AIG decision threatens too-big-to-fail insurer label

Fragmentation of international rules on cards as US denounces systemic designations

In the middle of September 2008, the world’s largest insurer at the time, AIG, received a cash injection from the US Federal Reserve of $85 billion in return for 80% of its equity. A further $100 billion was needed to shore up the failing insurer over the following year, making it the largest corporate bailout in US history. Almost exactly nine years later, federal regulators have been escorted out of AIG’s New York headquarters, leaving direct supervision solely in the hands of state insurance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: