Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG, South Carolina’s Clemson University to Develop Risk & Analytics Center
Nov 3 2015 // 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...
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400...
Moody’s Says Splitting Up AIG Would Be Credit Negative
Nov 2 2015 // Moody’s Investor Service today said that a break-up of American International Group (AIG) and removal of its systemically important financial institution (SIFI) designation as called for by activist investors would...
AIG Has Been Mulling Sale of Mortgage Insurance Unit: WSJ
Oct 30 2015 // American International Group Inc. directors have been discussing the sale of the company’s mortgage insurance business “for a while” but “no final decision has been made about the unit,” the...
Call for Splitting AIG a Challenge to CEO Hancock
Oct 29 2015 // Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett’s Berkshire Hathaway Inc.’s new commercial...
Activist Paulson Joins Icahn’s Call to Break Up AIG
Oct 28 2015 // Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a...
AIG Seeks $2 Billion in Case Against Life Settlements Firm
Oct 27 2015 // An American International Group Inc. unit told a U.S. judge on Monday that a Philadelphia-area firm should be forced to pay more than $2 billion for overcharging it for life insurance policies acquired from elderly...
Reinsurance Broker TigerRisk Hires Ex-AIG, Hanover Exec. Bensinger as Adviser
Oct 26 2015 // TigerRisk Partners has hired insurance-industry veteran Steven Bensinger, who oversaw American International Group Inc.’s finances during the early part of the global credit crisis, to advise clients. Bensinger,...
BHSI Adds New Leadership, Expands Executive, Professional Lines Offerings
Oct 21 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has added new leadership to its Executive & Professional Lines as part of the company’s expansion of its dedicated underwriting capabilities in the U.S. According to...
AIG Makes Leadership Changes at Commercial Insurance
Oct 16 2015 // American International Group (AIG) announced leadership appointments in its Commercial Insurance business, including a new chief underwriting officer and the newly-established roles of global head of Cyber, and presidents...
AIG to Sell Central American Operations to ASSA
Oct 16 2015 // ASSA Compañía Tenedora, S.A. and ASSA Compañía de Seguros (ASSA) will acquire 100 percent of American International Group’s Central American operations in El Salvador, Guatemala, Honduras and Panama in a share...
Aubert Appointed CEO of UK-based Willis Limited
Oct 12 2015 // Willis Group Holdings has appointed Nicolas Aubert as CEO of Willis Limited, the Willis Group’s principal UK regulated entity. The appointment, which has received regulatory approval from the Financial Conduct...
Too-Big-to-Fail Insurers Face 10% Hike to Capital Requirements: Int’l Regulators
Oct 5 2015 // Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators. The increase would be as high as...
Massachusetts Announces $430K Settlement With AIG Subsidiary
Oct 5 2015 // The Insurance Company of the State of Pennsylvania (ICSOP), a subsidiary of the American International Group (AIG), has agreed to pay $430,000 to settle allegations that it sold unauthorized health insurance to...
Massachusetts AG Healey Announces $430K Settlement With AIG Subsidiary
Sep 16 2015 // The Insurance Company of the State of Pennsylvania (ICSOP), a subsidiary of the American International Group (AIG), has agreed to pay $430,000 to settle allegations that it sold unauthorized health insurance to...
AIG Loses Appeal Over Foreign Tax Credits
Sep 11 2015 // A U.S. appeals court on Wednesday rejected efforts by American International Group Inc. and Bank of New York Mellon Corp. to recoup hundreds of millions of dollars of foreign tax credits that the Internal Revenue Service...
Court Narrows Investment Firms’ Claims Against AIG
Sep 11 2015 // American Group International Group Inc. won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors...
AIG, Axis Insure Adultery Website AshleyMadison: Report
Sep 9 2015 // American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns AshleyMadison.com, the adultery website hacked in a breach that exposed more than 37 million users, people...
