AIG - wohin geht der Weg ?

Verloren hat man erst, wenn man Verluste realisiert hat.  

für die Kreditlinie ?

31.12.2008 20:35
UPDATE 2-AIG may seek to ease loan repayment terms-reports

NEW YORK, Dec 31 (Reuters) - American International Group Inc (News/Aktienkurs) may seek to ease terms for repayment of a $60 billion U.S. government loan in a bid to get better prices for its assets, according to media reports.

The proposed change could allow bidders for several AIG units currently on the auction block to finance deals with more stock or other forms of non-cash consideration than currently allowed, the Financial Times and the Wall Street Journal reported, citing people familiar with the situation.

AIG spokesman David Monfried declined to comment on any specific proposal, saying the company was engaged in frequent conversations with the Fed about how to repay U.S. taxpayers as quickly as possible and maximize the value of its assets.

'Any creative way of getting there is worth considering,' Monfried said. 'We have not gone to the Fed with a formal request to change the terms of our agreement with the Fed or the Treasury.

'One could speculate that this comes from very interested buyers, who are hoping that the government would accept more than 10 percent equity, and hoping to take some of these wonderful assets for less cash than we and the Fed would like,' Monfried said.

Under current terms, AIG's asset sales must be paid for with at least 90 percent cash.

The U.S. government bailed out AIG in September after bad mortgage bets left it on the verge of collapse. Its rescue was sweetened in November when the Federal Reserve and U.S. Treasury stepped in with more cash to buy mortgage assets that had left the insurer deeply in the red, and to ease the terms of its loan repayment.

AIG management's appeal to change the repayment terms is aimed at boosting competition in the unit sales and countering the perception that it is being forced to sell units at bargain prices to repay the loan, the Financial Times said.

AIG plans to retain its global property-casualty units and a stake in its life insurance operations but sell the rest to repay part of the government bailout, which has swelled to $152 billion.

AIG's shares were down 4 cents, or 2.6 percent, at $1.52 during afternoon trading on the New York Stock Exchange.

(Reporting by Lilla Zuill and Paritosh Bansal in New York and Ajay Kamalakaran in Bangalore; Editing by David Cowell and John Wallace) Keywords: AIG/

(lilla.zuill@thomsonreuters.com;+1 646 223 6281)

COPYRIGHT

Copyright Thomson Reuters 2008. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.  

und darf nun auch Schrott als Rückzahlung bei der Regierung abladen. Damit erfolgt eine Gleichbehandlung, nachdem die Ban ken zuvor die Regierung weich geklopft hatten, nicht mehr zu Marktpreisen, sondern zu vereinbarten Preisen abzugeben.  

 

AIG Commercial Insurance strafft Unfallversicherung für Körperschaften des öffentlichen Rechts durch Lexington Insurance Company

05.01.2009 21:03
AIG Commercial Insurance Streamlines Casualty Insurance for Public Entities Through Lexington Insurance Company

Lexington to Manage Public Entity Portfolio of AIG Specialty Excess Unit

AIG Commercial Insurance, today announced that it will service all casualty insurance coverage for the public sector through its Lexington Insurance Company unit. Specifically, effective as of January 1, 2009, Lexington’s Casualty Division will manage the public entity commercial umbrella and excess casualty portfolio of AIG Specialty Excess, a division of AIG Excess Casualty, which along with Lexington specializes in addressing the risks of public entities, utilities and transit agencies.

The organizational change streamlines access to excess casualty insurance through a centralized underwriting and claims resource for clients and brokers. Lexington, and other AIG Commercial Insurance units, can provide a full selection of insurance products and services to public entities, including workers’ compensation, excess workers’ compensation, environmental, property, construction, auto liability, executive liability and accident&health programs.

”Consolidating our underwriting and claims capabilities for public entities creates synergies to benefit customers and improves service which brokers will appreciate,” said David J. Bresnahan, Executive Vice President, Lexington Insurance Company. ”The move delivers efficiency without sacrificing product strength, capacity or important underwriting relationships.”

For more information about insurance solutions for public entities, visit www.aig.com/publicentitiessolutions. For questions, contact Susan Kostro, Vice President, Lexington Insurance Company at 617-330-8335 or susan.kostro@aig.com.

AIG Commercial Insurance serves a wide range of customers from multinational and middle-market companies to non-profit organizations and small entrepreneurs. Its extensive product offerings include general and excess liability, property, management and professional liability, workers’ compensation, accident and health, environmental liability, and integrated global programs for multinational companies. AIG Commercial Insurance also maintains dedicated industry groups to serve the insurance needs of the aviation, construction, education, energy, financial institution, healthcare, marine and real estate sectors.

AIG Commercial Insurance is the marketing name for the domestic commercial property casualty insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products are written by insurance company subsidiaries of AIG Commercial Insurance Group, Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. As a surplus lines insurer, Lexington Insurance Company does not generally participate in state guaranty funds. Non-insurance products and services may be provided by independent third parties.

American International Group, (News/Aktienkurs) Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

Contacts:

American International Group, Inc.
Peter Tulupman, 212-770-3141
Public Relations Manager



http://www.finanznachrichten.de/...exington-insurance-company-004.htm  

http://research.stlouisfed.org/fred2/series/WAIG
 

Maurice Greenberg, der frühere Chef der AIG, will den Verkauf der AIG-Tochter Hartford Steam Boiler an die Münchener Rück stoppen. In einem Brief an den Vorstand verlangt Greenberg, der größte AIG-Einzelaktionär, eine Liste der Bieter. AIG hätte mehr als die 742 Mio. USD erzielen können, die die Münchener Rück gezahlt hat, so Greenberg.  

Was man will und was man kann sind zwei verschiedene Paar Schuhe.
Warum sollte AIG etwas unter Wert verkaufen. Man hätte sicher gern einige
Mios. mehr erzielt, wenn man gekonnt hätte.  

Quelle: Newsletter "Daily Trader" der Lang & Schwarz Wertpapierhandel AG  -  07.01.2009 8:30  

Ich wollte Deinen Beitrag nicht anzweifeln und kann mir auch gut vorstellen,
daß MG das versuchen will. Glaube aber nicht daran. MG ist zwar der größte
"PRIVATE" Aktionär, hat aber keinen Einfluß mehr auf AIG. Die Musik machen
heute andere. Jeder weiß doch, ob KLEIN oder GROSS, wem man das Dilemma
zu verdanken hat.  

hatte Greenberg zu viel MUT zum Risiko - oder was wirst Du ihm vor ?

was wirfst Du ihm vor - muss es heissen.

Werfe Greenberg gar nichts vor.
Er akzeptiert nur nicht, daß er nichts mehr zu melden hat.
Und das ist auch gut so!  

WICHTIGSTE INSIDER & RULE 144 EIGENTÜMER
 
Eigentümer§                                          Aktien Gemeldet  
STARR INTERNATIONAL CO INC
                                                207.300.886 2-Jan-09  
MAURICE R. & CORINNE P. GREENBERG
JOINT TENANCY CO                                25.269.689 29-Sep-08
          §  
C V STARR & CO INC                                19.088.682 5-Dec-08
          §  
GREENBERG MAURICE R                12.961.458 30-Sep-08
          §  
C.V. STARR & CO., INC. TRUST                  8.580.850 29-Sep-08

AIG (Common Stock)  
Price 1.49 Change - 0.09
Volume 30,995,600 % Change 5.70%
Intraday High 1.55 52 Week High 59.42
Intraday Low 1.49 52 Week Low 1.25
Today's Open 1.54 Currency US Dollar
Previous Close 1.58 Exchange NYSE

Times & Sales Zeit Kurs  Stück  
10:47:07 1,14  1.200  
10:25:47 1,13  4.000  
10:12:04 1,15  7.300  
10:06:42 1,13  3.470  
09:50:41 1,13  1.500  
09:49:47 1,13  2.949  
09:34:22 1,14  3.500  
09:27:10 1,14  1.000  
09:01:53 1,14  500

Kleinanleger, die auf einen schnellen EURO aus sind.  

Auszug:
"Schön sind auch die Herren von der AIG, die für 400 ihrer Manager nun 450 Millionen Dollar an Boni auszahlen. Kein Problem die AIG hat ja gerade erst 150 Milliarden Dollar vom amerikanischen Steuerzahler bekommen. Da muss man sich ja was gönnen. Klar ist auch welche Manager die Boni bekommen. Natürlich die, die die AIG in die Scheiße geritten haben. Die Helden von der Credit Default Swaps Front. Dafür wurden aber wenigstens die Unschuldigen entlassen."  

dadurch geholfen ? Es gab doch sicherlich in USA die vereidigten Prüfungsgesellschaften !


Zitat:

19:55 27.01.09

New York (aktiencheck.de AG) - Christian Milton, früherer Manager des US-Versicherungskonzern American International Group Inc. (AIG) (Profil), muss Presseberichten zufolge ins Gefängnis.

über die Prämien an die Manager wäre der Kurs gestern garantiert besser gelaufen.Solche Nachrichten schaffen nicht gerade Vertrauen in die AIG.  

@rico hat von der Liquidität - die bei der FED geparkt ist - gesprochen.

Ist das der Beweis, daß HEUTE die privaten Banken das Börsen-Risiko (durch Aktien-mix) nicht mit den Gewinnchancen "in Einklang bringen können" ?

Ackermann zieht sich aus dem "Eigenhandel in Namen der DB" zurück, weil auch er und seine Börsen-Gurus die international agierenden Börsen-Spieler nicht mehr verläßlich einschätzen können - ist das richtig ?

"DIE CB" hat den COM-INVEST CB-Geldwertfond (als Tagesgeld) angeboten und sichert einen stätig steigenden KURS v. 0,1 % / Tag mit einem mix aus Aktien und Bundesanleihen. Der Fond ist aber auch kein SICHER deponiertes GELD ! Hier gibt es definitiv eine Marktlücke - keiner will mit seinem "schwer erarbeiteten bzw. anvertrauten GELD" ein Risiko eingehen. Sonst würde sich z.B.  Ananas (hier im Forum) nicht den TERMIN gesetzt haben.

Interessant wird seine Entscheidung sein, die er nach einem möglichen Verkauf von AIG zu treffen hat.

Ausschnitt aus dem Artikel:
"Die Vorliebe für Kaminzimmer und Firmenjets schien besonders bei Unternehmen ausgeprägt zu sein, die jetzt stark unter der von ihnen mitverantworteten Finanzkrise leiden. Auch das Speisezimmer von Maurice Greenberg, dem langjährigen Vorstandschef des mittlerweile von der Regierung kontrollierten Versicherungsriesen AIG, hatte einen offenen Kamin. AIG geriet jüngst in die Schlagzeilen, weil der Konzern trotz der staatlichen Hilfen für eine halbe Million Dollar eine Sause von Managern und Kunden in einem noblen kalifornischen Hotel finanzierte. Als Pläne für eine weitere derartige Veranstaltung bekannt wurden, wurde sie kurzfristig abgesagt. AIG hat mit sieben Flugzeugen auch eine der größten Flotten mit Firmenflugzeugen unter den Empfängern staatlicher Hilfen. "Unsere Flugzeuge werden nur noch sehr selten benutzt", heißt es bei AIG."  

wie gemein :(
Keine Freunde hier... :-((  

 

http://www.reuters.com/article/marketsNews/...0245312920090203?rpc=44

Mon Feb 2, 2009 8:48pm EST
NEW YORK, Feb 2 (Reuters) - American International Group Inc (AIG.N) on Monday filed court papers laying out its case for seeking to reclaim a long-contested block of AIG stock from privately held Starr International Co, a company controlled by AIG's former CEO, Maurice Greenberg.

AIG is pursuing its claim for shares held by Starr, claiming breach of fiduciary duty, at the same time as it deals with the more pressing matter of repaying a $60 billion taxpayer loan after the U.S. government stepped in to save it from collapse under bad mortgage bets.

Starr's ownership of AIG stock has been in contention since early 2005 when Greenberg left AIG. The firm held about 290 million shares at the time. It has sold about 80 million shares since, according to Reuters data.

A trial to settle the matter is scheduled to begin in Manhattan on Mar. 2.

"The trial will decide who is entitled to the large block of AIG stock ... Maurice Greenberg, the former AIG chief executive who misappropriated the stock when he left AIG four years ago under investigation for accounting fraud; or the current and future employees of AIG for whom the stock was put in trust nearly 40 years ago," said AIG's pretrial brief, prepared by law firm Paul, Weiss, Rifkind, and filed in Manhattan federal court late on Monday.

Starr International is the original plaintiff, after filing a 2005 lawsuit against AIG to reclaim items that remained behind when Greenberg quit, including a collection of paintings by artists such as Vincent Van Gogh. AIG made a counterclaim for the stock.

Starr International had held a sizable stake in AIG since 1970 when Greenberg structured the firm as a vehicle to both protect the insurer from hostile takeover and fund incentive compensation for AIG's best-performing employees.

The value of the shares held by Starr International was about $20 billion in 2005, when it ceased to be a compensation vehicle for AIG executives. It is now run by Greenberg as a private investment vehicle and for charity.

AIG's lawyers are to argue that Starr International had a long-standing, irrevocable obligation to fund deferred compensation for AIG employees, something it says is even more acutely needed now that it has fallen on hard times.

AIG is seeking to wrest back unsold shares worth about $270 million at AIG's current stock price, as well as proceeds from stock sales since 2005.

Boies, Schiller & Flexner, the law firm representing Starr International, is expected to shortly file its own pretrial memorandum.

"AIG, having dissipated its assets, now seeks to divert assets committed to charity so its top executives can take more undeserved bonuses," said Starr's lawyer Robert Silver, in an email responding to AIG's claims.

Greenberg left AIG amid a broad investigation into the insurer's accounting practices and use of offshore vehicles led by then-New York Attorney General Eliot Spitzer. AIG settled the probes, which included the U.S. Securities and Exchange Commission and Department of Justice, for $1.6 billion in 2006.

Greenberg continues to fight the charges. (Reporting by Lilla Zuill; Editing by Gary Hill)