Robert Benmosche News

Hancock to Get $11.8 Million as Next AIG CEO

American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer. The short-term incentive will be $3.2 million of cash and the long-term will be $7 million in …

Under New CEO Hancock, Smaller AIG Expected to Focus on Growth

American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout. Hancock, 55, oversees property-casualty insurance and will be CEO and …

Hancock, Wintrob Top Candidates to Be Next AIG CEO: WSJ

American International Group Inc.’s search for its next chief executive has narrowed down to two internal candidates, the Wall Street Journal reported, citing people familiar with the matter. Peter Hancock and Jay Wintrob have emerged as the likely candidates to …

AIG’s Benmosche Receives Leadership Award From St. John’s University in N.Y.

St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” awards dinner Wednesday before a crowd of more than 1,400 in New York City.Robert H. Benmosche, president and CEO of American International Group, …

St. John’s Univ. to Honor AIG’s Benmosche as 2013 Insurance Leader of the Year

St. John’s University’s School of Risk Management (SRM) in New York will honor American International Group’s President and Chief Executive Officer Robert H. Benmosche as the “2013 Insurance Leader of the Year” at its 19th annual Insurance Leader of the …

AIG Open to New ILFC Offer or IPO as China Group Deadline Extended

American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the operation. The group, led …

AIG CEO Comments on ILFC Sale, ‘Systemically Important’ Classification

American International Group Inc. Chief Executive Officer Robert Benmosche raised doubt about whether the company will complete a sale of its plane-leasing unit to a Chinese investor group by a deadline this month. “June 14, we have to make a …

AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms

American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were unfair. The news prompted a …

Treasury Completes Final Sale of AIG Stock

The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout. Treasury said it received $7.6 …

AIG CEO Benmosche Says Taxpayers Will Profit on Bailout

AIG expects American taxpayers to end up with a profit of $5 billion to $10 billion on the company’s 2008 rescue when all is said and done, the chief executive of the bailed-out insurer said on Monday. The U.S. government …