Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
U.S. Treasury Expects $12.4 Billion Profit from Investment in AIG
Sep 10 2012 // The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve’s investment...
Treasury Launches $18 Billion AIG Stock Offering
Sep 10 2012 // The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the government a minority investor for the first time since it rescued the company in the depths of the...
AIG Off the Hook for Claims by Madoff Clients Under Home Policies
Sep 10 2012 // American International Group Inc. (AIG) does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner’s policy, a federal appeals court...
AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion
Sep 7 2012 // American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, placing the shares at a surprise premium although analysts were disappointed at the...
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer
Aug 23 2012 // The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank...
AIG Off the Hook for Claims by Madoff Clients Under Home Policies
Aug 15 2012 // American International Group Inc. does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner’s policy, a federal appeals court ruled...
Treasury Gains in Sale of AIG Stock
Aug 7 2012 // American International Group Inc. said today hat the U.S. Department of the Treasury expects to receive an additional $750 million in addition to its previous estimate of $5 billion from its underwritten public offering of...
U.S. Treasury to Raise $5B from AIG Stock Sale
Aug 6 2012 // The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the government’s stake in the bailed-out insurer to 55 percent. The sale, which...
Gov’t Agency Probes Mortgage Insurance Deals From Countrywide, AIG
Aug 6 2012 // The government’s consumer finance watchdog is investigating mortgage insurance deals between banks and the insurers American International Group Inc., MGIC Investment Corp. and Genworth Financial Inc. The three...
AIG Reports Q2 Profit Increases; Insurance Units All Gain
Aug 3 2012 // American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also...
AIG’s SunAmerica to Acquire Woodbury Financial Services from The Hartford
Aug 1 2012 // American International Group announced that its life and retirement business, SunAmerica Financial Group, Inc., has signed a definitive agreement with The Hartford Financial Services Group Inc. to acquire Woodbury...
AIG Launches PR Push on YouTube to Repair Image
Jul 30 2012 // AIG is launching a public relations campaign to repair its reputation. Last Thursday, the once-mighty insurance giant American International Group posted several videos on YouTube, www.youtube.com/aig , proclaiming that...
Walnut Place Drops Objections to $8.5 Billion BofA Deal; AIG Still Questions
Jul 24 2012 // Walnut Place, an entity that had challenged a proposed $8.5 billion settlement between Bank of America Corp. and investors in failed mortgage-backed securities, has withdrawn its objections to the deal. The development on...
People – East
Jul 23 2012 // Pawtucket, R.I.-based Narragansett Bay Insurance Company recently named Todd Hart as the new chief executive officer. Narragansett Bay founder Nick Steffey, who has stepped down from the CEO role, will continue as...
AIG to Revive AIG Name; Drop Chartis
Jul 23 2012 // American International Group Inc. said it will resume using its brand name in public in a move to recognize the company’s turnaround, Reuters reported. The insurer, which received $182 billion in government bailouts...
AIG Executive Joins Allied World’s Excess Casualty Unit in New York
Jul 19 2012 // Allied World U.S., part of Switzerland-headquartered Allied World Assurance Company Holdings AG, has appointed Kevin Maloney as vice president, excess casualty.Kevin MaloneyBased in Allied’s New York City office,...
AIG Files Lawsuit Against IRS Seeking $30.2M in Tax Interest
Jul 9 2012 // American International Group, the insurance giant saved by a massive federal bailout, wants some tax money back — from 1991. AIG is suing the Internal Revenue Service (IRS) in Federal Claims Court in Washington, D.C....
Judge Says Greenberg May Pursue $25B Suit Over AIG Bailout
Jul 3 2012 // A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of...
Former AIG, Gen Re Execs Admit to Fraud, Pay Fines
Jul 2 2012 // Five former executives of American International Group Inc and Berkshire Hathaway Inc unit Gen Re admitted to conducting a fraudulent reinsurance transaction on June 22 as part of a deal to end a years-long criminal case...
Massachusetts, Connecticut Receive AIG Settlement Funds
Jul 2 2012 // More states are officially announcing that they have collected penalties and fines as part of a multi-state regulatory settlement with American International Group over workers’ compensation insurance. On June 21,...
