Latest AIG Headlines

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

Iglesias Succeeds Knight As President of Allied World North America

Jan 17 2014 // Allied World Assurance Company Holdings, AG has appointed Lou Iglesias as president for Allied World North America.Iglesias is currently president, U.S. Property & Casualty. He succeeds Gordon Knight who is retiring at...

St. John’s Univ. to Honor AIG’s Benmosche as 2013 Insurance Leader of the Year

Jan 13 2014 // St. John’s University’s School of Risk Management (SRM) in New York will honor American International Group’s President and Chief Executive Officer Robert H. Benmosche as the “2013 Insurance Leader...

AIG Rebranding, Expanding Retirement Services As Others Retreat

Jan 13 2014 // American International Group Inc. plans to add 600 advisers and expand their offerings to boost sales as rivals retreat from some retirement products.The insurer will increase the number of career agents at its newly named...

Ex-AIG Executives Greenberg, Smith Press Ethics Complaint Against New York Prosecutors

Dec 23 2013 // Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005.The complaint at the...

AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion

Dec 16 2013 // American International Group Inc. agreed to sell the world’s second-largest aircraft lessor to AerCap Holdings NV for $5 billion after a group of Chinese bidders missed deadlines to purchase the business.AerCap will...

AIG in Talks to Sell Aircraft Leasing Unit ILFS to AerCap

Dec 13 2013 // Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports.Netherlands-based AerCap, the world’s largest independent aircraft lessor, may...

AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C.

Dec 11 2013 // North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte, N.C.With the new technology center, AIG plans to bring 230 new jobs to the...

Aspen US Insurance Appoints AIG’s Menelly As Marketing Director

Dec 3 2013 // Aspen US Insurance has named Douglas Menelly as senior vice president of marketing. He will report to Bob Rheel, executive vice president and U.S. head of property/casualty for Aspen Insurance. Menelly joins Aspen with 14...

AIG Using Science to Define ‘Broker Quality Index’

Nov 18 2013 // AIG’s CEO Bob BenmoscheProperty/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of...

People – Southeast

Nov 18 2013 // Florida Chief Financial Officer Jeff Atwater has named Steve Burgess as the state’s new insurance consumer advocate. Burgess previously served in that role from 2004 to 2007 and from 1990 to 1997. Most recently, he...

AIG Settles Dispute Over Real Estate Executive Pay for $274M

Nov 7 2013 // American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008.The settlement came as a trial was due to have...

AIG Using Science to Define ‘Broker Quality Index,’ Not Following Market: Benmosche

Nov 6 2013 // Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of the carrier’s analytical...

Morgan Stanley Says AIG May Sue Over Mortgage Investments

Nov 5 2013 // Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis.AIG purchased $3.7 billion...

Talent War Continues: XL Hires AIG’s Miller to Oversee Global P/C Claims

Nov 4 2013 // XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, hired David Miller as senior vice president and head of claims for international property/casualty coverage.Miller joins from American International...

Judge Dismisses Suit Against Bank of America For Not Disclosing AIG Claims

Nov 4 2013 // Bank of America Corp. has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc.In a decision made public on Monday,...

AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline

Nov 1 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business.Net income rose to $2.17...

CGSC Names AIG Ex-CEO Sullivan as Non-Executive Chairman for U.S.

Oct 29 2013 // Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, has appointed Martin Sullivan as non-executive chairman of CGSC Delaware, the main board for the group’s North American...

AIG Hires XL Group’s Maag as CEO of Europe, Middle East

Oct 25 2013 // American International Group Inc. hired Seraina Maag from XL Group Plc to run the Europe, Middle East and Africa region as Chief Executive Officer Robert Benmosche reshapes the insurer’s leadership.Maag, 45, will be...

Geithner Rejects Greenberg Bid for Draft of Book on AIG Bailout

Oct 17 2013 // Former Treasury Secretary Timothy Geithner joined the Federal Reserve Bank of New York in declining to give drafts of a book he’s writing to Maurice “Hank” Greenberg for Greenberg’s lawsuit...

Bernanke Excused from Testifying in Greenberg’s Suit Over AIG Bailout for Now

Oct 16 2013 // Federal Reserve Chairman Ben Bernanke does not have to testify in the multibillion-dollar lawsuit by the former chief of American International Group Inc. against the United States over the insurer’s 2008 bailout, a...