American International Group (AIG), the insurer bailed out by the US, gained for an eighth straight day, reaching the highest since November on speculation the company may benefit from improved relations with former chief executive Maurice “Hank” Greenberg.

Robert Benmosche, AIG’s fifth chief executive in four years, said he contacted Mr Greenberg after taking the job. Mr Greenberg led AIG for almost four decades, building it into the world’s largest insurer. – (Bloomberg)