(Bloomberg) – Now that American International Group Inc. is no longer too big to fail, it has a goal: Get bigger.
The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis. That may allow new Chief Executive Officer Brian Duperreault to pursue the takeovers he's said he's wanted to do.
"It's just one less level of oversight concerning the acquisitions he might pursue," said Elyse Greenspan, an analyst at Wells Fargo & Co.
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