All the headlines from our AIG Topic Page, ordered by recency.
Aug 6 2009 // Shares of battered financial companies including insurer American International Group Inc. and lender CIT Group soared on Wednesday, as investors rushed to buy shares to cover short positions in the companies.AIG shares...
Aug 6 2009 // Insurance Journal magazine has won gold and silver editorial awards from the American Society of Business Publication Editors’ western regional awards competition, recognizing the magazine for its editorial...
Aug 6 2009 // American International Group’s former chief executive Hank Greenberg agreed to pay $15 million to settle government allegations that he had cooked the books to inflate the insurer’s earnings in the first half...
Aug 3 2009 // Troubled insurer American International Group Inc. has chosen former MetLife chief Robert Benmosche as its new CEO, The Wall Street Journal reported, citing people familiar with the matter.The AIG board approved the choice...
Aug 3 2009 // State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into...
Aug 3 2009 // American International Group Inc. is close to selling its asset management business to a group that includes private equity firm Crestview Partners for $300 million to $400 million, a source familiar with the matter said...
Aug 3 2009 // American International Group, Inc. (AIG) confirmed that its board of directors has elected Robert H. Benmosche as president and chief executive officer as previously reported..Benmosche was also elected a member of the...
Aug 3 2009 // SureTecHouston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team...
Jul 31 2009 // American International Group, Inc. (AIG) has entered into an agreement under which it will combine its consumer finance business in Poland, conducted through AIG Bank Polska S.A., into the Polish consumer finance business...
Jul 29 2009 // Seven financial and automotive companies that have received “exceptional” government aid face an Aug. 13 deadline to submit compensation plans to the U.S. Treasury Department’s executive pay czar, people...
Jul 28 2009 // A large U.S. consumer group urged Congress Tuesday to clamp down on insurers’ risky practices after last year’s near collapse of AIG due to its foray into exotic derivative instruments.The Consumer Federation...
Jul 28 2009 // A U.S. health care advisory group and a London-based risk technology research firm share something in common with American International Group’s (AIG) new brand Chartis Insurance: a name.But it’s doubtful they...
Jul 27 2009 // Bailed-out insurer American International Group Inc. rebranded its property/ casualty business under the name Chartis Monday and said it would put the equity for the division into a separate company — key steps...
Jul 23 2009 // American International Group Inc., the insurer that has received billions of dollars in federal aid, withheld $2.4 million in bonuses due to be paid to dozens of senior managers on July 15.The AIG decision was disclosed by...
Jul 21 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group,...
Jul 20 2009 // Focus Holdings, Capacity InsuranceFocus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known...
Jul 20 2009 // AIG, 21st Century Insurance, Farmers Group Inc.American International Group has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to...
Jul 20 2009 // American International Group, Inc. announced that it has closed the sale of its consumer finance operations in Mexico, consisting of AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to...
Jul 16 2009 // American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday.The talks for AIG Edison Life Insurance Co and AIG Star...
Jul 15 2009 // American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Co. (ALICO) as an independent entity and seek an initial public offering and public listing in New York,...