All the headlines from our AIG Topic Page, ordered by recency.
Feb 26 2009 // Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various units fail to produce attractive offers, according to a...
Feb 26 2009 // General Re Corp., a reinsurance unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., agreed to pay $72 million to settle investor claims about its role in a fraudulent transaction involving American...
Feb 25 2009 // Three potential bidders remain interested in the sale of a large stake in American International Group’s $20 billion Asian life insurance unit, people close to the matter said on Wednesday, as the auction heads into...
Feb 25 2009 // American International Group Inc.’s asset management business has attracted corporate and private equity buyers with initial bids coming in around $500 million, sources familiar with the matter said.The asset...
Feb 25 2009 // American International Group Inc., which is trying to dispose of assets to pay back the U.S. government after a bailout last year, will rethink its sales strategy if tough market conditions keep it from getting a good...
Feb 25 2009 // Zurich Financial Services AG will find this year tougher than 2008, when profit fell 47 percent, a senior executive of the Swiss insurer said on Wednesday.Patrick O’Sullivan, vice chairman of the management board and...
Feb 25 2009 // American International Group and U.S. authorities are in advanced discussions over a radical restructuring that would split the insurer into at least three government-controlled divisions in an attempt to keep it afloat,...
Feb 24 2009 // American International Group Inc., facing massive losses and seeking fresh funds, may be willing to give up control of its prized Asian division, worth about $20 billion, said sources with direct knowledge of the...
Feb 23 2009 // The U.S. Treasury Monday declined to comment on reports American International Group was seeking additional government funds and that Citigroup was in talks with the government that could lead to Uncle Sam holding as much...
Feb 23 2009 // American International Group Inc., rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be...
Feb 22 2009 // Siren Song“The fire department is going to be mad at me.” —A sang phrase recorded by Amanda Gessner, 19, in a Drexel Hill, Pa. convenience store surveillance camera – which led to her arrest for arson...
Feb 22 2009 // While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law — in foreign countries around the globe, the insurance industry has...
Feb 22 2009 // American International Group’s involvement with the Islamic insurance market at the same time it is taking government bailout funds has provoked the ire of a Christian rights group in the U.S.The Michigan-based...
Feb 22 2009 // Devastating“From what I saw today, it was incredible, and we only saw a very small portion today. If you extrapolate that over the entire geographic area that is impacted by Kentucky, it’s a devastating...
Feb 22 2009 // American International Group (AIG) named Peter Eastwood president and CEO of Lexington Insurance Co., a unit of AIG Commercial Insurance. Eastwood assumes management responsibility for Lexington from Kevin H. Kelley, who...
Feb 20 2009 // Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday.AIG Edison...
Feb 17 2009 // By year end, American International Group Inc. expects to have largely wound down a money-losing financial products unit that was the cause of its near-collapse last year, said Gerry Pasciucco, hired three months ago to...
Feb 13 2009 // American International Group has put a prized building in Tokyo up for sale and is in advanced talks to sell a hotel in Puerto Rico and two office buildings in Dubai, a top executive said Thursday.The sales are part of...
Feb 12 2009 // Britain’s Serious Fraud Office (SFO) has launched a preliminary inquiry into suspected irregularities at a British subsidiary of American International Group Inc., the SFO said on Thursday.The SFO said its probe into...
Feb 11 2009 // American International Group is in advanced talks to sell its U.S. auto insurance unit to Swiss insurer Zurich Financial Services AG, a source familiar with the matter said Tuesday.The auto insurance business is expected...