All the headlines from our AIG Topic Page, ordered by recency.
Nov 6 2009 // American International Group may be a shadow of its former self but for the second straight quarter it has posted a profit.AIG reported net income of $455 million. Third quarter 2009 adjusted net income was $1.9 billion,...
Nov 1 2009 // AmTrust, American Capital, GMACAmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty...
Oct 26 2009 // AIG, the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light.In a regulatory...
Oct 26 2009 // The top financial officer of insurance giant AIG defended the federal government’s $180 billion bailout of the company in a return to his alma mater.Chief financial officer David Herzog, appointed in October 2008...
Oct 22 2009 // Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources...
Oct 19 2009 // In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
Oct 14 2009 // The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff, but which have stoked a controversy over pay at taxpayer-supported firms.Treasury’s...
Oct 13 2009 // American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.The sale of Nan Shan Life on...
Oct 5 2009 // Insurer American International Group’s ability to restructure its business and repay billions of dollars to the U.S. government remains in doubt, U.S. congressional investigators said in a report. However, the...
Oct 5 2009 // In December 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
Oct 2 2009 // American International Group Inc. is again hosting some of the top U.S. financial advisers and says that this time, the gathering at a California resort will cost it just $30,000.The insurer, sharply criticized for holding...
Sep 29 2009 // Joseph Cassano has come home to face the music.The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying...
Sep 22 2009 // Blame for the financial crisis and the near collapse of American International Group should reflect “the substantial evidence of fundamental failures in U.S. and foreign regulation of commercial banking, thrift...
Sep 21 2009 // Insurer American International Group Inc.’s once-desperate financial state has started to stabilize, a government agency said Monday, as an influential lawmaker said he would look at easing the terms of the...
Sep 21 2009 // Insurer American International Group’s ability to restructure its business and repay billions of dollars to the U.S. government remains in doubt, U.S. congressional investigators said in a report released on...
Sep 17 2009 // Bailed-out insurer AIG told its new chief executive Robert Benmosche that he could not use the company-owned jet for his personal use, Bloomberg News reported.Citing unnamed sources, Bloomberg said AIG’s board told...
Sep 15 2009 // A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books.U.S. District Judge Christopher Droney...
Sep 11 2009 // U.S prosecutors are preparing to impanel a grand jury to consider indicting the former head of American International Group’s Financial Products unit for securities fraud, the Wall Street Journal reported.The...
Sep 11 2009 // American International Group Inc. may sell stakes in its businesses, rather than shedding entire units, to repay U.S. government bailouts, retaining huge tax benefits, according to a source familiar with the matter.The...
Sep 8 2009 // American International Group Inc agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li’s Pacific Century Group for about $500 million, in the first major asset sale under the...