AIG will consider takeovers for ‘low billions’ to revive growth

September 13, 2016 by SONALI BASAK, KATHERINE CHIGLINSKY

(Bloomberg) — American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance operation said.

“We are very active in looking at any way to achieve growth, whether it’s organic or inorganic,” AIG Commercial CEO Rob Schimek said Monday in a conference in New York hosted by Barclays Plc. “I would say low billions, or hundreds of millions, is probably a range that I would consider” for a so-called bolt-on deal to strengthen one of his units.

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Originally Posted at LifeHealthPro on September 12, 2016 by SONALI BASAK, KATHERINE CHIGLINSKY.