(Bloomberg) -- Billionaire John Paulson’s hedge fund firm bought a position in American International Group Inc. in the first quarter valued at $800 million at the end of March, in his latest bet on theinsurance industry.

The New York-based firm purchased 14.6 million shares of AIG, according to a regulatory filing, joining Andreas Halvorsen’s Viking Global Investors in establishing a new position in the company during the quarter.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access