive Robert Benmosche died Friday after battling lung cancer since 2010.
Jutia Group  Feb 27  Comment 
[Business Wire] - A.M. Best has affirmed the financial strength rating of A and the issuer credit ratings of “a” of AIG Asia Pacific Insurance Pte. Ltd. and its fully-owned subsidiaries, AIG Australia Limited and AIG Insurance Hong Kong...
Market Intelligence Center  Feb 27  Comment 
After Thursday’s trading in American International Group Inc (AIG) MarketIntelligenceCenter.com's patented algorithms uncovered a trade that offers a 3.59% return or 7.49% on an annualized basis (for comparison purposes only), while providing...
The Hindu Business Line  Feb 19  Comment 
Tata AIG gets aboard the artsy bandwagon
MarketWatch  Feb 18  Comment 
Regulators on Wednesday gave three of the biggest U.S. financial firms, American International Group Inc., , General Electric Capital Corp. and Prudential Financial Inc. an additional five months to submit their living-will plans. The plans,...




 

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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