Benmosche talks succesion

|By:, SA News Editor

"The board is going to have to make that decision," says AIG chief Bob Benmosche after being asked if the company is considering replacement candidates from inside or outside the firm when he steps down early next year.

As for AerCap (AER) - of which AIG will be a 46% owner in following the ILFC sale - Benmosche expects to hold onto the stake for at least the next couple of years, reminding AIG needs to know what it's going to do with the money before it sells.

Separately, Leon Cooperman - in a CNBC appearance - again touted the insurer, reminding the stock can be purchased for 80% of book value, and the company should be able to achieve ROE of 10% and earnings of more than $6 per share.