QUOTE AND NEWS
Motley Fool  8 hrs ago  Comment 
So far, Travelers has dodged major catastrophic losses for a long time. Are investors ready for the inevitable?
Forbes  Jul 18  Comment 
When swing traders have a bad quarter, they do not “stay the course.” Instead, they make adjustments. Justin Uyehara, the best swing trader I know, was up over 60% last year but lost 20% in the first quarter. Nevertheless, I kept him on...
TheStreet.com  Jul 17  Comment 
NEW YORK (TheStreet) -- American International Group Inc. was initiated with an "outperform" rating and $64 price target at RBC Capital Markets. The firm said it started the global insurance company with a strong rating as AIG is a market...
TheStreet.com  Jul 17  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES American International Group was initiated with an outperform rating at RBC Capital. Twelve-month price target is $64. Company is a market leader and leveraged to higher interest rates, RBC Capital...
Motley Fool  Jul 16  Comment 
Following a settlement with AIG, Bank of America recognized $4 billion in litigation expenses, hurting its bottom-line results for the second quarter of 2014.
Insurance Journal  Jul 16  Comment 
Bank of America agreed to pay American International Group Inc. $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis. The deal, which the parties announced early...
Jutia Group  Jul 16  Comment 
[Reuters] - Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis. The deal, which the parties...
MarketWatch  Jul 16  Comment 
Charlotte-based lender also announces $650 million settlement with AIG to resolve RMBS-related lawsuits..
Insurance Journal  Jul 15  Comment 
American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer. The short-term incentive will be $3.2 million of cash and the long-term will be $7 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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