Search
 

AIG’s Peter Eastwood: Better Days Ahead

Following the U.S. Treasurys recent sell-down to a minority stake in American International Group, two ratings agencies offered positive assessments of the insurance giant, with Moodys Investors Service calling the development another credit-positive milestone and Fitch Ratings stating that the recent actions have rejuvenated AIG. Peter Eastwood, President & CEO...

By Shawn Moynihan | Updated on October 01, 2012
Following the U.S. Treasury’s recent sell-down to a minority stake in American International Group, two ratings agencies offered positive assessments of the insurance giant, with Moody’s Investor’s Service calling the development “another credit-positive milestone” and Fitch Ratings stating that the recent actions have rejuvenated AIG.

Peter Eastwood, President & CEO of the Americas for Chartis, spoke with NU about why he believes the future is bright for the rebounding carrier.

How do you see the remainder of 2012 playing out, with regard to AIG’s resurgence?

I’ve worked for the company for 21 years, and I’ve never seen a more exciting time within AIG. If you go back over the last four-and-a-half years, starting with AIG’s liquidity event in September of 2008, I think many people would have said that it was unlikely there would be an AIG. I think those who were optimistic believed it would be many years before we would see clarity beyond AIG’s [financial] situation, its capital management and what its business was going to be.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Shawn Moynihan

Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].

More from this author

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.