Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Federal Reserve Votes to Retire AIG Bailout Tool
Nov 30 2015 // The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG, Citigroup and others in...
AIG Reported Considering Sale of Blocks of Business to Narrow Focus
Nov 29 2015 // American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is considering the sale of blocks of life policies, according to people familiar with the company’s...
Activist Investor Icahn Ups Pressure on AIG CEO Hancock
Nov 24 2015 // Billionaire investor Carl Icahn said he may seek to shake up leadership at American International Group Inc. after Chief Executive Officer Peter Hancock rebuffed his plan to split the insurer into three companies. Icahn...
Fifth Largest AIG Shareholder, Icahn, May Propose New AIG Director
Nov 23 2015 // Activist investor Carl Icahn said he may propose adding a new director to American International Group’s board, since AIG Chief Executive Peter Hancock was unlikely to “sincerely consider” his suggestion...
If AIG Is Selling, Greenberg Is Listening, Says Lawyer
Nov 20 2015 // Maurice “Hank” Greenberg, who spent four decades at American International Group Inc., would consider investing in the insurer he helped build into the world’s largest before the financial crisis, his...
Activist Investor Icahn on High-Yield Bonds, AIG, Interest Rates
Nov 19 2015 // Billionaire activist investor Carl Icahn said he is betting against high-yield bonds, as he sees a bubble among companies that have overborrowed recently, and expects the dollar to keep rallying into next year. Icahn,...
If AIG Won’t Split, Then It Should Sell Pieces: Investor Paulson
Nov 18 2015 // John Paulson, the billionaire whose proposal to split American International Group Inc. into three companies was rebuffed by Chief Executive Officer Peter Hancock, would also support an alternative plan for the insurer to...
AIG Eases Bylaws on Nominating Directors
Nov 17 2015 // American International Group Inc. said it has amended its bylaws to allow some shareholders to nominate directors in the proxy statement for its annual meetings. Under the by-law amendments, a shareholder or group of up to...
Credit Markets Oppose Splitting Up AIG
Nov 6 2015 // American International Group Inc. Chief Executive Officer Peter Hancock has a bit of ammo as he meets Thursday with activist shareholder Carl Icahn: The credit market has been on the insurer’s side. The cost to...
AIG CEO to Employees: Expect Fewer Lifetime Jobs
Nov 5 2015 // American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can’t all count on lifetime employment with the...
AIG CEO Hancock Rejects Icahn’s Breakup Plan
Nov 4 2015 // American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and...
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,...
