Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
People – East
Jul 22 2013 // Insurance broker Willis Group Holdings plc promoted Todd Jones to chief executive officer of Willis North America. He is based in Willis’ New York office. Jones succeeds Vic Krauze who joined Willis in 1997 and has...
G20 to Require Largest Insurers to Hold More Capital from 2019
Jul 19 2013 // The largest global insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial list of...
Greenberg Lawyers Say Bernanke Testimony Key to Suit Over AIG Bailout
Jul 17 2013 // U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice “Hank” Greenberg’s lawsuit over the bailout of American International Group Inc., Greenberg’s lawyers...
AIG Ex-Chief Greenberg Sues Spitzer for Defamation
Jul 14 2013 // Former American International Group Chief Executive Maurice “Hank” Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, according to the...
Top 10 U.S. Aircraft Insurers: SNL
Jul 11 2013 // American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG’s role is not surprising, given its presence in Asia and focus on the...
Dwane Named President, CEO of AIG’s Latin American P/C Business
Jul 11 2013 // American International Group has appointed Jim Dwane as the new president and CEO for its property/casualty business in Latin America and the Caribbean, effective immediately. He will be responsible for AIG’s...
AIG, GE Capital Accept Systemically Important Designations
Jul 10 2013 // American International Group Inc. and General Electric Co.’s finance unit were designated systemically important by U.S. regulators, a ruling the companies had already agreed to accept. The vote by the Financial...
Will Bernanke Testify in Greenberg’s Bailout Lawsuit?
Jul 10 2013 // U.S. Federal Reserve Chairman Ben Bernanke shouldn’t be compelled to testify in Maurice “Hank” Greenberg’s lawsuit over the government’s bailout of American International Group Inc., the...
AIG Reported to Be Lead Insurer for Asiana Crash in San Francisco
Jul 9 2013 // International Group Inc. was the lead insurer providing coverage for the Asiana Airlines Inc. jet that crashed while landing in San Francisco last weekend, according to two people familiar with the matter. The coverage is...
Prudential Will Appeal SIFI Designation; AIG, GE Will Not
Jul 3 2013 // Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the label that brings additional...
Insurers, State Regulators Try to Block Bank-Like Rules by Federal Reserve
Jul 3 2013 // MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and watchdogs are pressuring the...
Greenberg’s $25B Suit Against Government Over AIG Bailout Can Proceed
Jun 27 2013 // Maurice “Hank” Greenberg can continue his $25 billion lawsuit against the U.S. over losses from the bailout of his former company, American International Group Inc., without making claims on behalf of the...
Ex-AIG CEO Greenberg Must Face N.Y. Suit, Appeals Court Says
Jun 25 2013 // Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg must face a fraud lawsuit brought by the New York attorney general, the state’s highest court ruled. The state can...
AIG Revives Plane Unit IPO After Continued Delay in China Sale
Jun 24 2013 // American International Group Inc. revived plans for an initial public offering of its plane- leasing unit after the insurer extended a deadline for a group of Chinese investors to buy the business. International Lease...
AIG UK Enhances Airside Liablity Offering
Jun 19 2013 // AIG’s Aerospace Unit in the UK has enhanced its airside premises and contractors liability protection with limits of indemnity and up to U.S. $50 million of war and terrorism cover included as...
AIG Open to New ILFC Offer or IPO as China Group Deadline Extended
Jun 17 2013 // American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the...
People – East
Jun 17 2013 // New Hampshire’s Executive Council has unanimously confirmed the reappointment of Roger Sevigny to another five-year term as the state’s insurance commissioner. New Hampshire Gov. Maggie Hassan nominated Sevigny...
Berkshire Hathaway’s Eastwood Hiring Specialty Team to Vie with Ex-Employer AIG
Jun 13 2013 // Peter Eastwood, who left American International Group Inc. with three other executives in April to start a new insurer at Warren Buffett’s Berkshire Hathaway Inc., said he’s finding it easy to attract...
AIG Names Doyle, Sankaran to Executive Group
Jun 11 2013 // American International Group Inc. added John Doyle and Sid Sankaran to the insurer’s executive group as Chief Executive Office Robert Benmosche narrows the company’s focus after repaying a U.S. bailout. Doyle...
AIG, General Motors to Be Added to S&P 100
Jun 5 2013 // S&P Dow Jones Indices says it will soon add two well-known U.S. companies to the S&P 100. Automaker General Motors Co. will replace H. J. Heinz Co. in the S&P 100 and 500 indices on Thursday. The ketchup...
