AIG Riding High Eight Years After Bailout
September 15, 2016 by Cyril Tuohy
Earlier this year, American International Group surged into the top spot as the No. 1 seller of fixed and variable annuities in the United States for two consecutive quarters.
Come again, now?
Wasn’t it just a few months ago that big investors such as Carl Icahn were calling for the company’s break up?
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Industry analyst and annuity expert Sheryl J. Moore is impressed with how the mammoth company managed to improve its many facets of operation.
“They are a company that operates in multiple distribution channels and are successful in all of them,” said Moore, who as president of Moore Market Intelligence tracks the fixed indexed annuity market. “It’s unusual to see an insurer perform so consistently across distribution channels and hard to pull off.”
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