Bob Graham, Executive Editor

American International Group CEO Edward Liddy has put the exclamation point on the demise of what was once the world’s largest insurer. Speaking to Reuters last week, Liddy said, “AIG will never again be the world’s largest insurer. Pretty soon you will have a much smaller AIG. And what is left will look a whole lot different than it does today.”

As the company continues an asset sell-off to pay back the nearly $170 billion in U.S. government aid, Liddy says as many as 40 federal employees are roaming AIG offices each day. How depressing that must be for those who built the once mighty AIG.