If You Think Times Have Changed, Just Wait.(American General Corp.)(Brief Article)

National Underwriter Life & Health-Financial Services Edition, July, 2001 by Connolly, Jim

If the last 10 years have been ones of change for the financial services industry, the next five years will offer even greater change, says Robert Devlin, chairman of American General Corp., Houston.

The industry used to he fragmented, but there will be greater integration during the coming years, Devlin predicts.

American General is in the midst of its own change, awaiting completion of an acquisition by American International Group Inc., New York, a company with more than $210 billion in market capitalization.

Devlin says the acquisition will make American General part of a 'AAA'-rated company, strengthen American General's balance sheet and put the Houston-based insurer in a more viable position.

"Scale matters today," according...

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