Maurice “Hank” Greenberg News

Starr’s Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden

U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice “Hank” Greenberg, chairman of Starr Insurance Companies, told Reuters on Wednesday. “President-elect Biden is no stranger to that problem,” Greenberg …

AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment

Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings Ltd., its largest standalone acquisition in 17 years. …

Greenberg Endorses Jeb Bush

Hank Greenberg, who built American International Group Inc. into the world’s largest insurer, said he’s putting his money behind Jeb Bush in the Republican party’s crowded nomination race. “Does he have the flair others are looking for? No, but that’s …

Greenberg Says Bailout Lawsuit About Government Overstepping Its Bounds

Maurice “Hank” Greenberg said that his partial victory in a lawsuit tied to American International Group Inc.’s bailout isn’t enough, and that he’s seeking financial damages to hold the government accountable. “Our Constitution is a sacred document,” the former chief …

Judge Temporarily Halts New York AG Suit Against Greenberg

Former American International Group (AIG) Chief Executive Maurice “Hank” Greenberg on Thursday won a short reprieve from New York’s case accusing him of orchestrating sham transactions at AIG. State appeals court Associate Justice David Friedman granted Greenberg’s request to halt …

U.S. Asks Court to Block Bernanke Testimony in Greenberg’s AIG Lawsuit

The U.S. Justice Department on Friday asked an appeals court to reverse a judge’s ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group Inc.’s 2008 bailout. Bernanke cannot be forced to …

AIG Ex-Chief Greenberg Sues Spitzer for Defamation

Former American International Group Chief Executive Maurice “Hank” Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, according to the lawsuit. One Spitzer comment cited in the court filing …

Greenberg’s $25B Suit Against Government Over AIG Bailout Can Proceed

Maurice “Hank” Greenberg can continue his $25 billion lawsuit against the U.S. over losses from the bailout of his former company, American International Group Inc., without making claims on behalf of the insurer, a judge ruled. Greenberg and other minority …

Greenberg Should Face Trial as ‘Deterrent,’ Says New York State

Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims against him, a lawyer for the state argued …

Former New York Governors Tell AG: Drop Greenberg Suit

In an opinion piece published in today’s Wall Street Journal, two former New York governors are urging the New York Attorney General to stop the pursuit of Maurice “Hank” Greenberg in a case tied to accounting transactions. Mario Cuomo, a …