All the headlines from our AIG Topic Page, ordered by recency.
Dec 21 2010 // Jim Millstein is no stranger to troubled companies. With a long career as a bankruptcy lawyer and former head of Lazard Ltd’s restructuring practice, he’s done his share of turnarounds.But nothing prepared him...
Dec 13 2010 // Bailed-out insurer American International Group Inc. took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company’s logo back on employee identification...
Dec 9 2010 // The U.S. Treasury plans to sell about one-fifth of insurer AIG through a stock offering in the first half of 2011, an important test of the government’s ability to profitably exit one of its most controversial...
Dec 3 2010 // American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, Chairman Steve Miller said on Thursday.In an interview at The Deal’s Deal Economy...
Dec 2 2010 // AIG may be getting healthier, but it hasn’t fully recovered.When AIG sold $2 billion of debt on Tuesday, it had to offer fat interest payments to investors. The extra yield it paid over Treasuries, a measure of how...
Nov 30 2010 // Bailed-out insurer American International Group (AIG) returned to the debt market Tuesday after more than a two-year absence, part of its strategy to raise capital as it works on various deals to pay back the...
Nov 24 2010 // The U.S. Treasury hired Greenhill & Co. to help it dispose of its investment in bailed-out insurer American International Group, which the Treasury will own 92.1 percent of from early next year.The 18-month contract is...
Nov 23 2010 // AIA Group Ltd, the recently spun off Asia life insurance arm of American International Group <AIG.N>, has lost another key executive with the resignation of its human resources head Margret Chiu, a spokeswoman told...
Nov 23 2010 // American International Group, Inc. (AIG) has named Brian T. Schreiber as executive vice president, Treasury and Capital Markets, and Robert Gender as senior vice president and treasurer.Schreiber is taking on a broad,...
Nov 9 2010 // American International Group is expected to sell its Asian real estate business to Invesco Ltd later this month, a source said on Tuesday.The source said AIG’s gross property assets were currently worth around $5...
Nov 9 2010 // AIG has named Sid Sankaran as senior vice president, chief risk officer. He succeeds Robert Lewis, who last month announced that he would retire from AIG. Sankaran’s direct reports will include the Chief Risk...
Nov 5 2010 // American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring...
Nov 2 2010 // Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s...
Nov 1 2010 // A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the...
Nov 1 2010 // A New York judge held former American International Group Inc. CEO Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide...
Nov 1 2010 // Ironshore, Distinguished ProgramsBermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the...
Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...
Oct 28 2010 // The board of bailed-out insurer American International Group on Wednesday said Chairman Steve Miller would become interim chief executive if CEO Bob Benmosche is sidelined by his cancer treatment.AIG said on Monday that...
Oct 27 2010 // American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge.AIG said Monday...
Oct 26 2010 // American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style.AIG said Monday that its 66-year-old CEO had cancer and was...