The Treasury Department is selling today its remaining 16 percent of American International Group common shares, putting an end to the government's 50-month shotgun financial tryst with the global insurer.
Industry officials, financial analysts and Washington insiders speculate that Treasury's sale of its remaining 234 million common shares of AIG through an initial public offering will set the stage on Thursday for designation of AIG as the first systemically significant non-bank. That is expected to take place at a closed meeting of the Financial Stability Oversight Council.
Washington Analysis, a buy-side analyst group, said in a weekly bulletin to subscribers Monday that the FSOC will likely have on its agenda whether to designate AIG, Prudential Financial and General Electric as systemic significant non-banks.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
