Robert Benmosche News

Ex-AIG CEO Benmosche’s Memoir Talks of Fending Off Wall Street Sharks

Robert Benmosche, the former American International Group Inc. chief executive officer who repaid a U.S. bailout, left behind criticism for Wall Street after his death. “The commissions being charged on the auctions were exorbitant,” as banks and law firms advised …

AIG, South Carolina’s Clemson University to Develop Risk & Analytics Center

American International Group, Inc. has announced an initial $4 million investment with Clemson University to develop a risk engineering and analytics center and to establish the Robert Benmosche Endowed Professorship in Risk Engineering and Systems Analytics, in honor of the …

Paying Tribute to AIG, MetLife Chief Benmosche

Steve Miller called him tenacious. Steve Kandarian remembered his fighting spirit. As Maurice “Hank” Greenberg put it, Robert Benmosche, who died Friday at 70 after leading two of the biggest U.S. insurers, “was a fighter.” “If he had a fight, …

Former AIG, MetLife Leader Benmosche Dies at 70

Robert Benmosche, the combative former chief executive officer of American International Group Inc. who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70. He died on Friday at NYU Langone …

Execs Hired by Berkshire Specialty Balked at AIG Philosophy: Benmosche

Robert Benmosche, who led American International Group Inc. for half a decade, said an emerging challenge from Warren Buffett’s Berkshire Hathaway Inc. hasn’t amounted to much so far. Buffett’s firm recruited AIG executives beginning last year to expand commercial coverage …

Hancock Takes Over at AIG After Benmosche’s ‘Great Leadership’: Miller

The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said. “We’re changing generals as we move from wartime to peacetime,” Miller, 72, said Tuesday in an interview with Bloomberg …

After ‘Terrible’ Cancer Diagnosis, Benmosche Accelerated Exit from AIG

Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.’s chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70, said in an interview …

AIG Reports 12.5% Rise in Profit in Benmosche’s Last Quarter As CEO

Insurer American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit. AIG noted that it bought back about $1.1 billion …

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 …