Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG, Brookfield End Litigation Over Financial Crisis
Sep 24 2013 // American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge’s ruling that the insurer’s collapse triggered default provisions in...
MetLife Says Regulators May Miss Key Insurer Risks with Focus on Bank Rules
Sep 19 2013 // Federal regulators may miss important threats to the financial stability of U.S. insurers by focusing on bank risks, MetLife Inc. Chief Financial Officer John Hele said. “Bank rules overlook key insurance...
AIG, Lincoln Among Insurers Said Pushed by N.Y. on Universal Life Product Reserves
Sep 12 2013 // New York State’s financial-services regulator is pressing insurers including American International Group Inc., Lincoln National Corp. and Principal Financial Group Inc. to boost reserves at units in the state, a...
AIG Not Renewing Reinsurance with Rival Berkshire: Source
Sep 11 2013 // American International Group Inc. has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. after Warren Buffett’s company started a commercial insurer competing against AIG, according to a...
People – East
Sep 9 2013 // N.Y.-based private equity firm KKR & Co. hired former Willis Group Holdings CEO Joseph Plumeri as a senior adviser. In his new role, Plumeri will help find and evaluate potential investments and work with KKR’s...
People – Southeast
Sep 9 2013 // Aon Risk Solutions, the global risk management business of Aon, recently announced the addition of Christopher Cote as senior vice president in the Charlotte, N.C., office. In his new role, Cote will be responsible for...
AIG Names Coory Vice President for Corporate Marketing for Asia Pacific
Aug 28 2013 // American International Group Inc. has appointed Damian Coory to the newly created role of vice president for Corporate Marketing and Communications for Asia Pacific. Coory will report to Christina Pretto, senior vice...
AIG to Get $905 Million From Brookfield to End Rate-Swap Dispute
Aug 26 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield Asset Management Inc. to resolve a dispute tied to interest-rate swaps. Brookfield,...
U.S. Asks Court to Block Bernanke Testimony in Greenberg’s AIG Lawsuit
Aug 18 2013 // The U.S. Justice Department on Friday asked an appeals court to reverse a judge’s ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group Inc.’s...
AIG Expands D&O Side A Capacity to $100 Million
Aug 16 2013 // American International Group, Inc. (AIG) is has increased its global Side A directors and officers (D&O) liability insurance to $100 million. This new capacity from AIG can facilitate the resolution of severe and...
Zurich’s Hogan Rejoining AIG As CEO of Global Consumer Insurance
Aug 14 2013 // American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG in early October. Hogan...
AIG, Former Executives Sued by Nuveen Investment Funds, UCalif Regents
Aug 8 2013 // Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company committed securities fraud in the months leading up to the U.S. financial crisis in 2008. Also named as defendants in a...
New York City Prep School Sues AIG Insurers Over Denial of Abuse Coverage
Aug 7 2013 // New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and indemnify the school for damages stemming from sex-abuse claims by former students against...
Commentary: Does FSOC Understand the Business of Insurance?
Aug 5 2013 // The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that “material financial distress at AIG could pose a threat to U.S....
AIG to Move Headquarters to Nearby Water Street in Lower Manhattan, NYC
Aug 2 2013 // American International Group Inc., the insurer that reinstated a dividend yesterday, will move its headquarters to a building it owns at 175 Water St. in Manhattan as the lease expires at a property on Maiden...
AIG Reports 17% Increase in Profit; Issues First Dividend Since 2008
Aug 2 2013 // American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by...
Insurers, Customers Were Kept Safe from 2008 Financial Crisis: GAO Report
Jul 30 2013 // At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry’s own practices and the policies of state and federal...
AIG to Close Down Savings Bank Unit Due to Dodd-Frank Limits
Jul 30 2013 // American International Group Inc. will return funds to customers of its banking unit and shut their accounts as the Dodd-Frank Act places limits on insurers with deposit-taking units. AIG Federal Savings Bank “will...
Judge Says Bernanke Should Testify in Greenberg’s Suit Against Bailout
Jul 29 2013 // A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice “Hank” Greenberg, against the United States...
Here Comes Berkshire Hathaway
Jul 22 2013 // Interview with BHSI’s Peter Eastwood on Building a New E&S Giant When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture’s professional liability division a few weeks...
