AIG’s Fortitude Re sell-off ‘positive’ despite forecast earnings hit: KBW

AIG – New York

AIG’s 76.6 percent stake sale of Bermudian run-off vehicle Fortitude Re will hit its book value of equity per share (BVPS) by $5.62 at deal close but remains a credit positive for the Brian Duperreault-led firm, according to equity analyst Keefe, Bruyette & Woods.

Want to read this article?

Subscribe for FULL access to this article - and ALL our premium content

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey
Commercial director
Email: spencer.halladey@wbmediagroup.com
Tel: +44 (0) 203 934 6687

Andy Stone
Sales manager
Email: andy.stone@wbmediagroup.com
Tel: +44 (0) 203 934 6684

Subscribers get access to:

  • Breaking news by email on all critical issues
  • Trusted analysis and commentary
  • Opinion from market thought-leaders
  • Exclusive data on the industry
  • Daily digital newsletter
  • Full access to our online archive

 

If you are a subscriber you can SIGN IN now for FULL access