New chief readies plan to reshape AIG. (cover story)

This article reports on the plan of American International Group Inc. (AIG) to return to its core of domestic and international commercial insurance and emerge a very viable, nimble but smaller entity, according to new Chairman and Chief Exeuctive Officer (CEO) Edward M. Liddy. The commercial property/casualty (P/C) insurance operations remain a profitable, well-capitalized part of AIG. Personnel retention remains a top concern and a motivation to move quickly, say observers. The loss of policyholders is a consideration as well.