All the headlines from our AIG Topic Page, ordered by recency.
Jan 23 2008 // The heightened risk of being named in securities litigation has lead corporate counsel to face increasing liability exposures from a variety of claimants. These liabilities may result from legal services provided on behalf...
Jan 17 2008 // Stephen F. Bollenbach, former CEO of Hilton Hotels Corp., has been elected to the board of directors of American International Group.Bollenbach, 65, has also served as a CFO of the Walt Disney Co. and CEO of Host Marriott...
Jan 16 2008 // Fitch Ratings has affirmed American International Group’s Issuer Default Rating (IDR) at ‘AA’ and affirmed its ratings on all of AIG’s insurance subsidiaries at the same level. The rating outlook is...
Jan 9 2008 // The former chairman and CEO of the world’s largest insurer initiated a deal that led to five ex-executives being charged in a scheme to manipulate the company’s financial statements, a federal prosecutor said...
Jan 7 2008 // Billionaire investor Warren Buffett has long been revered in the business world, but his importance at a trial involving the world’s largest insurer is hotly contested.The trial starts today in federal court in...
Dec 31 2007 // From storms that flooded the Midwest destroying homes and business in the summer to a court ruling that could have a significantly negative impact on the medical malpractice insurance market in the state of Illinois, 2007...
Dec 23 2007 // Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC...
Dec 23 2007 // Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC...
Dec 23 2007 // Severe summer storms that ransacked the Midwest, a court ruling that could negatively impact the medical malpractice insurance market in Illinois and RICO allegations in Minnesota were just a few of the news stories that...
Dec 23 2007 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.Small Residential General Contractors Nuts...
Dec 17 2007 // A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company...
Dec 13 2007 // Standard & Poor’s Ratings Services gave the American International Group a vote of confidence as it affirmed AIG’s ‘AA’ long-term counterparty rating and its ‘AA+’ counterparty...
Dec 12 2007 // Lexington Insurance Co. has formed AIG Human & Social Services Risk Solutions, a new industry practice to provide insurance and risk management products to the social services sector.The new industry practice serves...
Dec 3 2007 // Marsh & McLennan Companies, Inc. has named Daniel S. Glaser, an AIG executive who began his career as a Marsh broker, as chairman and chief executive officer of its insurance broker, Marsh Inc.Glaser currently serves...
Dec 3 2007 // Following the departure of Daniel Glaser to Head Marsh (See related article), American International Group announced the promotion of three executives in its Foreign General insurance operations.Alexander R. Baugh will...
Nov 20 2007 // The Institute of International Finance based in Washington, D.C., is establishing a Committee on International Insurance Regulatory Issues headed by industry leaders to support the development of global industry...
Nov 8 2007 // Troubled residential mortgage and credit markets hurt American International Group Inc.’s third-quarter profit. Net income fell 27 percent compared to the third quarter last year. The giant insurer reported losses in...
Nov 7 2007 // Three industry executives, including two from AIG, have joined IronPro, the professional liability facility of Bermuda’s Ironshore, Inc.Tom Leahy joins as senior vice president of Underwriting and will manage the New...
Nov 5 2007 // Maurice “Hank” Greenberg, the former chief executive officer of American International Group Inc. who remains a big AIG shareholder, believes there are “opportunities to significantly improve AIG’s...
Nov 4 2007 // AmWINS, London American GeneralAmWINS Group Inc., a national wholesale insurance broker based in Charlotte, N.C., reports it has acquired London American General Agency Inc. Based in San Diego, Calif., London American is a...