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AIG's Steve Miller thinking about acquisitions

Published December 13, 2010 at 4:17 PM

"This may shock people," says American International Group Inc. chairman Robert "Steve" Miller in this video interview. "We are starting to think about, 'OK, what kind of acquisitions would fit well with this new multiline insurance company that is going to emerge out of the ashes of what everybody thought was a long-gone AIG?' " The insurance company, which with $180 billion in federal loans is the biggest benefactor of the Troubled Asset Relief Program, has been busy divesting and recently issued its first bonds since the economic collapse. "We're 80% of the way through our reconfiguring the company through these asset sales," says Miller, who is known as the "turnaround kid" for his work rescuing struggling companies, such as Chrysler Corp. in the 1980s. We caught up with Miller at The Deal Economy 2011, an invitation-only event for prominent dealmakers hosted earlier this month by The Deal LLC at the New York Stock Exchange. For more of our conversation, see "AIG's Steve Miller: No search for CEO successor" and "AIG's Steve Miller: 'The rescue has worked.' " - Mary Kathleen Flynn


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