All the headlines from our AIG Topic Page, ordered by recency.
Sep 15 2008 // The New York Federal Reserve was hosting meetings Monday on the situation of embattled insurer American International Group Inc. with representatives of the Treasury Department, financial services firms and state...
Sep 14 2008 // Insurer American International Group Inc., working to stave off rating downgrades [See related article] and shore up the capital of its holding company, has made an unprecedented approach to the Federal Reserve seeking $40...
Sep 12 2008 // Four former executives of American International Group Inc., including ex-CEO Maurice “Hank” Greenberg, agreed on Thursday to settle a long-standing shareholder lawsuit for $115 million.The insurer will receive...
Sep 11 2008 // Fears that American International Group Inc.’s large mortgage exposure could trigger another round of losses has rankled investors so much that the insurer has lost its iron grip as the world’s industry leader...
Sep 9 2008 // The AIG Companies introduced Global Supply Secure, insurance that helps mitigate the financial impact of supply chain disruptions. Jointly developed with Marsh, Global Supply Secure will be underwritten domestically by...
Sep 8 2008 // U.S. prosecutors said a scheme to manipulate the financial statements of the world’s largest insurance company, American International Group Inc., resulted in a loss of more than $1 billion to investors.Four former...
Sep 1 2008 // American International Group’s Chief Executive Robert Willumstad will soon take the scalpel to the world’s largest insurer — and not a minute too soon for investors blindsided by mortgage losses that led to...
Aug 28 2008 // American International Group has acquired 18 percent of MicroCred Nanchong, China (MNC). The deal also gives AIG the exclusive right to sell micro insurance to MNC clients for two years.“MNC is the first wholly...
Aug 21 2008 // Willumstad is the wrong person for the job and would be even if these were good times.The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on...
Aug 21 2008 // Willumstad is the wrong person for the job and would be even if these were good times.The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on...
Aug 21 2008 // W.R. Berkley Corp. named William M. Rohde Jr. president of Acadia Insurance Co., succeeding Bill Thornton, who now is chairman of Berkley Regional Specialty Insurance Co. Walter E. Stradley remains president of Berkley...
Aug 21 2008 // Sloan MasonSloan Mason Insurance Services, a San Diego-based managing general agent and wholesale insurance broker, opened an office in Sacramento, Calif., to introduce specialty programs and coverages for underground...
Aug 21 2008 // Willumstad is the wrong person for the job and would be even if these were good times.The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on...
Aug 12 2008 // AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc. (AIG), introduced Basic Health Benefits for Private Staff.Available to full-time...
Aug 8 2008 // Standard & Poor’s Ratings Services indicated that its ratings on American International Group Inc. – currently ‘AA-‘ with a negative outlook/Debt ‘A-1+’ – and AIG’s...
Aug 8 2008 // American International Group’s Chief Executive Robert Willumstad will soon take the scalpel to the world’s largest insurer — and not a minute too soon for investors blindsided by mortgage losses that led...
Aug 7 2008 // American International Group confirmed analysts’ worst forecasts, as it posted a net loss for the second quarter of 2008 of $5.36 billion or $2.06 per diluted share compared to net income of $4.28 billion or $1.64...
Aug 5 2008 // The first read on insurance companies’ second-quarter earnings shows they’re taking hits from the same kinds of mortgage-backed investments as other financial firms, but so far, most companies haven’t had...
Aug 4 2008 // As wildfires seemingly increase in frequency and severity of insured losses year after year, insurers are devising fire prevention methods to protect their client’s properties — including hiring private...
Jul 23 2008 // The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on how the market should function, has fallen off its pedestal. It not only has fallen,...