Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Receives Delayed Deposit on ILFC Sale
Jun 5 2013 // Insurer American International Group Inc. has received a delayed deposit payment from the Chinese consortium buying its ILFC airplane leasing business, AIG said in a regulatory filing on Wednesday. Last week AIG said it...
AIG CEO Comments on ILFC Sale, ‘Systemically Important’ Classification
Jun 5 2013 // American International Group Inc. Chief Executive Officer Robert Benmosche raised doubt about whether the company will complete a sale of its plane-leasing unit to a Chinese investor group by a deadline this...
Council Proposes AIG, Prudential, GE Capital as Systemically Important, Due Extra Scrutiny
Jun 4 2013 // U.S. regulators on Monday proposed designating American International Group Inc., Prudential Financial Inc. and GE Capital for heightened regulatory oversight, in a long-anticipated move aimed at cracking down on risks to...
AIG Sues Ex-U.Va. Lax Player Over Claim
Jun 3 2013 // A former University of Virginia lacrosse player convicted of killing his ex-girlfriend was sued by American International Group over his refusal to answer questions from insurance investigators. In a May 20 court filing,...
China Group Missing Deposit Date Could Ground AIG’s Plane-Lease Sale
May 31 2013 // A Chinese group’s purchase of ILFC, one of the world’s largest airplane leasing businesses, could collapse after insurer American International Group Inc. said on Friday it did not receive a scheduled deposit...
AIG Ends a Bailout-Related Lawsuit Against N.Y. Federal Reserve
May 30 2013 // American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer retained the right after its 2008 taxpayer-funded bailout to sue over losses on...
N.Y.-Based Navigators Management Taps AIG Exec as New Chief Claims Officer
May 30 2013 // Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Glen Bronstein as chief claims officer of Navigators Management Company, the Group’s principal U.S. underwriting agency subsidiary. Prior to...
AIG in Joint Deal to Sell Life Insurance in China
May 29 2013 // American International Group Inc. reached a deal with People’s Insurance Company Group of China Ltd. for a joint venture to sell life insurance in China. AIG will contribute 24.9 million yuan ($4.1 million) and...
Greenberg Should Face Trial as ‘Deterrent,’ Says New York State
May 29 2013 // Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims against him, a lawyer for...
Greenberg Seeks Dismissal of Spitzer Reinsurance Lawsuit
May 28 2013 // New York’s highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham transactions when he was head of insurance company American International Group...
AIG Sues Ex-U.Va. Lax Player Over Insurance Claim
May 22 2013 // A former University of Virginia lacrosse player convicted of killing his ex-girlfriend is being sued by American International Group Inc. over his refusal to answer questions from insurance investigators. In a court filing...
People – East
May 20 2013 // American International Group (AIG) recently announced a number of senior appointments to replace four key commercial lines executives who bolted for Berkshire Hathaway’s insurance operations. Berkshire is reportedly...
People – South Central
May 20 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston. Johnson replaces David...
People – Southeast
May 20 2013 // American International Group Inc. (AIG) named Jeremy Johnson as president and chief executive officer of its excess and surplus lines unit, Lexington Insurance Co. in Boston. Johnson replaces David Bresnahan, who left with...
ProspX Names Former AIG Executive Gold as CEO
May 15 2013 // Austin, Texas-based ProspX Inc. named Steve Gold as president and chief executive officer, bringing to the company more than 27 years of executive management experience in commercial insurance. Co-founder and former...
Philip Named President, CEO of American International Co. Ltd. Bermuda
May 14 2013 // American International Group Inc. (AIG) has named Anthony Philip as president and CEO of American International Company Limited (AIG) in Bermuda. Philip, a native of Bermuda, will assume his new position effective...
AIG May Pursue Fraud Case vs. BofA over Countrywide
May 7 2013 // American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed...
Commercial Rates Up 5% in April; Berkshire Move Could Affect Market: MarketScout
May 7 2013 // Property, casualty and professional liability insurance rates were up five percent in April, according to MarketScout’s most recent composite index. That matches the increase for March. Commercial property and...
States Drop Challenge to $8.5B Bank of America Deal; AIG Still Opposes
May 6 2013 // The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of America Corp.’s proposed $8.5 billion settlement with investors in Countrywide mortgage-backed...
Buffett Says Berkshire to Be ‘Significant Factor’ in Commercial Insurance
May 6 2013 // Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four executives from American International Group (AIG). “I think you will see us...
