Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  American International Group Inc    AIG

Delayed Quote. Delayed  - 08/26 07:18:11 pm
58.87 USD   -0.12%
08/24 AMERICAN INTERN : Canada Pension Plan Investment Board May Acquire L..
08/24 AMERICAN INTERN : Aig in early talks to sell lloyd's business
08/23 AMERICAN INTERN : AIG in talks to sell Lloyd's insurance business to..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

American International Group Inc : AIG Introduces Collateral Flex Option, a New Risk Financing Solution for Casualty Clients in the U.S.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/21/2013 | 04:35pm CEST

American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing solution for companies with large deductible casualty insurance programs in the U.S.

CFO provides a flexible alternative for companies that would otherwise need to tie up capital or maintain costly lines of credit to meet the collateral requirements that come with large deductible policies. The CFO option is available for a wide range of companies, including those that need it most: smaller firms that may have yet to earn an investment-grade rating.

"Posting letters of credit or other forms of collateral for large deductible insurance programs can exacerbate the challenges companies already face with tight credit markets," said Russell Johnston, Product Line Executive, US and Canada. "We're offering customers an option that did not exist before. "

CFO is available to qualified AIG clients as a way of deferring collateral requirements by up to 50% on large deductible Workers Compensation, General Liability, and Commercial Automobile Liability insurance policies, on an annual basis. Annual CFO amounts deferred for all policy periods of the company's insurance program with AIG can range from a minimum of $500,000 to a maximum of $5,000,000, subject to a limit of 50% of the insured's total annual collateral posting requirement.

"CFO is an innovative risk management finance solution for customers who want to put more of their capital at work for their business," said Joseph A. Davide, Senior Vice President and Product Line Officer, US Primary Casualty. "This was evident in the positive feedback that we received from a diverse group of companies that took part in a recent pilot program."

For more details, please contact your AIG Regional Casualty Executive. Eligibility for CFO will be solely at AIG's discretion.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig |Twitter: @AIG_LatestNews| LinkedIn: http://www.linkedin.com/company/aig

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. (AIG). Not all products and services are available in every jurisdiction, and insurance coverage is governed by actual policy language. Certain products and services may be provided by independent third parties under contract with AIG or its subsidiaries or affiliates. Insurance products may be distributed through affiliated or unaffiliated entities. In Europe, the principal insurance provider is AIG Europe Limited.

AIG
Matt Gallagher, 212-458-3247
matthew.gallagher2@aig.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN INTERNATIONAL GRO
08/25 AMERICAN INTERNATIONAL : Trademark Application for "LEXNANOSHIELD" Filed
08/25 AMERICAN INTERNATIONAL : Trademark Application for "AG EXAM-FREE TERM UPGRADE" F..
08/25 AMERICAN INTERNATIONAL : Trademark Application for "IDL MAX" Filed by American I..
08/24 AMERICAN INTERNATIONAL : Canada Pension Plan Investment Board May Acquire Lloyd'..
08/24 AMERICAN INTERNATIONAL : Aig in early talks to sell lloyd's business
08/23 AMERICAN INTERNATIONAL : AIG in talks to sell Lloyd's insurance business to CPPI..
08/23DJAIG in Talks to Sell Lloyd's Insurance Operations to Canada Pension Fund
08/23DJAMERICAN INTERNATIONAL : AIG in Talks to Sell Lloyd's Insurance Operations to Ca..
08/23 AMERICAN INTERNATIONAL : AIG Names Cindy Leggett-Flynn as New Chief Communicatio..
08/16 AIG AGREES TO SELL UNITED GUARANTY T : Aig)
More news
Sector news : Multiline Insurance & Brokers - NEC
06:12p ALLIANZ : AXA prevails after U.S. trial on excessive fund fees
12:59a ALLIANZ : Austria's Heta says winding down of assets progressing well
08/24DJPOWER FINANCIAL : Putnam Adds Ex-Morgan Stanley Executive Greg Fleming to Board
08/24DJUNICREDIT : PZU Plans to Buy Banks in Poland, Expand Insurance Business Abroad -..
08/24DJUNICREDIT : PZU Plans to Buy Banks in Poland, Expand Insurance Business Abroad
More sector news : Multiline Insurance & Brokers - NEC
News from SeekingAlpha
08/25 ALPHA FROM EQUAL-WEIGHTING : A Look At Consumer Discretionary
08/23 WSJ : AIG in talks to sell Lloyd?s of London insurance operations
08/22 Inside "Bankruptcy For Banks" - Dr. Dodd Frank And Mr. Appropriations Bill.
08/22 Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2016 Update
08/21 Tracking Carl Icahn's Portfolio - Q2 2016 Update
Advertisement
Financials ($)
Sales 2016 52 409 M
EBIT 2016 5 919 M
Net income 2016 4 175 M
Debt 2016 -
Yield 2016 2,12%
P/E ratio 2016 15,26
P/E ratio 2017 10,55
Capi. / Sales 2016 1,20x
Capi. / Sales 2017 1,23x
Capitalization 63 105 M
More Financials
Chart AMERICAN INTERNATIONAL GRO
Duration : Period :
American International Gro Technical Analysis Chart | AIG | US0268747849 | 4-Traders
Full-screen chart
Technical analysis trends AMERICAN INTERNAT...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 64,4 $
Spread / Average Target 9,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Peter D. Hancock President, Chief Executive Officer & Director
Douglas M. Steenland Chairman
Jeffrey Joy Hurd Chief Operating Officer & Executive Vice President
Siddhartha Sankaran Executive VP, Chief Financial & Accounting Officer
Philip Fasano Chief Information Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN INTERNATIONAL..-4.89%63 073
ALLIANZ SE-20.24%67 211
CHUBB LTD7.88%58 256
ZURICH INSURANCE GROUP..-5.53%38 711
MARSH & MCLENNAN COMPA..21.93%34 810
BB SEGURIDADE PARTICIP..25.05%17 765
More Results