Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Judge Rules for Greenberg in Suit Against AIG Bailout But Nixes Damages
Jun 15 2015 // Update: Greenberg Will Appeal AIG Bailout Case Win Over Lack of Damages The U.S. set illegal terms in demanding American International Group Inc. stock for an $85 billion bailout during the financial crisis, but that...
AIG Gains $3.7 Billion Cash in Sale of Aircraft Leasing Unit AerCap Stock
Jun 5 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG sold about 71.2 million...
AIG CEO Hancock Assesses Risk from Greenberg Bailout Lawsuit
Jun 3 2015 // American International Group Inc. Chief Executive Officer Peter Hancock said that it’s difficult to quantify the financial risk to the company from former CEO Maurice “Hank” Greenberg’s suit over...
People – East
Jun 1 2015 // Benjamin M. Lawsky announced his plan to leave the New York State Department of Financial Services (NYDFS) in late June after four years serving as the newly created agency’s first superintendent. Lawsky was...
Greenberg at 90: Still Fighting and Angry After All These Years
May 27 2015 // Maurice “Hank” Greenberg spent some of his 90th birthday party like he’s spent much of the past decade: angry. As he addressed his family at a lunch at a private estate this month, one of his sons made...
AIG Acquires Controlling Stake in ING Employee Benefits Global Network
May 20 2015 // American International Group Inc. has acquired a controlling stake in ING Employee Benefits Global Network and renamed it AIG Global Benefits Network. The network is based in Belgium. The network’s minority...
People – East
May 18 2015 // Massachusetts Gov. Charlie Baker’s administration announced the appointment of Daniel R. Judson as new commissioner at the Massachusetts Division of Insurance. Judson succeeds Joseph Murphy who stepped down from the...
Paulson’s Hedge Fund Bets $800M on AIG
May 17 2015 // Billionaire John Paulson’s hedge fund firm bought a position in American International Group Inc. in the first quarter valued at $800 million at the end of March, in his latest bet on the insurance industry. The New...
AIG Names Schreiber Chief Strategy Officer, Eyes M&A Deals
May 13 2015 // American International Group Inc. named dealmaker Brian Schreiber chief strategy officer as the insurer shifts to expanding through acquisitions after years of contracting through asset sales to repay a U.S....
Greenberg Feels Good About AIG Bailout Trial Closing
May 7 2015 // Maurice “Hank” Greenberg, the former chief executive officer of American International Group Inc., said he’s happy with closing arguments in a trial his company has led against the U.S. regarding...
AIG Could Follow GE’s Move to Shed ‘Too-Big-to-Fail’ Tag
May 4 2015 // American International Group Inc., the insurer that received a $182.3 billion bailout, said it would weigh reshaping the company to escape the U.S. government risk tag that brings greater regulatory oversight. “The...
People – East
May 4 2015 // The Hartford named Kathy Bromage as chief marketing and communications officer and David Robinson as executive vice president and general counsel, effective June 1, 2015. Bromage joined The Hartford in 2004 as chief...
AIG’s Commercial Lines Improves in Q1
May 1 2015 // American International Group Inc.’s reported good news in its commercial lines business during the first quarter that was partially offset by low interest rates and weak investment returns. AIG on Thursday reported...
AIG Enhances Cybersecurity Services for Cyber Risk Management Program
May 1 2015 // American International Group has formed new partnerships with cybersecurity experts to expand the risk mitigation and prevention services it offers cyber insurance clients. The partnerships include: K2 Intelligence,...
Schinnerer Taps AIG’s Kletzli to Lead Management Liability Practice in Maryland
Apr 23 2015 // Matthew Kletzli Specialty underwriting manager Victor O. Schinnerer & Company hired Matthew Kletzli as senior vice president and Management Liability Practice leader. Kletzli will be based in the firm’s Chevy...
Judge Challenges Legality of U.S. Taking Over AIG During Bailout
Apr 23 2015 // The judge weighing a $25 billion investor lawsuit over the 2008 bailout of American International Group Inc. challenged U.S. arguments that assuming control of the insurer didn’t amount to taking shareholder...
Greenberg Wants State’s High Court to Nix New York AG’s Fraud Case
Apr 22 2015 // In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice “Hank” Greenberg is seeking permission to ask New York’s highest court to throw out the accounting fraud...
Greenberg May Have Advantage with Judge Deciding AIG Bailout Challenge
Apr 22 2015 // Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion. On Wednesday, the judge presiding over his...
Judge to Hear Closing Arguments in Greenberg’s Case Against AIG Bailout
Apr 21 2015 // Closing arguments are scheduled for Wednesday in the U.S Court of Federal Claims in Washington, D.C. in a lawsuit challenging the 2008 government bailout of American International Group (AIG). The suit was brought by Starr...
People – East
Apr 20 2015 // American International Group Inc.named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before...
