All the headlines from our AIG Topic Page, ordered by recency.
Apr 5 2011 // Robert Benmosche, who has revived the fortunes of bailed-out insurer American International Group , said Tuesday he might consider staying at the helm past 2012 if his health permitted.“I will stay into 2012 and then...
Apr 5 2011 // Bailed-out insurer American International Group is working hard to invest cash it had set aside for a failed deal to buy assets from the Federal Reserve, Chief Executive Bob Benmosche said in an interview Tuesday.But AIG...
Apr 4 2011 // Compensation packages for the chief executives of bailed-out firms American International Group, Ally Financial and General Motors will not increase in 2011, the Treasury Department said late Friday.The Obama...
Apr 1 2011 // American International Group reorganized its biggest unit and charged derivatives veteran Peter Hancock with turning around the struggling property and casualty business.The move may be a sign that AIG CEO Robert...
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
Mar 30 2011 // The Federal Reserve rejected a $15.7 billion bid from insurer American International Group for a pool of mortgage-backed securities Wednesday and said it will sell off the bonds over time instead.The news is a blow to AIG,...
Mar 30 2011 // Louisiana has signed on to a multistate settlement over American International Group’s (AIG) admitted practice of under reporting workers’ compensation insurance premiums. Louisiana is slated to receive...
Mar 28 2011 // The judge overseeing New York’s lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a motion urging him to quit the case.Greenberg sought to have New York State...
Mar 24 2011 // American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire...
Mar 23 2011 // Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging are scheduled to be in court today outlining a proposed settlement that will cost them about...
Mar 21 2011 // Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group over misreporting of workers’ compensation insurance premiums. A two-year examination of AIG and its...
Mar 21 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...
Mar 20 2011 // American International Group Inc. said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan.AIG said its exposure would be about...
Mar 11 2011 // U.S. officials believe China’s insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm’s collapse in 2008, according to unpublished diplomatic cables.The...
Mar 10 2011 // American International Group offered Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government took off the bailed-out insurer’s hands during the financial crisis.The announcement...
Mar 10 2011 // Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group (AIG) over misreporting of workers’ compensation insurance premiums.A two-year examination of AIG and...
Mar 10 2011 // Bailed-out insurer American International Group Inc. set up a plan to protect tens of billions of dollars in valuable tax assets by discouraging investors from taking large new positions in the company.As of year-end, AIG...
Mar 10 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...
Mar 8 2011 // American International Group repaid another $6.9 billion of its bailout Tuesday, the U.S. Treasury said.With that payment, the Treasury said it has now recovered 70 percent of the $411 billion distributed under the...
Mar 8 2011 // Jeffrey M. Farber has been named senior vice president and deputy chief financial officer by American International Group Inc. (AIG). In this new position, Farber will provide global leadership and coordination for...