|Copyright:||(c) 2011 A.M. Best Company, Inc.|
|Source:||A.M. Best Company, Inc.|
Juhas has worked on numerous transactions spanning mergers, acquisitions, initial public offerings, leveraged buyouts, secondary offerings, hybrids and senior debt offerings, according to AIG.
He will report to
“Few people understand AIG’s challenges and opportunities as well as Pete,” Schreiber said in a statement. “As we intensify our focus on growth and sustainable returns, Pete will play a key role in our identifying and capitalizing on the best opportunities available to our industry-leading franchises.”
This effort will be “critical as we move toward independence while ensuring that the U.S. government recoups its entire investment in AIG,” he added.
Juhas joins AIG from
Prior to joining
Earlier, the FRBNY said it is auctioning off assets from Maiden Lane II, one of the limited liability companies it set up to aid AIG in 2008 (BestWire,
AIG was in danger of failing in
For instance, in March, AIG said it took some of the proceeds from the sale of
Most members of AIG currently have Best’s Financial Strength Ratings of A (Excellent).
On the afternoon of