While dozens of insurance companies made big news in 2011, none could come close to matching the sheer quantity of headlines grabbed by AIG—the recipient of an $182 billion government bailout and an industry giant whose Chartis division is one of the key P&C players.
The roller-coaster year started strong when in January AIG CEO Robert Benmosche declared that despite its financial challenges, the beleaguered multinational insurance corporation could "see the finish line" as it continued to pay down its debt to the Federal Reserve and raised money from private investors.
The comeback continued with more good news in February when AIG reported strong earnings of $11.2 billion for the fourth quarter of 2010.
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