|Bid||0.00 x 0|
|Ask||405.00 x 0|
|Day's Range||405.00 - 405.00|
|52 Week Range||390.30 - 425.00|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Insurer American International Group Inc said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion. The losses are largely related ...
(Reuters) - Insurer American International Group Inc (AIG.N) said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion. The losses ...
The company said the losses were a result of numerous weather events like the typhoons in Japan as well as Hurricane Florence.
DEEP DIVE Even as the bull market soon turns 10 years old, you might be surprised about how many stocks are trading much lower than their all-time highs. Taking a closer look can provide food for thought for bargain hunters.
The latest blow came Wednesday when the Financial Stability Oversight Council said it no long considered Prudential Financial Inc. so big and complex that the insurer’s failure could trigger a panic. Prudential was the last non-bank to carry the regulator’s dreaded systemic-risk label, which brings tough oversight and steep compliance costs. When Congress created FSOC through the Dodd-Frank Act, many on Capitol Hill and Wall Street expected it to impose the tag on a number of hedge funds, private-equity firms and insurers.
The Financial Stability Oversight Council agreed in a Tuesday vote that the insurer doesn’t pose a special risk to the stability of the financial system, the Treasury Department said in a statement. The other non-banks that had been deemed systemically important financial institutions -- American International Group Inc., MetLife Inc. and General Electric Co.’s financial arm -- had been freed by FSOC over the past few years. The decision to scrap Prudential’s designation removes an additional layer of regulatory oversight, potentially saving the life insurer millions of dollars annually in compliance costs.
Having the designation removed means Prudential has won relief from stricter regulatory oversight. The last of the four non-bank financial companies to bear the label "systemically important" has won relief from stricter regulatory oversight. The government's Financial Stability Oversight Council, a group of market and bank regulators, has removed the designation for Prudential Financial PRU .
Schlumberger Ltd. (SLB), Colgate-Palmolive Co. (CL), Vodafone Group PLC (VOD) and American International Group Inc. (AIG) have declined to their respective three-year lows
The Financial Stability Oversight Council has been considering freeing the Newark, New Jersey-based insurer from heightened oversight for months. FSOC, whose members include the leaders of the Treasury Department, Federal Reserve and Securities and Exchange Commission, designated Prudential as a nonbank systemically important financial institution in 2013. It’s the only nonbank that still carries the label after regulators freed insurers American International Group Inc. and MetLife Inc., as well as General Electric Co.’s financial unit, from the designation in recent years.
AIG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com.
AIG Global Real Estate is seeking buyers for a Manhattan hotel that could fetch more than $200 million, according to a person familiar with the matter. AIG has tapped Eastdil Secured LLC to find prospective buyers for the 310-room Embassy Suites by Hilton New York Midtown Manhattan on West 37th Street, according to the person and marketing documents obtained by Bloomberg. Embassy Suites by Hilton is an upscale, all-suite brand.
It has recently traded at a market-cap-weighted price/fair value estimate ratio of 0.96--a 4% discount to what our analysts believe the sector is worth. While the economy remains relatively strong, increased competition among banks shown in rising funding costs are slowing net interest margin growth, and uncertainty regarding credit costs is increasing. There is a general easing of financial regulation in the United States, but signs of tightening in China, Australia, and Europe.
In May 2017, American International Group AIG announced that Brian Duperreault would replace Peter Hancock as CEO. While AIG has not shown a lot of tangible progress in improving underwriting results so far, it will take some time to solve its issues, given the company's size, the magnitude of its issues, and the inherent delay between implementing better underwriting practices and their appearance in reported results. Given that we see no structural issues in its core operations, we believe that the company gradually trending toward results more on par with its peers is a realistic assumption, now that it has a management team with a solid underwriting background.
American International (AIG) to acquire specialty broker Glatfelter for fortifying its General Insurance segment's foothold.
American International Group Inc said on Friday the insurer will acquire Glatfelter Insurance Group, a York, Pennsylvania-based insurance broker. Privately owned Glatfelter provides services for specialty insurance and has underwriting capabilities that will help boost AIG's general insurance business, AIG said. AIG's latest move comes as Chief Executive Officer Brian Duperreault, who took charge last year, is trying to grow the insurer as part of a strategy for boosting its revenues.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last month, growth of ETFs holding AIG is favorable, with net inflows of $14.57 billion.
FOX Business Network Anchor Stuart Varney was reporting from Wall Street during the thick of the 2008 financial crisis. As the investing world marks 10 years since those events unfolded, InvestorPlace asked him about his memories of that time and to provide his take on what investors should have learned from those dark days. Early in September, Fannie Mae and Freddie Mac were taken over by the government.
Wall Street's profit-generating machine created a jumble of products (MBS, ABS, CDO...) designed to profit off of the relatively mundane business of mortgage lending. These products, which fueled the financial crisis, haven't disappeared and in some cases they are staging a comeback.
Wall Street's profit-generating machine created a jumble of products (MBS, ABS, CDO...) designed to profit off of the relatively mundane business of mortgage lending. Banks, insurance companies, hedge funds and others were hungry to partake, but what seemed like easy profit at first stopped working when borrowers stopped paying on their loans. Ten years ago, the Treasury announced the $700 billion federal Troubled Asset Relief Program or TARP.