American International Group officials said Friday they are preparing for regulation by the Federal Reserve Board in addition to state regulation.
Indeed, contrary to the views of most other insurance companies, Robert Benmosche, AIG president and CEO, said, "in a way, we see it as a big positive."
The comments were obviously linked to the announcement after the market closed on Friday that the Treasury Department is selling 163,934,426 shares of its AIG common stock at $30.50 per share in a public offering.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.