Latest AIG Headlines

All the headlines from our AIG Topic Page, ordered by recency.

AIG Reports 12.5% Rise in Profit in Benmosche’s Last Quarter As CEO

Aug 4 2014 // Insurer American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit.AIG...

AIG, GE Capital Systemic Risk Designations Renewed

Aug 1 2014 // The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry.But the Financial Stability Oversight...

AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit

Jul 30 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot...

AIG Identified As Lead Insurer in Taiwan Plane Crash

Jul 24 2014 // American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong airport, according to Aon Plc, a broker that tracks the market for aviation...

MetLife Designation as Systemically Important Expected Soon

Jul 23 2014 // A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said.A decision...

AIG Chairman Miller Comments on Corporate Tax Rate, Succession and BofA Deal

Jul 21 2014 // American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations’ to halt firms from switching their legal address to cut obligations.The U.S....

AIG Settles for $650M from BofA in Mortgage Securities Fraud Case

Jul 16 2014 // Bank of America agreed to pay American International Group Inc. $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.The deal, which the...

Hancock to Get $11.8 Million as Next AIG CEO

Jul 15 2014 // American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer.The short-term incentive will be $3.2 million of cash and...

People – East

Jul 7 2014 // American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective Sept. 1. Hancock, who currently serves as executive vice president, AIG, and chief executive officer of AIG...

How Insurers Would Wind Down If Needed to Avoid Future Bailout

Jul 3 2014 // American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.AIG, the insurer that repaid a U.S. rescue in 2012,...

AIG Ex-CEO Greenberg Loses Supreme Court Appeal in Suit Against Bailout

Jun 30 2014 // The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, who accused the Federal Reserve Bank of New York of unlawfully bailing...

AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement

Jun 27 2014 // American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in...

Judge Allows Trial in Greenberg Defamation Claim Against Spitzer

Jun 26 2014 // A defamation lawsuit by former American International Group Inc. Chief Executive Officer Maurice Greenberg against Eliot Spitzer may move toward trial, a state judge ruled after throwing out many of the claims against the...

AIG Launches Global Commercial Property Coverage for Mid-Market

Jun 18 2014 // The American International Group, Inc. (AIG) insurers have launched a new line of multinational commercial property products and services, including expanded coverage, loss prevention engineering, and risk management...

Ironshore Adds AIG’s Marino to Corporate Accounts Team

Jun 16 2014 // Kelly M. Marino has been named to the new position of vice president of corporate accounts at Ironshore Inc., where she will focus on the company’s relationships with Forbes Global 2000 companies. She will be...

XL Group Hires AIG’s Lyles for Global Professional Unit

Jun 15 2014 // XL Group has appointed Kelly Lyles to lead its global unit that sells professional liability insurance for directors and officers, financial institutions, architects, engineers and other businesses and service...

AIG Invests $1.5 Billion in Commercial Lending With Oak Hill

Jun 12 2014 // American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management to help start a lender serving medium-sized companies.AIG has...

Under New CEO Hancock, Smaller AIG Expected to Focus on Growth

Jun 11 2014 // American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.Hancock, 55,...

P/C Chief Hancock to Succeed Benmosche as AIG CEO, President

Jun 10 2014 // American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective September 1.Hancock, who currently serves as executive vice president, AIG, and chief executive officer of...

AIG Appoints McNamee as UK Managing Director

Jun 6 2014 // AIG in Europe announced the appointment of Jacqueline McNamee as Managing Director, UK Zone, reporting to Anthony Baldwin, Managing Director and Head of Distribution, EMEA. She is replacing Nicolas Aubert, who has become...