All the headlines from our AIG Topic Page, ordered by recency.
Jul 19 2010 // American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history.AIG,...
Jul 15 2010 // American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the...
Jul 13 2010 // The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday.An initial public offering of AIA, the...
Jul 8 2010 // The ACE Group of insurance and reinsurance companies has announced the appointment of six additional global client executives in four countries: Jeff Carr and Shaun Edwards in London, Olivier Roussel in Paris, Wolfgang...
Jul 2 2010 // American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar...
Jul 1 2010 // Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive...
Jul 1 2010 // The former head of the AIG unit that nearly crippled the insurer said the 2008 taxpayer bailout of up to $182 billion was too generous to customers like Goldman Sachs.Goldman Sachs, in turn, insisted it simply followed its...
Jun 30 2010 // The former head of the American International Group unit that precipitated a $182 billion bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of...
Jun 21 2010 // A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options...
Jun 18 2010 // American International Group Inc. promoted Bill Dooley to executive vice president for investments and financial services, with overall responsibility for its asset management group.Dooley will report to Peter Hancock, AIG...
Jun 17 2010 // U.S. market regulators have closed an investigation of American International Group and some of its executives over the giant insurer’s near collapse in 2008 that led to a $182 billion government bailout, two sources...
Jun 15 2010 // Shares of American International Group Inc rose 6 percent Monday, and one analyst said the stock may be getting a boost from optimism the bailed-out insurer would be able to monetize its Asian life unit and pay back...
Jun 11 2010 // A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options...
Jun 7 2010 // The head of bailed-out insurance giant American International Group said in late May that the company was on its way to repaying the government, but a U.S. Treasury official said taxpayers could still face losses.AIG is...
Jun 3 2010 // When large deals fail, heads often roll.In the case of Prudential Plc’s failed attempt to buy American International Group Inc.’s Asian life insurance unit for $35.5 billion, the British insurer’s...
Jun 2 2010 // UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced.The widely expected...
Jun 1 2010 // American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry’s largest...
May 28 2010 // Prudential has entered talks to cut its $35.5 billion offer for for AIG’s Asian life insurance arm, in a last-ditch bid to salvage a deal criticised by shareholders as too expensive.Prudential chief executive Tidjane...
May 27 2010 // The head of bailed-out insurance giant American International Group on Wednesday said the company was on its way to repaying the government, but a U.S. Treasury official said taxpayers could still face losses.AIG is...
May 26 2010 // Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S....