AIG’s ( AIG ) former Chairman, Harvey Golub, recently caused a stir saying that AIG should not exist in the future and should be split up between its life and property & casualty business. He argued that the two business units are more valuable separately than combined together as there is no strategic fit between them. Current Chairman, Steve Miller, told reporters that AIG will keep its two businesses together as they help diversify the other’s risk. AIG is one of the largest insurance companies in the U.S. and competes with MetLife ( MET ), The Hartford ( HIG ) and Prudential ( PRU ).
Visit http://landlords-insurance-san-diego.itpatil.com for more information about Landlords Insurance San Diego
AIG’s property & casualty unit is branded as Chartis Inc. while its life insurance unit is called SunAmerica Financial Group. These two sections account for 42% and 9% of AIG’s stock price respectively. We have a price estimate of $30.36 on AIG’s stock which is about 25% below its current market price.
Visit http://landlords-insurance-san-jose.itpatil.com for more information about Landlords Insurance San Jose
Former Chairman of AIG, Harvey Golub, was hired in 2009 to help oversee asset sales and simplify a company that leased planes, held derivatives and insured mortgages. He had his differences with current CEO, Mr. Benmosche, over the divestiture of AIG’s biggest non-US life insurance unit, AIA Group Ltd. and was replaced by Steve Miller.
Visit http://landlords-insurance-detroit.itpatil.com for more information about Landlords Insurance Detroit
Reviewing Key AIG Businesses After Golub Calls for Co to Split – NASDAQ