All the headlines from our AIG Topic Page, ordered by recency.
May 14 2013 // American International Group Inc. (AIG) has named Anthony Philip as president and CEO of American International Company Limited (AIG) in Bermuda.Philip, a native of Bermuda, will assume his new position effective...
May 7 2013 // American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed...
May 7 2013 // Property, casualty and professional liability insurance rates were up five percent in April, according to MarketScout’s most recent composite index.That matches the increase for March. Commercial property and...
May 6 2013 // The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of America Corp.’s proposed $8.5 billion settlement with investors in Countrywide mortgage-backed...
May 6 2013 // Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four executives from American International Group (AIG).“I think you will see us...
May 3 2013 // When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office’s power.New York’s highest...
May 2 2013 // American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and...
May 2 2013 // Excess and surplus lines premiums in the U.S. were up for a second consecutive year in 2012, rising 10.8 percent to $25.44 billion, and grew at a faster rate than in 2011, according to SNL Financial.Not too long ago — in...
Apr 29 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston.Johnson replaces David Bresnahan,...
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway.“It’s business...
Apr 22 2013 // The lack of teamwork combined with a negative culture and poor communication in hospitals today presents a barrier when it comes to patient safety in the future, according to a new survey.The survey results revealed a...
Apr 19 2013 // A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer’s $10 billion lawsuit against Bank of America Corp over mortgage losses belongs in state court, not federal...
Apr 10 2013 // A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO Maurice “Hank” Greenberg and other defendants over alleged improper...
Apr 9 2013 // American International Group, Inc. (AIG) has appointed Castor Aerospace LLC as its new program administrator for space-related risks. This appointment provides a new distribution channel for satellite operators,...
Apr 8 2013 // Insurer American International Group Inc. has asked a court to block Maurice “Hank” Greenberg’s efforts to sue the U.S. government on AIG’s behalf, saying its former CEO has not proven he should...
Apr 8 2013 // The near-collapse of American International Group (AIG) in 2008 came about because of the scare tactics and political ambition of one man — then New York Attorney General Eliot Spitzer, according to Maurice...
Mar 28 2013 // American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in case of mistakes or...
Mar 25 2013 // American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing option for companies with large deductible casualty insurance programs in the U.S. CFO provides an alternative for...
Mar 25 2013 // Bankers Insurance, AIX Group Floridaankers Insurance Group has reached an agreement with AIX Group to acquire its Florida policies as part of a strategy to increase Bankers’ presence in the state’s Latino...
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012.Major carrier transactions included Nationwide’s acquisition of Harleysville, The...