“Many investors think AIG needs a major shakeup. We think insurance as a whole needs a shakeup. Neither AIG nor insurers generally seem to want to take the big steps needed, except incrementally,” the analysts wrote. “The time is right to attempt something big, and the candidates are here.”
They didn’t identify which bank would make the ideal partner in such a venture, but said “there are many fine choices available.”
Jon Diat, a spokesman for New York-based AIG, declined to comment. Google didn’t immediately respond to a message at its media office.