Bloomberg - Feb 26, 2010American International Group, Inc. (AIG)
-
Rob Haines
at
CreditSightsChief Executive Officer Robert Benmosche , 65, appointed in August, must increase insurance profits to repay loans in
AIG's $182.3 billion bailout. Benmosche, who has told staff that
AIG was "too big," is also divesting two of the company's largest non U.S life insurance divisions to reduce the firm's draw on a Federal Reserve credit line by $25 billion.
"It's extremely important to see the earnings stabilize somewhat," said Robert Haines , analyst at credit research firm CreditSights Inc in New York. "You had a much improved environment for everybody because of the credit and equity markets."
Share:
Chief Executive Officer Robert Benmosche , 65, appointed in August, must increase insurance profits to repay loans in <span class="company">AIG</span>'s $182.3 billion bailout. Benmosche, who has told staff that <span class="company">AIG</span> was "too big," is also divesting two of the company's largest non U.S life insurance divisions to reduce the firm's draw on a Federal Reserve credit line by $25 billion.<span class="sent"> "It's extremely important to see the earnings stabilize somewhat," said <span class="analyst">Robert Haines</span> , analyst at credit research firm CreditSights Inc in New York.</span> "You had a much improved environment for everybody because of the credit and equity markets." ....Chief Executive Officer Robert Benmosche , 65, appointed in August, must increase insurance profits to repay loans in <span class="company">AIG</span>'s $182.3 billion bailout. Benmosche, who has told staff that <span class="company">AIG</span> was "too big," is also divesting two of the company's largest non U.S life insurance divisions to reduce the firm's draw on a Federal Reserve credit line by $25 billion.<span class="sent"> "It's extremely important to see the earnings stabilize somewhat," said <span class="analyst">Robert Haines</span> , analyst at credit research firm CreditSights Inc in New York.</span> "You had a much improved environment for everybody because of the credit and equity markets." .
Tweet this