AIG to buy back another $5bn in shares from US Treasury
AIG has been rated as a “moderate credit risk” because it uses debt to buy back shares off the US Treasury.
Moody’s gave AIG a “Baa1” rating on the ability to repay its unsecured debt. AIG has taken on debt to buy back another $5bn (£3.1bn) in shares from the US Treasury.
In total, AIG will have snapped up $13bn (£8bn) in shares from the US Treasury, whittling down the US government’s ownership this year to 22% from 77%.
AIG was nationalised by the government in 2008 after a series of bad bets on the US housing market.
Baa1 is rated as “medium grade, with some speculative elements and moderate credit risk”.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
No comments yet