All the headlines from our AIG Topic Page, ordered by recency.
Jun 17 2009 // As American International Group (AIG) continues its restructuring, California Insurance Commissioner Steve Poizner has appointed a special examiner to assist in the monitoring of AIG’s insurance...
Jun 17 2009 // Witnesses began testifying Tuesday in the civil trial of American International Group Inc.’s former top executive, accused of plundering an AIG retirement program of billions of dollars.Attorney Theodore Wells told...
Jun 17 2009 // The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry.Most in the...
Jun 12 2009 // AIG, days before a high-profile legal fight with a company controlled by former CEO Maurice Greenberg heads to court, promised to use any funds won at trial to repay U.S. taxpayers.“While any relief granted for...
Jun 10 2009 // A consortium including a New York investment firm and a Korean bank agreed to buy American International Group Inc.’s New York headquarters, the broker, CB Richard Ellis, said Tuesday.Youngwoo & Associates and...
Jun 10 2009 // The U.S. Federal Reserve drew back the curtain on its emergency repairs to the financial system on Wednesday, showing $5.3 billion in losses on assets taken over from firms it bailed out in 2008.In a report on its $2.1...
Jun 8 2009 // American International Group Inc. has picked a group that includes private equity firms Onex Corp and Greenbriar Equity Group as the preferred bidder for its aircraft leasing unit, a source familiar with the situation said...
Jun 5 2009 // American International Group, Inc. (AIG) announced that an underwritten public offering of 26 million shares of Transatlantic Holdings, Inc. (NYSE: TRH) common stock owned by AIG and its subsidiary, American Home Assurance...
Jun 4 2009 // American International Group Inc. is in talks to line up financing to facilitate the sale of its aircraft leasing unit, but it will consider options such as selling some aircraft if it fails to do so, a person familiar...
Jun 4 2009 // A Michigan man who is challenging the government’s bailout of American International Group has won an early legal victory.U.S. District Judge Lawrence Zatkoff recently refused to dismiss a lawsuit filed in December...
Jun 4 2009 // A jury should hear the claims in litigation between American International Group Inc. and Starr International Co. Inc. controlled by the troubled insurance giant’s former chief executive, Maurice “Hank”...
Jun 3 2009 // American International Group, Inc. (AIG) announced that it has entered into an agreement to sell 100 percent of its shares in its consumer finance operations in Argentina, consisting of Compania Financiera Argentina S.A....
Jun 3 2009 // American International Group Inc. has reached a deal to sell two New York buildings, including its downtown Manhattan headquarters, a source familiar with the matter said Tuesday.The buildings being sold are located at 70...
Jun 2 2009 // American International Group, Inc. (AIG) has named Eric Martinez, Jr. as chief executive officer of United Guaranty Corp. (UGC).UGC, based in Greensboro, North Carolina, is a provider of mortgage guaranty insurance....
Jun 1 2009 // National Producer Licensing Need“Throughout the current financial crisis, the state insurance regulatory system continues to show how well it protects both individual consumers and businesses. Although the system has...
Jun 1 2009 // American International Group Inc. (AIG) announced on May 21 that Chairman and CEO Edward M. Liddy intends to step down once the board finds replacements for him.But who would apply for a job that requires regular coach...
Jun 1 2009 // AIGAmerican International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on...
Jun 1 2009 // AIGAmerican International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi...
Jun 1 2009 // As the June 12 shareholders meeting approaches, the three-way tussle between Bermuda-based Validus Holdings and the Max Capital Group over the acquisition of IPC Re shows no signs of letting up.In the latest round Validus...
Jun 1 2009 // Weathering today’s economic storm has not been easy for insurance companies. Consumers are more carefully scrutinizing their coverages, while the financial sector is taking a beating in the public, as the government...