American International Group’s new chief executive, Robert Willumstad, announced on Tuesday that he would examine the firm’s business operations in an attempt to halt the downward spiral in share prices.

The announcement is welcome news to AIG investors who have seen share prices plummet by 41 percent in the last year after the mortgage crisis in America took its toll, resulting in AIG posting a quarterly loss of $7.81 billion.

Willumstad has expressed his dissatisfaction with the current situation and has clearly defined his short term plans for the company.

“I’ve set a goal in the next 90 days to dig into the businesses, all of the businesses - not just the non-insurance businesses, to make sure our capital is being employed in the right areas,” he said.

“If there are businesses that are being hampered in terms of their growth, or strategically we’re not as competitive in some areas, we’ll take a hard look.”

Alongside its property and life insurance operations, AIG has multibillion dollar property, private equity and hedge fund investments. It was listed as the world’s 18th largest company by Forbes earlier this year.