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Sunday, insurer encircled American International Group, Inc. (AIG) is supposedly on the edge to obtain $30 more billion in funds reinflation the government the United States 'the program relief worried by S capital, or the COVER OF PROTECTION. AIG already received $40 billion as an element the COVER PROTECTION the federal reservation, independently of the government of the United States 'of the package of reinflation of S to save it going bankrupt. The federal government has 79.9% of the company now.




The supplier of total insurance based in New York and finance departments tries to fix the funds in order to continue to function after one expects that the greatest loss in the history of corporation of the United States for the fourth quarters announces Monday. AIG prepares to bring back a loss of the gigantic fourth quarters $60 billion.

The enormous loss, driving back mainly depreciations on capital including/understanding the commercial real estate, is likely to lead to the downgrades in its insurance and reputations of solvency, which will force AIG to raise the guarantee that they do not have. AIG, which until last September was the world 'insurer of the S largest, was saved of going bankrupt after reception of a first package of reinflation of government of $85 billion the United States. The federal reservation and the treasure already provided more than $150 billion the assistance to AIG and the federal government has 79.9% of the company now.


This time around the federal reservation must discover other means with reinflation AIG, because its stake cannot exceed the current limit. Without reinflation, the civils servant of EDF fear that a classification of bankruptcy is imminent, and it could be disastrous for the economy, which is sulky on its worse levels of six months there is the scenario. The reports/ratios suggested that the government of the United States revises its programme of reinflation for pin the authorities would slacken the limits, or even countermand a great part, of a loan $60 billion five years with AIG and convert billion-value $40 of the action privileged into shares. AIG can then probably turn over to a level which will enable him to meet its collateral calls and of capital.

Moreover, AIG should not pay the dividend of 10% which it must pay on the privileged action, if the privileged action would be converted into ordinary actions. AIG does not pay any dividend on the ordinary actions. Like consolation, the new plan does not consider any interest and payment of the dividends by AIG on the placement of government which it receives, relieving it of the burden of service of interest, because the government tries to maintain the insurer with flood.

AIG also supposedly plans to publish bonds supported by the $10 billion to the $15 billion in the margin its operations life insurance the United States. In exchange, the government will countermand the majority of the $37 billion in loans which the company borrowed under its facility of the credit $60 billion, all in also bringing back interest rates on future lowerings under the service to the to LIBOR to the rate.

Separately, some other reports/ratios indicated that within the framework of a new plan, AIG will break to the top its companies like prerequisite to receive more assistance of the government. AIG is during the discussions advanced with the American authorities Above a reorganization which would cut the company in at least three government-ordered divisions. Within the framework of the plan suggested, the government would permute its 80% current being held in the insurer for great stakes in three units - AIG 'operations Asian of S, its international businesses and the personal lines businesses of life insurance of the USA. A fourth unit, comprising AIG 's other companies and worried assets, also could be formed.

Other reports/ratios making the rounds were last week that AIG obtained proposals of MetLife, Inc. (MET) and Axa SA (AXA) for insurance Co. of American life, or Alico, a unit of life-insurance spanning more than 50 countries. According to the report/ratio, MetLife made a preliminary proposal for a $11.2 billion for the unit. The price is likely to decrease to approximately $8 billion because of deterioration in the unit the 'financial statement of S. For MetLife, to add Alico would bring customers in five continents, of RU in Japan. Axa 'offers S excludes Alico 'operations from S in Japan, its larger market.

While waiting, AIG is on a festival of sale to refund the loan $60 billion, received as an element of the now the massive package of the reinflation $152 billion. Earlier in month, the company said that it would sell all its companies, except the businesses of property and accident of the United States, foreign general insurance, and an interest of property for some foreign operations of the life.

On February 5, AIG agreed to sell Co. with the Ltd detail of Co. Ltd of public of bank of AIG and chart of AIG (Thailand) at the bank of Co. Ltd of public of Ayudhya. Wall Street Journal reported on February 11 that AIG was in the talks to sell its personal businesses of automobile insurance, the 21st century, at the finance departments of Zurich (ZFSVY.PK, ZFSVF.PK) for more than $2 billion.

AIG 'council of S meets today to solve an agreement with the government. If it does not establish, the possibility of bankruptcy appears indistinctly large on the company. However, since the government took the order of several of AIG 'of exchanges of defect of credit of S placed November, a bankruptcy of the company of holding could not pose the systemic risk this it in the past had. Details of a new package of delivery can be announced when AIG announces results of the fourth quarters Monday.

Of the same Friday, worried financial firm Citigroup (c) received another line of rescue of the government of the USA, reaching a business which makes it possible the government to exchange up to $25 silver billion reinflation for a greater stake at the bank. ISIC indicated that it would publish the ordinary actions in exchange of the preferred values, which would appreciably increase its common stockholders' equity or real TCE without investment of additional public of the United States. ISIC would offer to exchange the ordinary actions for up to $27.5 billion its existing preferred values and confidence preferred values at a price of conversion of $3.25 per share.

The government of the United States will match this exchange until a maximum of $25 billion face value its action privileged at the same price conversion. According to the business, the government of the United States will have approximately 36% of ISIC 'of exceptional ordinary actions of S and the existing shareholders will have almost 26% of the not deadened actions. Earlier, the $45 billion held by the government in privileged actions, rising with a stake 7.8%, when it injected the money cash in the encircled finance company.

AIG enclosed the regular session of trade of Friday 'of S with $0.42, bellow of $0.10 or 19.23% on a volume of 66.59 million shares, higher than three months the average volume of 41.19 million shares. During last the 52 weeks time, the actions had traded a broad range from $0.38 to $49.50.

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NEW YORK, February 9, 2009-- AIG, American International Group Inc. The depth of the talent enabled him to survive at the beginning of a certain number of senior officers since its financial crisis began September spent, but an increase in the defections in recent weeks opacifies its future, said the people in the sector of the insurances which work with AIG and observant industrial.

The loss of managing director can raise questions enough among customers whom it could threaten health of its business transactions of core, around whose the President and the senior officer OfficerEdward Liddy for reorganizing the company, said Stewart Johnson, of fusion and advisory firm PhiloSmith acquisitions of insurance.


Usually, with companies like this, there? principal type of SA? Johnson indicated. ? The key is not only the knowledge of the businesses, but the reports/ratios. Without principal type, it becomes much more difficult. Ouais, other people worked with him, and do these other people remain with AIG, but when you leave the strategist first-string, who doesn? T facilitate it to gain. ?

AIG? the commercial group of S.A. considering the control of the principal capital decapitated as senior officers suddenly to leave, in certain trailing cases of other principal frameworks.

In December, Kevin Kelley, long-term President and senior officer of insurance Co. of Lexington of powerplant of AIG, suddenly left to become senior officer at Ironshore Inc., fascinating with him Shaun Kelly, Lexington? chair and Director of the Operations of S, to direct Ironshore 'operations of S the United States. In weeks they were joined by six other senior officers of the business enterprises of AIG (BestWire, January 22, 2009).

There is no question that there is a level of the departures, and that by level had increased? Yes, they bleed, but it is difficult to evaluate the level of the flow of blood, analyst says Joyce Sharaf of hour of the better morning.

Sharaf indicated that AIG can not record a commercial loss of paralysis even if it continues to lose the principal executives.

It? SA little too early with being able to draw up a relationship between a loss of businesses and departures of the employees? she said.

However, AIG? the culture of company of S could enable him to assemble the wave of the defections outside, indicated Ernst Csiszar, former chief of the association of insurers of accident of property of America and former police chief of insurance of South Carolina which is director of insurance for the group of strategy of bridge of advising and a university of member of the faculty of South Carolina.

I think them? did the VE obtain a rather good bench? Csiszar indicated. ? I? people of AIG seen by VE with customers. When they bring a team inside, yes, naturally, there is it a star, is he the purchase of report/ratio, if you, but are rather deep in terms of their people including/understanding the account. ?

AIG (NYSE: AIG | Quotation | Diagram | News | PowerRating) was saved bankruptcy in September by a federal plan of delivery which since became more than $150 billion, and tries to sell capital to refund federal loans. It employs? payment of conservation? programs to be held on the principal executives during its reorganization, and for what the company was severely criticized (BestWire, December 17, 2008).

Did John Doyle, president and senior officer of the commercial insurance of AIG, say that AIG? depth of S of talent? and its know-how of insurance -- prevented the executive losses from wounding its commercial businesses. He said that he did not hear the negative feedback of the customers about the departures.

While us? did the VE lose some good people, as do it normally us, turnover is not a problem? he said. ? Our customers are known well in all our organization. Reports/ratios of customer here are not controlled by one or some various unspecified people.

To the customer of AIG he says the reports/ratios are more than right the personal contacts.

Is part of these reports/ratios directly related to the capacity which we provide to our customers, to the products we provide to our customers, and to the services we provide to our customers? he said. ? When do we lose ourselves people with other people, in the majority of the cases these people put? do T have the capacity which we have, they put? do T have the products which we have, they put? T have the depth of the services which we have. ?

Do the majority of the insurance companies of AIG currently have the best? financial estimate of force of S of has (excel) with negative prospects.

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Maurice Hank Greenberg, the man who directed American International Group during almost 40 years and who runs C.V now. Starr and Co., are joined together with some frameworks which were accustomed to working under him when it ran pin.

C.V. Starr joins Bermuda shorts-based Ironshore Inc. to form a new agency of excessive insurance. The new agency will be known as arranges excessive Iron-Starr limited. The Iron-Starr excess will act as a speciality raye the insurance and reinsurance controlling the general agency, domiciled in Bermuda.



The new agency will write the catastrophic excessive products of insurance accidents, aiming at fortune 2000 and other customers buying of the insurances of excess of cat. Limits of policy up to $75 million will be published.

This association makes it possible Ironshore to enter the excessive market of accident with the additional support and the support to offer greater limits, compatible with the needs for our customers, President known as of Kevin Kelley, Ironshore 'of S again and former President of AIG 'of giant lines of surplus insurer, the insurance of S of Lexington, which was useful under Greenberg.

We wait with interest to develop a report/ratio of long time with C.V. Starr and naps excited about this new company. This arrangement to secure customer that during these provocant period, they syndicated alternate which includes/understands their needs and with the experiment to be, long-term of solution Kelley said.

There are significant occasions on this market, and C.V. Starr like Ironshore with the team to obtain work carried out. We are magic partnering with them in this company, said Greenberg, President and President of C.V. Starr.

C.V. Starr is a company of holding independent-had with agencies of insurance and a booklet of the total investments.

Greenberg remains one of AIG 'shareholders of S of larger. He criticized the management of AIG since he left the company in 2005 and, recently, some of the plans to liquidate certain capital of pin.

This business with Ironshore gives Greenberg in the businesses with several frameworks that Ironshore deluded starting from AIG these last months.

One day last month after him stole Kelley de Lexington, Ironshore announced that another former director of Lexington, Shaun Kelly, had been appointed President of the operations of the United States. Kelly had been president and Directeur of the Operations of Lexington.

Ironshore also named old AIG executive Steven England as an executive vice-president responsible for his operations of recent creation of guarantee of accident of property of the United States based with St Louis, Missouri. Two other frameworks of AIG, Jordan Gantz and Jim Irosnhore also jointed without elegance and both report/ratio with Steve England.

Moreover, Joe Boren and John O 'Brien, formerly with AIG, joined as President and president, respectively, of Ironshore 'of facility of environmental guaranteed emission lately established S.

AIG had paid allowances of conservation in an effort to stop the exits of the executives.

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