AIG Posts $7.8B Loss For 1Q

Was it really smart to mix insurance, investment banking, investment management and private banking? Which of the following is a success story: AIG, Allianz, AXA, ING, Citi, Fortis or Generali?

AIG has a strong name brand and recognition among its brokers and insureds. AIG is known as an innovator and leader in the insurance world. The employees are dedicated, loyal and very knowledgable.  Although the past two quarters have been poor, mainly due to sub- prime issues, the core underwriting results remain strong.  In the excess/ umbrella market, AIG continues to dominate. They have...

Implications: 1.Many Regional Financial Institutions have reported similar losses and a Plan for Re-Capitalization. 2. Poor results causation: A. Stock Market Volatility, B.The Credit Crisis and, C. Weakness in the Housing Market. 3.The ESTIMATES , so state, that the sub-prime matter is 75 % to 85  % resolved. In essence, the adverserial affect in the Financial Markets should subside. 4.Most...