NEW YORK (Reuters) - Former American International group chief executive Maurice (Hank) Greenberg said yesterday that a group he represents does not intend to solicit proxies from AIG shareholders, buy more AIG shares, or start a tender offer for the company.

Greenberg, in a filing with the Securities and Exchange Commission, also said the group would retain a financial adviser to evaluate its investment in AIG, the world's largest insurer.

Greenberg is AIG's largest single shareholder, owning more than 12 percent of its stock through companies he controls.

His latest filing represents a turnaround from his November 2 SEC statement, when he said he was seeking "strategic alternatives" for his former company, which had been pummelled in the market because of its subprime exposure. A spokesman for Greenberg had no immediate comment.

"He is certainly backing off from his aggressive stance," said Donald Light, an analyst with Celent LLC. "It sounds like he may be looking to divest his shares."

Some analysts suggested that AIG might even be a buyer of the 300 million shares that Greenberg owns or controls through private companies where he is the chairman or chief executive.

AIG, which has been in long-running court battles with Greenberg since he was ousted as chief executive in February 2005, recently went to court to seek control of nine percent of those shares, claiming they were supposed to be used as compensation for its employees.

AIG shares closed up 87 cents to end yesterday at $56.48 on the New York Stock Exchange.

"It's reasonable that AIG could buy back Greenberg's stake," said Rob Haines, an analyst with CreditSights. "He's been a thorn in the company's side for a long time."

AIG spokesman Chris Winans declined to comment other than saying "the filing speaks for itself."

Greenberg indicated in the filing that the New York State Department of Insurance may have influenced his turnaround.

The department sent a letter to Greenberg in December saying that he was in violation of state insurance laws because he had not sought its permission to take control of the company.

After meeting with the department Greenberg said in his latest filing that he and his group "have no intention ... of taking any actions which are designed to direct ... the management and policies" of AIG.

"We are happy and pleased with the results of our discussions," New York State Insurance Commissioner Eric Dinallo said in a telephone interview. "We did what we should do as regulators."

Dinallo is a former lead attorney for New York Governor Eliot Spitzer, who as state attorney general filed civil fraud charges against Greenberg that are outstanding.