All the headlines from our AIG Topic Page, ordered by recency.
Jan 27 2012 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb” of American International Group.It has also revised the outlook to stable from negative and...
Jan 26 2012 // American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off...
Jan 24 2012 // Two American International Group units — Chartis U.S. Accident and Health, and American General Life Companies — are planning to merge their group benefits businesses into a single, unified organization. The...
Jan 20 2012 // Starr Companies has appointed Shane McCaffrey as profit center manager in charge of Defense Base Act and foreign casualty insurance for U.S.-based multinationals.Starr Companies said Defense Base Act and foreign casualty...
Jan 18 2012 // Marsh & McLennan Companies appointed insurance veteran Julio Portalatin as CEO of Mercer, MMC’s human resource consulting subsidiary. Julio Portalatin His appointment is effective February 1. He will be based in...
Dec 28 2011 // A federal judge has approved American International Group Inc.’s $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers’ compensation policies.AIG will...
Dec 27 2011 // American International Group’s CEO Robert Benmosche recently told the board directors that he wants to stay in his job longer than previously planned, according to a report.The Wall Street Journal reported last...
Dec 5 2011 // A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional.The...
Nov 23 2011 // Bailed-out insurer American International Group is unlikely to add to reserves in the current quarter, though investors may not be convinced the reserves are adequate, Barclays Capital said Tuesday.Barclays analyst Jay...
Nov 21 2011 // A company run by former American International Group Inc Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional.The...
Nov 21 2011 // American International Group said recently its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have offered similar observations in the latest earnings season. “In...
Nov 21 2011 // In other AIG News, the company made an additional $972 million repayment to the U.S. Treasury Department in early November. AIG said the money paid is the sixth major payment to the government in 2011, bringing the total...
Nov 4 2011 // American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season.“In U.S....
Nov 4 2011 // AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said Friday, the day after the company posted a net loss of more than $4 billion.On a...
Nov 3 2011 // American International Group reported on Thursday a net loss of $4.1 billion and an after-tax operating loss of $3.0 billion for the third quarter ended Sept. 30, 2011, compared with a net loss of $2.5 billion and an...
Nov 2 2011 // A new report from the U.S. Government Accounting Office chronicles the government’s handling of AIG bailout in 2008. In all, the government had invested and made loans worth more than $182 billion for the insurer.The...
Nov 2 2011 // The U.S. Treasury Department said it received an additional repayment of $972 million from American International Group (AIG).The payment came mostly from the scheduled release of the escrow from AIG’s sale of its...
Oct 21 2011 // A federal judge rejected American International Group Inc.’s request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp. back to a New York state court, where AIG believed the case...
Oct 17 2011 // American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent of its workforce, or roughly 400 or fewer positions.“As part of...
Oct 14 2011 // AIA Group Ltd, Asia’s No.3 insurer, said growth accelerated in the third quarter, with its value of new business rising 53 percent as strong performance in markets such as Malaysia helped boost earnings.The...