All the headlines from our AIG Topic Page, ordered by recency.
Mar 6 2009 // U.S. regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of public dollars, officials said Thursday.At a Senate Banking...
Mar 6 2009 // The U.S. government rescued giant insurer American International Group in part because its collapse would dramatically hurt European banks, a senior Democratic lawmaker said Thursday.The U.S. government has bailed out AIG...
Mar 6 2009 // The U.S. Federal Reserve refused to identify trading partners benefiting from a $180-billion taxpayer bailout of American International Group as one lawmaker said Europe’s financial stability was at stake in the...
Mar 5 2009 // A federal judge has rejected a bid to dismiss one of three remaining claims brought by AIG in a court battle against Starr International Co., a company controlled by former AIG Chief Executive Maurice “Hank”...
Mar 5 2009 // The securities lending unit of American International Group Inc. was being successfully wound down and had manageable losses if not for the firm’s massive credit default swap exposure, New York Insurance...
Mar 5 2009 // Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government...
Mar 4 2009 // The UK’s Prudential Plc and Canada’s Manulife Financial Corp made preliminary offers for American International Group Inc.’s Asian unit, but Prudential’s offer fell short of what AIG wants for the...
Mar 4 2009 // U.S. Federal Reserve Chairman Ben Bernanke Tuesday defended the government’s latest bailout of embattled insurer AIG, telling irate lawmakers that he was also angry, but that the failure to act could have triggered...
Mar 4 2009 // Standard & Poor’s Ratings Services has said that its rating actions on American International Group Inc. and its insurance subsidiaries “have no effect on the ratings on Transatlantic Holdings Inc. (TRH...
Mar 3 2009 // Paula Rosput Reynolds has a job that would daunt some of the most experienced Wall Street veterans — restructuring American International Group Inc. by selling assets in the midst of a severe credit crunch.Reynolds,...
Mar 3 2009 // Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently...
Mar 3 2009 // The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence.As part of the...
Mar 3 2009 // A.M. Best Co. and Standard & Poor’s Ratings Services have both issued statements in relation to American International Group’s announcement of a $61.7 billion fourth quarter loss, and the subsequent...
Mar 2 2009 // American International Group Inc. posted a $61.7 billion fourth-quarter loss — its fifth consecutive quarterly loss and the biggest quarterly loss in corporate history.The quarter’s net loss of $61.7 billion...
Mar 2 2009 // American International Group Inc., whose $61.66 billion quarterly loss was the largest ever for a U.S. company, has been sued for securities fraud by former Chief Executive Maurice “Hank” Greenberg.Greenberg,...
Mar 1 2009 // The U.S. government threw a new $30 billion lifeline to American International Group Inc. Sunday as the embattled insurer prepared to report the biggest quarterly loss in corporate history.AIG’s board approved a new...
Mar 1 2009 // American International Group and the U.S. government agreed on a revised rescue package for the giant insurer Sunday.Here are the key terms of the deal, according to sources: A $30 billion equity commitment from the U.S....
Feb 27 2009 // The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said Thursday.The wide range of options under...
Feb 27 2009 // The Texas Department of Insurance announced it is continuing to closely monitor the financial status of American International Group Inc. (AIG) in light of recent national media reports.TDI said it is engaged in regular...
Feb 26 2009 // The U.S. Senate Banking Committee has scheduled a hearing on March 5 to examine government aid to insurer American International Group Inc, a source familiar with the hearing said Wednesday.Federal Reserve Board Vice...