Deals
AIG Is No Longer Too Big to Fail, So Now It Wants to Get Bigger
- Freed of government’s SIFI tag, insurer may seek acquisitions
- Time for AIG to be ‘adding, not subtracting,’ analyst says
Pedestrians walk past the AIG headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Now that American International Group Inc. is no longer too big to fail, it has a goal: Get bigger.
The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis. That may allow new Chief Executive Officer Brian Duperreault to pursue the takeovers he’s said he’s wanted to do.