MetLife spinoff plan hedges SIFI and activist risk

January 13, 2016

The $50 bln insurer may offload its U.S. retail arm. Boss Steven Kandarian is fighting watchdogs over the systemic label, but carving out the parts most vulnerable to capital hikes lessens the impact of losing. And Carl Icahn’s agitation at AIG shows insurers need to stay alert.

MetLife CEO should revel in his anonymity

July 29, 2014

That almost no one knows ol’ so-and-so is good for shareholders. How he handles the mega-insurer’s likely designation as a systemic threat could change that. A Jamie Dimon-style fight would be foolish. Better to speak softly and keep the name Steve Kandarian out of headlines.

Uncle Sam’s AIG exit likely to be drawn out

September 28, 2010

There's no quick way for the U.S. government to exit American International Group. Converting $49 billion of preferred stock to common shares and selling them would, like the government's exit from Citigroup, take a while.

AIG’s Alico sales may delay, confuse taxpayer exit

February 10, 2010

The plot is thickening again for the American International Group bailout.