Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Calif. Treasurer Calls for Sweeping Reforms at AIG
Apr 12 2005 // With the alleged fraud at giant insurer American International Group (AIG) resulting in losses to the State’s pension funds of more than $400 million since Feb. 14 when it was announced that AIG had received...
Spitzer Claims ‘Powerful’ Evidence Against AIG; Stresses Today’s Witness Buffett Not Subject of Probes
Apr 10 2005 // New York Attorney General Eliot Spitzer said he disagrees with former CEO Maurice Greenberg’s attorney that accounting mistakes at American International Group were insignificant in their impact. Spitzer also...
Greenberg, AIG and Starr Consent to Court Order Protecting Documents Sought in Investigation
Apr 8 2005 // The Securities and Exchange Commission said it has obtained a protective order against Maurice R. Greenberg, C.V. Starr & Company Inc. and American International Group Inc., in the United States District Court for the...
Insurance Accounting Probe Spreads; Munich Re Questioned; Bermuda Opens Investigation
Apr 7 2005 // The accounting investigation swirling around AIG has now spread out across the ocean to reach Bermuda and Germany, as authorities questioned Munich Re about its relations ships with AIG and Island regulatorsd launched...
Greenberg Resigns from Transatlantic Board
Apr 6 2005 // The investigative earthquake that has shaken American International Group to its foundations reached into another part of the empire on Tuesday, April 5, with the announcement that former AIG Chairman and CEO Maurice R....
Best Assigns Issuer Credit Ratings for AIG’s Insurance Subs; Ratings Status is Under Review
Apr 6 2005 // Following AIG’s announcement that the filing of the 2004 10K will be further delayed, possibly until April 30, 2005, and the disclosure of potential accounting adjustments, A.M. Best commented that the ratings of...
Commentary: The Inevitable Hour
Apr 4 2005 // Bidding Farewell to AIG’s Legendary Hank Greenberg In America, nothing fails like success, wrote novelist Budd Schulberg. That thought, among others, was on my mind as reports swirled around that Hank Greenberg,...
AIG Under Review
Apr 4 2005 // A.M. Best Co. placed the financial strength ratings of member companies of American International Group Inc. under review with negative implications following the announcement that the chairman and CEO Maurice Greenberg...
AIG’s CFO, VP are Latest Victims of Spitzer Investigation
Apr 4 2005 // Citing “people familiar with the matter,” the The Wall Street Journal reported that insurance giant American International Group Inc. fired two of its executives because they indicated they would invoke their...
Spitzer’s Complaint Outlines Aon’s Personal Lines Deals with Insurers
Apr 4 2005 // The recent $190 million settlement between the world’s second largest insurance broker, Aon, and officials in three states sheds light on how, as New York Attorney General Eliot Spitzer and other public officials...
GREENBERG TO RETIRE AS AIG CHARIMAN:
Apr 4 2005 // Maurice “Hank” Greenberg will step down as Chairman of American International Group’s Board of Directors, ending his more than 40-year relationship with AIG. Also, Warren Buffett, the well-known investor...
AIG Halts Removal of Documents in Bermuda; CEO Sullivan Sends Letter to Shareholders
Apr 3 2005 // American International Group has reiterated its intention to cooperate with all investigations and acknowledged it had to stop efforts to remove documents from its Bermuda building, in a letter to shareholders. “AIG...
S&P Lowers AIG Ratings to ‘AA+’; To Hold Conference
Mar 31 2005 // And then there was one. The announcement late yesterday, March 30, that Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and senior debt ratings on American International Group...
AIG Again Delays Filing of 10-K Annual Report; Discloses Details About Gen Re, Offshore, Starr Dealings
Mar 30 2005 // American International Group, Inc. announced that the filing of its 2004 Form 10-K will be delayed beyond the March 31, 2005 extended due date in order to provide AIG, its board of directors and its new management more...
Copy of AIG Chairman Greenberg’s Retirement Letter
Mar 29 2005 // The Board of Directors of American International Group, Inc. (AIG) confirmed that it has received a letter from David Boies on behalf of its Chairman M. R. Greenberg, indicating his intent to retire from his position as...
Greenberg to Retire as AIG Chairman
Mar 29 2005 // The various investigations of giant insurer American International Group are continuing to take their toll. Maurice “Hank” Greenberg will step down as Chairman of American International Group’s Board of...
AIG Launches Real Estate Solutions Unit
Mar 28 2005 // The Domestic Brokerage Group of the AIG Companies announced the formation of AIG Real Estate Solutions, a consolidated unit dedicated to serving the insurance and risk management needs of the real estate sector, including...
SEC Subpoenas as Many as 12 AIG Senior Executives in Probe
Mar 28 2005 // The Securities and Exchange Commission has sent subpoenas to as many as 12 executives at American International Group Inc. amid several probes into whether questionable accounting transactions were used to improperly...
Questions over AIG Accounting Mount; Restatements Reportedly Could Reach Billions; Delay in Annual Report Possible
Mar 25 2005 // Insurance giant American International Group, under increasing scrutiny by state and federal regulators and its own internal auditors, is looking at the possibility of fixing up to $3 billion in accounting mistakes made...
Spitzer’s Complaint Outlines Aon’s Personal Lines Deals with Insurers
Mar 21 2005 // The recent $190 million settlement between the world’s second largest insurance broker, Aon, and officials in three states sheds light on how, as New York Attorney General Eliot Spitzer and other public officials...
