QUOTE AND NEWS
Insurance Journal  Jan 28  Comment 
American International Group Inc., which activist investor Carl Icahn is pressuring to divest assets, had the outlook on its credit rating changed to negative from stable by Standard & Poor’s after the insurer announced plans to sell a stake in …
SeekingAlpha  Jan 27  Comment 
SeekingAlpha  Jan 27  Comment 
Benzinga  Jan 26  Comment 
Shares of American International Group Inc (NYSE: AIG) were trading higher by more than 1.5 percent early Tuesday morning after the company announced that it has agreed to sell its AIG Advisor Group segment to investments funds affiliated with...
Financial Times  Jan 26  Comment 
Insurer’s plan falls short of demands by investors Icahn and Paulson
Clusterstock  Jan 26  Comment 
(Reuters) - American International Group Inc said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl...
Wall Street Journal  Jan 26  Comment 
SeekingAlpha  Jan 26  Comment 




 

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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