All the headlines from our AIG Topic Page, ordered by recency.
Mar 5 2012 // AIG’s top executives struck an optimistic note as the insurer reported improved 2011 fourth-quarter profit results. CEO Robert Benmosche told analysts during a conference call following the earnings report last month...
Mar 4 2012 // Bailed-out insurer American International Group Inc. sold its entire $500 million stake in private equity firm Blackstone Group LP on Friday, according to a source familiar with the situation.AIG, which became majority...
Mar 2 2012 // American International Group disclosed in its annual report that Chartis management decided last year to cease writing excess workers’ compensation business as a stand-alone product — as “part of its...
Mar 2 2012 // The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group that was filed by a company run by former AIG Chief Executive Maurice Greenberg, court documents...
Feb 29 2012 // The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc.The sale to a unit of Credit Suisse Group AG means...
Feb 24 2012 // AIG’s top executives struck an optimistic note as the insurer reported strong 2011 fourth-quarter profit results. CEO Robert Benmosche told analysts during a conference call this morning that AIG is regaining its...
Feb 24 2012 // AIA Group Ltd, Asia’s No.3 insurer, reported a 40 percent rise in value of new business for its fiscal full year and growth in Thailand despite last year’s devastating floods, surprising analysts and sending...
Feb 23 2012 // Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.The move, which sent the...
Feb 22 2012 // American International Group’s Chartis, its global P/C business, has placed its claims unit and operations and systems (O&S) unit under a single management team. Eric Martinez — appointed as executive vice...
Feb 22 2012 // The keynote speaker told the professional liability insurance underwriters that regulation is not the enemy of business growth, the plaintiffs’ bar is their ally, deleveraging of financial institutions is a good...
Feb 20 2012 // Ohio Attorney General Mike DeWine said U.S. District Court Judge Deborah A. Batts’ approval of a $725 million securities class action settlement against American International Group Inc (AIG) and certain individual...
Feb 15 2012 // American International Group Inc. may raise its stake in Asian insurer AIA Group someday and is open to offers for its airplane leasing business ILFC, but will bide its time on all these things, Chief Executive Bob...
Feb 7 2012 // Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive of an airplane maker, the company said on Tuesday.AIG CEO Bob Benmosche has been in...
Feb 7 2012 // The Federal Reserve Bank of New York has invited five banks to bid for mortgage bonds of insurer American International Group, the Wall Street Journal reported.The five banks selected are the U.S. securities units of...
Feb 6 2012 // The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer. The...
Feb 6 2012 // Marsh & McLennan Companies has appointed AIG executive Julio Portalatin as CEO of Mercer, MMC’s human resource consulting unit. Portalatin succeeds M. Michele Burns who left the firm last October. Portalatin...
Feb 6 2012 // The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer. The...
Feb 6 2012 // IMAC, Specialty Service SolutionsRandolph, Mass.-based International Marketing and Administration Co. (IMAC) purchased Specialty Service Solutions LLC, an insurance brokerage headquartered in Chicago. Specialty Service...
Feb 6 2012 // The Navigators GroupRye Brook, N.Y.-based specialty insurer The Navigators Group said its principal underwriting agency subsidiary, Navigators Management Company, expanded its Navigators Re division by launching a...
Jan 27 2012 // In connection with its revision of its outlook on AIG, A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Chartis US Insurance...