P&C will be at AIG’s core

AIG chief executive Robert Benmosche has told in-house newsletter Contact that the firm’s global property-casualty business will be its core, Reuters reports.

"W that we are on our way to regaining our stature as the largest and most successful property-casualty operation in the world, with strong US life and annuity companies, and several other businesses that enhance the nucleus."

"When I arrived at AIG, the most important thing was that we stabilize the company and go back to producing good business results," Benmosche told Contact. "I believe we have accomplished that -- faster than I thought."