All the headlines from our AIG Topic Page, ordered by recency.
Dec 14 2012 // The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout.Treasury...
Dec 13 2012 // To say taxpayers made money from their investment in AIG is to libel the very concept of profit.Come to think of it, it may well be a gross insult to the idea of investment too. The Treasury Department announced on Tuesday...
Dec 12 2012 // A.M. Best Co. has commented that the issuer credit rating of “bbb” of American International Group is unchanged following the announcement of the U.S. Treasury’s plan to sell its remaining holdings of...
Dec 11 2012 // The U.S. Treasury’s sale of its remaining stake in American International Group Inc. will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer.The...
Dec 10 2012 // The U.S. Treasury said on Monday it would sell the last of its remaining AIG shares, rounding off a $182 billion bailout that began during the financial crisis. Following is a timeline of key events in the history of...
Dec 10 2012 // The U.S. Treasury is selling its remaining stake in insurer American International Group Inc., bringing an end to government ownership of the company about four years after a $182 billion bailout.The sale will close the...
Dec 10 2012 // American International Group Inc. is to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
Dec 10 2012 // American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion. The...
Dec 10 2012 // American International Group has agreed to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
Dec 7 2012 // A group of Chinese companies, including the Industrial and Commercial Bank of China (ICBC), is in talks to buy American International Group’s aircraft leasing unit for around $5.5 billion, a source familiar with the...
Dec 3 2012 // White Mountains Solutions Holding Co. Inc., a wholly owned subsidiary of White Mountains Insurance Group Ltd. and the group’s specialist runoff acquisition operation, said it has completed the acquisition of four...
Dec 3 2012 // American International Group Inc. has acquired broker-dealer Woodbury Financial Services Inc. from The Hartford. The companies signed an agreement for the acquisition on July 31, 2012. Woodbury Financial Services is now...
Nov 21 2012 // Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of its up to $3.6 billion IPO, set to be the biggest in Hong Kong in two years.The...
Nov 19 2012 // The Federal Reserve Bank of New York won the dismissal of former American International Group Inc. Chief Executive Maurice “Hank” Greenberg’s $25 billion lawsuit accusing it of unlawfully bailing out the...
Nov 16 2012 // China’s PICC Group is in talks with American International Group and others to become cornerstone investors for its planned listing worth up to $4 billion, in what will be Hong Kong’s biggest IPO in two...
Nov 14 2012 // American International Group, Inc. has introduced OSHA Counsel Assist (OSHA Assist), an enhancement to general liability programs for construction clients that provides policyholders with legal support and additional...
Nov 11 2012 // American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including Chartis, in most locations, and that the company’s life and retirement segment is...
Nov 5 2012 // The American International Group executives are assuring investors that Sandy-related losses won’t have any significant impact on the company’s financial strength.Also, AIG announced in its Sunday, Nov. 4,...
Nov 5 2012 // American International Group will pay more than $300 million to settle dispute with U.S. states over life-insurance payments that go unclaimed, according to an Oct. 22 announcement from California’s finance office.In...
Nov 2 2012 // Superstorm Sandy — and the widespread power outages and transport problems that followed — affected business operations of numerous companies in the Northeast, including those of insurers and brokers. Companies...