Citi analyst Suneet Kamath initiated coverage of AIG with a Neutral rating and $55 price target. The analyst initiated coverage on 11 U.S. Property and Casualty insurers with a neutral sector view. His Neutral rating on AIG reflects concerns about rising loss costs, his cautious view of life insurance businesses, potential risk in Group Retirement from regulatory investigations and limited upside on a sum-of-the-parts basis.