All the headlines from our AIG Topic Page, ordered by recency.
Jun 2 2008 // After five weeks of high level discussions, Australia’s QBE Group withdrew its offer to acquire Insurance Australia Group Limited (IAG), following the decision of IAG’s board to recommend against accepting the...
May 29 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American...
May 23 2008 // Standard & Poor’s Ratings Services has affirmed and removed from CreditWatch negative its ‘AA-/A-1+’ counterparty credit and senior debt ratings on American International Group Inc.S&P also...
May 21 2008 // A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the...
May 20 2008 // A federal judge has rejected requests to overturn the convictions of five former insurance company executives in a scheme to manipulate the financial statements of the world’s largest insurance company. The four...
May 19 2008 // American International Group announced a $1 million (approximately 7 million RMB) donation to support relief and rebuilding efforts following the recent 7.9-magnitude earthquake that struck China’s Sichuan Province...
May 19 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt ratings to American International Group Inc.’s €750 million ($1.163 billion) of Series A-7 and £900 million...
May 19 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps.The...
May 19 2008 // Fees Increase Debate“The department’s creation of this information is funded by taxpayer dollars, and this information was not intended to help private companies increase their profit margins.”...
May 19 2008 // Maurice “Hank” Greenberg’s withering criticism of American International Group Inc. has yet to win widespread support for a revolt against the current management of the giant insurer he used to run.There...
May 16 2008 // Maurice “Hank” Greenberg, the former head of American International Group Inc, said in an interview on Wednesday he voted against the reelection of the company’s board because directors have not made sure...
May 16 2008 // A House committee looking into defense contractors has alleged that the Department of Defense (DoD) has been lax in its management such that insurance companies providing workers’ compensation for civilian employees...
May 15 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt rating to American International Group Inc.’s $5 billion of equity units. S&P also said it has...
May 14 2008 // American International Group Inc Chairman Robert Willumstad said Wednesday the global insurance giant’s directors stand behind Chief Executive Martin Sullivan, fending off concerns raised by investors frustrated by...
May 13 2008 // Maurice “Hank” Greenberg, former chief executive of American International Group, has said the insurer is in “crisis” and urged a delay in its annual general meeting scheduled for Wednesday,...
May 9 2008 // American International Group’s whopping $7.81 billion first quarter loss (See related article) brought an immediate reaction from Standard & Poor’s Ratings Services. S&P has lowered its counterparty...
May 9 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps.The...
May 8 2008 // The world’s biggest insurance company, American International Group Inc. (AIG), posted a big quarterly loss — $7.81 billion — largely due to write-downs related to bad mortgage investments.AIG blamed much of the...
May 8 2008 // American International Group, Inc. (AIG) is in the market for a new chief financial officer (CFO), having appointed its current CFO to a new post.AIG announced that Steven J. Bensinger, currently CFO and executive vice...
Apr 21 2008 // TowerstoneTowerstone Inc., a wholesale insurance broker and managing general agency with extensive experience in a broad spectrum of industries, has been formed via the merger of Energy Risk Associates Inc. (ERA) with the...