Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Judge Blocks Greenberg Move to Add AIG Execs to Lawsuit Over C.V. Starr
Jun 15 2007 // A judge this week denied a defense motion to add more current and former American International Group Inc. officials to a lawsuit challenging payments that the insurance giant made to an outside firm headed by former AIG...
Best Affirms AIG’s ‘Superior’ Ratings
Jun 14 2007 // A.M. Best Co. has affirmed the financial strength ratings of American International Group Inc. and a number of companies that are part of AIG, as follows: — AIG’s life and retirement services subsidiaries...
AIG to Record $50 Million Charge in Mortgage Fee Settlement
Jun 11 2007 // American International Group Inc. has settled with a federal banking regulator allegations that it charged homeowners excessive mortgage fees and didn’t properly consider their credit ratings. AIG, an insurance giant...
Greenberg: no good has come from Spitzer
Jun 4 2007 // C.V. Starr & Co. Chairman Maurice “Hank” Greenberg, former head of American International Group and a target of former New York Attorney General Eliot Spitzer’s investigations, believes...
Business Moves
Jun 4 2007 // Travelers Aviation Travelers has launched Travelers Aviation, a new unit targeting corporate and business aircraft, small to mid-size airports, aviation ground services and manufactured non-critical products used as...
AIG Capital Invests in Sindicatum Carbon Capital
Jun 1 2007 // AIG Capital Partners, Inc. (AIGCP), a member company of AIG Global Investment Group (AIGGIG) has reached an agreement to become a significant investor in London-based Sindicatum Carbon Capital Ltd. (SCC). The Company is a...
Ratings Recaps: American Modern; Hallmark Group; Erie; AIG (Notes); Selective; Donegal
Jun 1 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-” of American Modern Insurance Group and its P/C members. Best also...
Ratings Roundup: AIG
May 30 2007 // Standard & Poor’s Ratings Services has assigned its “A+” junior subordinated debt rating to American International Group Inc.’s Series A-4 junior subordinated debentures due in 2077. “The...
Jury: Brightpoint Risk Manager Guilty in Insurance Scheme with AIG
May 29 2007 // A federal jury in a civil case concluded last Friday that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite reinsurance scheme to conceal millions of dollars in losses by...
Greenberg Growing C.V. Starr at Home and Abroad
May 29 2007 // Exclusive Video Interview Greenberg Interview, Take 4: Growing C.V. Starr Chairman Maurice “Hank” Greenberg is busy growing his current insurance organization, privately-held C.V. Starr & Co. and all of...
Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
The Courage to Compete
May 21 2007 // In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG...
R.I. looking to AIG settlement to ease deficit
May 21 2007 // Rhode Island’s estimated budget deficit could grow by almost $100 million because of a stalled settlement with an insurer accused of deceptive business practices, state officials warn. As part of a massive settlement...
Stalled AIG settlement could deepen R.I. deficit
May 21 2007 // Rhode Island’s estimated budget deficit could grow by almost $100 million because of a stalled settlement with an insurer accused of deceptive business practices, state officials warn. As part of a massive settlement...
Editor’s Note: Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
Editor’s Note: Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
Big Dig insurer AIG to pay $58.5 million in workers’ comp excess profit
May 21 2007 // Massachusetts Attorney General Martha Coakley has reached a $58.5 million settlement with American International Group (AIG), the workers’ compensation carrier for the Central Artery Tunnel (CA/T) Project, known as...
Ratings Roundup: Zurich (US), National Indemnity, 21st Century
May 17 2007 // A.M. Best Co. has assigned a rating of “bbb” to the $1.5 billion subordinated trust preferred securities issued by Zurich Holding Company of America (ZHCA). The notes were issued through ZFS Finance (USA) Trust...
Merkel: P/C Lessons from Bermuda
May 17 2007 // Bermuda? Business only. Going to hit about a dozen companies in two days with one of my favorite P&C analysts, Harry Fong of Calyon. I hope there are a decent number of insurance only buy-side analysts along for the...
Merger: AIG Buying Remaining 21st Century Shares for $813 Million
May 16 2007 // American International Group, Inc. and 21st Century Insurance Group reported that AIG will acquire the 21st Century shares it does not currently own at a price of $22.00 per share in cash, for a total purchase price of...
