The
American International Group AIG had a fair share of business developments over the recent months, performing well in the market, achieving a 9% Year-to-Date rise and yielding returns of up to 49% for investors over the past three years. Analysts targeted its stock with positive outlooks like BMO Capital Markets setting a new price at $90. Importantly,
Keith Walsh was appointed to serve as the new CFO following his stint at Marsh. AIG also named
Dimitry Zilberud as Head of Marine, APAC and
Gordon Browne was welcomed back to be the Global Head of Specialty. In terms of financial performance, AIG demonstrated a strong Q4 and even outperformed profit estimates due to underwriting strength and investment gains. It did, however, see a lag in Q2 earnings and revenues. The company concluded the separation of
Corebridge showing a well-calculated strategic move. It also sold a 20% stake in Corebridge to Japan's Nippon Life for $3.8 billion and its travel insurance business to
Zurich for $600 million. Despite the various legal battles, AIG remains a solid investment option.
American International Group AIG News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Fri, 04 Oct 2024 18:21:26 GMT -
Rating 7
- Innovation 4
- Information 7
- Rumor 8
