Bob Benmosche is in a very good mood.
One could hardly blame him. The CEO of the once-beleaguered American International Group (AIG) has much to smile about these days: Under his leadership, AIG repaid its debt to the U.S. government in full last November, with $22.7 billion in interest. Then, right after he achieved that milestone—one that many industry observers thought next to impossible—the International Insurance Society announced on Jan. 2 that it will induct Benmosche into the 2013 Insurance Hall of Fame.
With its bailout chapter now behind it—and a "Thank You, America" TV ad campaign blanketing the airwaves—Benmosche says AIG can move forward with renewed focus on its core business as a global insurer—and embrace its future, rather than dwelling on its past.
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