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Following the U.S. Treasury’s recent sell-down to a minority stake in American International Group, two ratings agencies offered positive assessments of the insurance giant, with Moody’s Investor’s Service calling the development “another credit-positive milestone” and Fitch Ratings stating that the recent actions have rejuvenated AIG.

Peter Eastwood, President & CEO of the Americas for Chartis, spoke with NU about why he believes the future is bright for the rebounding carrier.

How do you see the remainder of 2012 playing out, with regard to AIG’s resurgence?

I’ve worked for the company for 21 years, and I’ve never seen a more exciting time within AIG. If you go back over the last four-and-a-half years, starting with AIG’s liquidity event in September of 2008, I think many people would have said that it was unlikely there would be an AIG. I think those who were optimistic believed it would be many years before we would see clarity beyond AIG’s [financial] situation, its capital management and what its business was going to be.

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Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected]

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