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Actionable news in AIG: AMERICAN INTERNATIONAL GROUP Inc,

Icahn Said to Ease Off Demand for AIG Breakup Under New CEO

  • Activist said willing to give new CEO chance to boost returns
  • View marks shift from ‘too big to succeed’ critique in 2015

Billionaire Carl Icahn, one of the largest investors in American International Group Inc., is easing off his demands for a breakup of the insurer after the company sold assets and brought on a new chief executive officer, according to people familiar with the matter.

Icahn wants to give new CEO Brian Duperreault a chance to improve the company’s return on equity, said the people, who asked not to be identified discussing private deliberations.

Duperreault, a veteran insurance industry leader who became AIG’s CEO last month, said after the company’s annual meeting Wednesday that he might scale back share buybacks and use excess capital to pursue acquisitions. Those...


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