All the headlines from our AIG Topic Page, ordered by recency.
Oct 7 2011 // New York federal court gave a preliminary approval to American International Group’s $725 settlement deal with Ohio public pension funds. It’s another forward step in AIG’s effort to resolve ongoing legal...
Oct 5 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 3 2011 // AIG’s global property and casualty insurer Chartis continues to see opportunities in Europe despite the sovereign debt crisis, the chief executive of the unit said in an interview last Friday.Peter Hancock also said...
Oct 3 2011 // The surplus lines industry continues to outperform the overall property/casualty industry but its advantage is not what it used to be.According to the annual A.M. Best special report, the surplus lines industry generated...
Oct 3 2011 // Swett & Crawford has opened a satellite office in Redondo Beach, Calif. The office will be led by Brian Vassallo, who is joining the firm as a vice president. Vassallo, who has a decade of experience in wholesale...
Sep 22 2011 // American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former law professor, as deputy tax director. In this role, Potter will be responsible for...
Sep 20 2011 // C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican...
Sep 12 2011 // Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG’s Lloyd’s Syndicate, Ascot Underwriting, as Executive Director starting 3rd October. Ascot manages Lloyd’s Syndicate...
Sep 6 2011 // AIG’s aircraft leasing unit, International Lease Finance Corp., filed for an initial public offering Friday despite deep uncertainty in equity markets that could delay an offering until next year.ILFC Holdings Inc.,...
Sep 5 2011 // Vertafore, Kaplan ComplianceInsurance agency technology vendor Vertafore said that its subsidiary Sircon will acquire Indianapolis, Indiana-based Kaplan Compliance Solutions (KCS), which sells insurance and securities...
Sep 5 2011 // Insurance fraud is so big it could be getting its own reality television show.The show, called the “Fraud Dog,” is in pilot production, and will star Linda Webb, a former AIG insurance claim executive and white...
Sep 5 2011 // Northbridge, Scanlon Guerra BurkeTwo independent insurance brokers are joining forces to become one of the largest insurance brokerages in Los Angeles and Ventura counties. The agreement combines Northridge Insurance...
Aug 31 2011 // Top Bank of America Corp. lawyers knew as early as January that American International Group Inc. was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources...
Aug 25 2011 // AIC Holdings appointed Robert G. Purdy to president and CEO of AIC Underwriters, based in Philadelphia, PA. Purdy will be responsible for leading the underwriting, marketing and operations strategies for the AIC...
Aug 19 2011 // American International Group Inc. reported that it has reduced the remaining liquidation preference of preferred interests that the U.S. Department of the Treasury holds in AIA Aurora LLC to approximately $9.3 billion by...
Aug 18 2011 // Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG’s 2008 near-collapse.Their argument is...
Aug 16 2011 // American International Group Inc. (AIG) reported that Brian T. Schreiber, executive vice president, Treasury and Capital Markets, has been named to the additional role of AIG treasurer. Schreiber is succeeding Robert A....
Aug 15 2011 // American International Group (AIG) showed the world it wants to once again be taken as a systemic risk to the financial system by offering to help bail out the U.S. government.Buoyed by its sale of its surplus lines (see...
Aug 8 2011 // Insurer American International Group (AIG) is suing Bank of America Corp. to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the...
Aug 5 2011 // Bailed-out insurer American International Group plans to hold on to its mortgage insurance business even as the rest of that industry struggles with rising claims, AIG’s chief executive said Friday.Mortgage insurers...