Are "Too Big To Fail" Insurers About To Have Their Tags Changed?

They are not just two of the biggest names in insurance, but they are two of the biggest names in the financial world — so much so that American International Group (AIG) and Prudential Financial are, apparently, “too big to fail”. The label “too big to fail” is a tag slapped on “systematically important” financial institutions (or Sifis for short) — in other words, businesses or financial organizations that are of such importance to a country’s economy that its central bank or government feels it must take measures to prevent it from ceasing to trade or going bankrupt.