Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Names Fasano to New Chief Information Officer Post
Sep 15 2014 // American International Group Inc. has named Philip Fasano to the newly-created role of executive vice president and chief information officer. Fasano will be responsible for oversight of the company’s global...
AIG’s Expanded Operations Will Create 300 Jobs in Kansas
Sep 9 2014 // American International Group Inc. held a grand opening Tuesday to celebrate its expansion in Olathe, Kan., which will bring 300 new jobs to the state by the end of 2015. Gov. Sam Brownback and AIG President and CEI Peter...
State of the Market: Surplus Lines Bounces Back
Sep 8 2014 // The surplus lines industry showed its subpar showing in 2012 was uncharacteristic as it outperformed the overall property/casualty industry once again in 2013. While 2013 was a good year all-round for the P/C industry, it...
Two Plead Guilty in Iowa to Defrauding AIG, Face Decades in Prison
Sep 4 2014 // Former Iowa resident Christina M. Pender and California resident Robert K. Taylor have pled guilty to defrauding insurance company AIG out of hundreds of thousands of dollars, the U.S. Attorney’s Office for the...
Hancock Takes Over at AIG After Benmosche’s ‘Great Leadership’: Miller
Sep 2 2014 // The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said. “We’re changing generals as we move from wartime to...
After ‘Terrible’ Cancer Diagnosis, Benmosche Accelerated Exit from AIG
Aug 28 2014 // Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.’s chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70,...
U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout
Aug 27 2014 // A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the...
Freedom Industries’ Insurance Settlement Plan Favors Nonprofits
Aug 20 2014 // Freedom Industries Inc., whose leaking chemical tank made much of West Virginia’s water undrinkable early this year, filed a proposed Chapter 11 plan this week that offers nothing to people with claims for polluted...
AIG’s Mills Joins IFG in Atlanta As Managing Director
Aug 19 2014 // IFG Cos. has hired Steven M. Mills as managing director in its Submit unit. Mills will be based in IFG’s Atlanta office. In this capacity, Mills will be a member of the IFG’s Submit leadership team that...
Government Rescue Behind It, AIG Beefs Up Washington Lobbying Corps
Aug 17 2014 // Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis. Many large...
Berkshire Hathaway Hires Two Sr. Execs from AIG Asia – WSJ Report
Aug 14 2014 // Berkshire Hathaway has hired two senior executives from American International Group’s Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing people familiar with the...
AIG’s 13-Year Wait Gets Longer as Modi Rebuffed: Corporate India
Aug 14 2014 // American International Group Inc. has waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait is about to get longer. Opposition lawmakers, during the current session of...
AIG Reports 12.5% Rise in Profit in Benmosche’s Last Quarter As CEO
Aug 4 2014 // Insurer American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing...
AIG, GE Capital Systemic Risk Designations Renewed
Aug 1 2014 // The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. But the Financial Stability Oversight...
AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit
Jul 30 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot...
AIG Identified As Lead Insurer in Taiwan Plane Crash
Jul 24 2014 // American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong airport, according to Aon Plc, a broker that tracks the market for aviation...
MetLife Designation as Systemically Important Expected Soon
Jul 23 2014 // A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said. A decision...
AIG Chairman Miller Comments on Corporate Tax Rate, Succession and BofA Deal
Jul 21 2014 // American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations’ to halt firms from switching their legal address to cut obligations. The U.S....
AIG Settles for $650M from BofA in Mortgage Securities Fraud Case
Jul 16 2014 // Bank of America agreed to pay American International Group Inc. $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis. The deal, which the...
Hancock to Get $11.8 Million as Next AIG CEO
Jul 15 2014 // American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer. The short-term incentive will be $3.2 million of cash and...
