Principal Cynthia Borrelli was quoted in the Business Insurancearticle, “AIG set for growth after losing ‘too big to fail’ tag,” by Gloria Gonzalez and Matthew Lerner on October 2. The article discusses AIG’s goal to grow the company, including their plan to fully engage in mergers and acquisition opportunities. In a recent vote, the Financial Stability Oversight Council rescinded AIG’s “too big to fail” designation.
“They didn’t just have the designation. They were the root cause of federal financial regulation geared toward eliminating risk in the insurance industry. They really wore the scarlet letter so the fact that they have done enough in terms of de-risking, shedding a lot of their diverse operations to limit the risk to the enterprise successfully in less than 10 years, it’s pretty amazing,” said Cynthia.
To read more of Cynthia’s input and the entire article on the Business Insurance website, click here.