American International Group (AIG) faces significant stock challenges, with its shares down 9.4% year-to-date and trading at a 54.1% discount according to models, despite a 'Buy' analyst rating and a target of $98. The company is undergoing leadership transitions, highlighted by Thomas Stoddard's election as an independent director, while it also positions itself to stabilize through a joint $7 billion acquisition of specialty insurer Convex. These developments come as AIG contends with rising claims inflation and the impact of climate-driven catastrophe losses.