All the headlines from our AIG Topic Page, ordered by recency.
Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...
Oct 26 2010 // Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy.AIG said Benmosche intends to work a full schedule during his...
Oct 25 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...
Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia.The pricing of the...
Oct 21 2010 // American International Group Inc is expected to price its up to $20.5 billion AIA Group IPO near the top end of the indicative range, sources with direct knowledge of the matter told Reuters on Thursday.The IPO generated...
Oct 20 2010 // A former Deutsche Bank AG and American International Group Inc. managing director and her husband have been indicted for fraud for allegedly conspiring to illegally extract money from those companies to help run their...
Oct 18 2010 // Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice.James O’Brien, Jason Hawkins and Craig Warnke join...
Oct 18 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
Oct 14 2010 // The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s...
Oct 14 2010 // Fairholme Capital Management LLC increased its stake in American International Group Inc. to 26.6 percent, deepening the fund’s role in the insurer as it prepares to emerge from U.S. government support.Fairholme...
Oct 7 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government.Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
Oct 5 2010 // American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday.The Hong Kong-based company...
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday.AIA, the...
Oct 4 2010 // A judge has refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of...
Oct 4 2010 // Get Rid of the Trailers“People are frustrated. People do not like the idea of having these trailers right next to them five years after Katrina.” —Councilman Jon Johnson, whose district includes hard-hit...
Oct 4 2010 // A Continuing Objective“Our objective remains the same at AIG, which is to repay taxpayers and position AIG over time as a strong, independent company worthy of investor confidence.” —An anonymous source from...
Oct 1 2010 // American International Group Inc. need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ruled.Two California...
Oct 1 2010 // The U.S. financial bailout will cost less than $50 billion, the Obama administration said Thursday, slashing a prior estimate by more than half on the back of a new plan to sell the government’s stake in insurer...
Sep 30 2010 // American International Group said Thursday it will sell its two Japanese life insurance units to Prudential Financial Inc for $4.8 billion, marking another step in its efforts to repay U.S. taxpayers.The sale of AIG Star...
Sep 30 2010 // American International Group Inc. and the U.S. government laid out a plan for the insurer to repay its $182.3 billion taxpayer bailout, just over two years after it was rescued from the brink of collapse.The deal, reached...