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American International Group Inc reported a $61.7 billion loss on Monday, the largest loss in U.S. corporate history, and unveiled a revised rescue plan from the U.S. government.


The massive loss, equal to $22.95 a share, is the company's fifth-consecutive quarterly loss, bringing the total loss over that period to in excess of $100 billion.

"The market is bracing for more negative news within the economy and corporate America and today's AIG news reinforces the fact that there are still problems out there."

"There might be some modest counterparty risks but the government is ultimately guarantor. We shouldn't look to too many direct consequences, it's the indirect consequences on broader asset markets and the pricing level in non-life markets and how AIG will conduct itself under this breakout plan."

"The troubles of AIG follow a complex structure and the direct fallout may be limited depending on the asset values of the European insurers, capital adequacy of the European insurers, and the impact that this might have on dividend policy."

"Those issues are linked to the broader market, it may or may not diminish acquisition appetite for the AIG operations. It's more the consequence on asset markets, particularly for life insurers."


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