All the headlines from our AIG Topic Page, ordered by recency.
Sep 17 2008 // Swiss Re said it “estimates its overall net exposure to Lehman Brothers at approximately CHF 50 million [$46.6 million] and to American International Group (AIG) at approximately CHF 200 million [$178.5...
Sep 17 2008 // The crisis surrounding giant insurer American International Group has reignited the debate within insurance circles over whether state or federal regulation is preferable.The parent AIG got into trouble with credit...
Sep 17 2008 // American International Group’s deal with the government is a bankruptcy liquidation in all but name, and the $85 billion it has borrowed may not be enough extra money to pay off all its obligations, particularly in...
Sep 17 2008 // The U.S. government is betting former Allstate chief Edward M. Liddy is the safest pair of hands to oversee the dismantling of American International Group Inc. and prevent further unraveling of the world’s stressed...
Sep 17 2008 // Insurance rivals stand to reap the benefits from the woes of American International Group, snapping up assets AIG is forced to sell while gaining greater pricing power as AIG pulls in its claws.Zurich Financial Services...
Sep 16 2008 // The man who built and ran global insurance giant American International Group for more than 35 years says it is in the “national interest that AIG survive.”Speaking in an interview on CNBC-TV, Maurice...
Sep 16 2008 // A company led by Hank Greenberg, a former chief executive of American International Group, may try to take over the insurer in a proxy fight or tender offer, according to a regulatory filing.Greenberg’s company, C.V....
Sep 16 2008 // Both leaders of the U.S. Senate Banking Committee Tuesday expressed reservations about the federal government intervening to help insurer American International Group Inc.Connecticut Democratic Sen. Christopher Dodd,...
Sep 16 2008 // State insurance officials from Pennsylvania and New York, where troubled American International Group’s insurance subsidiaries have a an estimated $120 billion in assets, are offering to assist AIG in raising...
Sep 16 2008 // American International Group Inc. shares sank 48 percent on a report that regulators might take control of the giant insurer, though a U.S. government source said federal agencies do not have legal authority to put AIG...
Sep 16 2008 // American International Group Inc. shares plummeted after the insurer’s credit ratings were cut, heightening concerns it might file for bankruptcy and further upset the global financial system.In late-morning trading,...
Sep 16 2008 // American International Group Inc. shares plummeted in early trading Tuesday after the insurer’s credit ratings were cut, jeopardizing efforts to raise cash necessary for its survival.In pre-market trading, AIG shares...
Sep 16 2008 // A.M. Best Co. has made an announcement concerning its financial strength ratings (FSRs) and its issuer credit ratings (ICRs) on American International Group and a number of its subsidiary companies. These actions are...
Sep 16 2008 // The government rescue of insurer American International Group Inc was necessary, in contrast to Lehman Brothers, because the insurer has extensive ties to other firms and retail products, senior Fed staff said on...
Sep 16 2008 // On Sept. 16 at 11:25 p.m. EDT, the board of directors of American International Group Inc. issued the following statement in response to the announcement by the Federal Reserve Board that the Federal Reserve Bank of New...
Sep 16 2008 // An $85 billion government rescue of insurer American International Group Inc. looked increasingly likely Tuesday to stave off a bankruptcy that would have thrown world markets back into turmoil.The Federal Reserve will...
Sep 16 2008 // On Sept. 16 at 9:00 PM EDT, the Federal Reserve issued the following statement on AIG:The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York...
Sep 15 2008 // Shares of American International Group Inc. plunged 53 percent Monday as investors grew increasingly nervous after the insurer, once the world’s most valuable insurer by market value, failed to deliver a rescue...
Sep 15 2008 // Disbelief and anxiety were written on the faces of staff at American International Group Inc. as they grappled with the idea that their company, which was once the largest insurer in the world and one of the safest places...
Sep 15 2008 // Embattled insurer American International Group Inc. received New York state approval to post $20 billion of policyholders’ assets as collateral as it seeks to stave off a liquidity crisis and works with banks to fix...