Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Q1 Earnings: AIG, Liberty Mutual Profits Soar
May 21 2012 // AIG Profit More Than Doubles American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year...
U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO
May 21 2012 // U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. “When all the assistance is considered, the amount the federal government...
Judge: New York AG Must Decide on Revealing Spitzer’s Emails on AIG
May 17 2012 // New York’s Attorney General must review his predecessor’s private emails relating to a probe of American International Group Inc. and decide whether to release them to the public, a state judge has ruled. The...
AIG Shares Fall Below Government Breakeven Price
May 17 2012 // Shares in bailed-out insurer American International Group dipped below the government’s breakeven price on its 61 percent stake in the company, just days after the U.S. Treasury completed another offering of its...
HP Loses Battle with IRS Over Tax Shelter Designed by AIG
May 15 2012 // Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group. The...
AIG Ex-CEO Greenberg Fights Ruling on Reinsurance Fraud Charges
May 15 2012 // Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect...
AIG Board Director Layton to Resign, Will Take CEO Role at Freddie Mac
May 11 2012 // American International Group Inc. said that board director Donald Layton has submitted his resignation from the board, due to his appointment as chief executive officer of Freddie Mac. The resignation is effective next...
Goldman Sachs Upgrades AIG Stock to ‘Buy,’ Sees Progress at Chartis
May 10 2012 // The Goldman Sachs Group, a global investment banking and securities firm, is bullish on American International Group Inc. In a new equity research report released Wednesday, Goldman Sachs upgraded the AIG stock to...
Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial
May 9 2012 // A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect...
Stock Sale Lowers U.S. Stake in AIG to 61%
May 8 2012 // The U.S. Treasury on Monday said it is trimming its ownership stake in American International Group Inc. to 61 percent from 70 percent by selling more shares of the insurer’s common stock. The U.S. government said it...
U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO
May 8 2012 // U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. “When all the assistance is considered, the amount the federal government...
Treasury to Sell More AIG Shares for $5 Billion
May 7 2012 // The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc. to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2...
AIG Revises Up 2010-2011 Income by $5.1B
May 7 2012 // American International Group Inc. said last month it revised up net income from 2010 and 2011 by a combined $5.096 billion after adopting an updated industry accounting standard from the Financial Accounting Standards...
AIG Q1 Profit More Than Doubles to $3.21 Billion
May 4 2012 // American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year ago. The insurer’s profit...
AIG Alleges Ex-Air Lease CEO, Employees Stole Trade Secrets
Apr 25 2012 // American International Group Inc. has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files...
AIG Adopts FASB Accounting Update, Revises Up 2010-11 Income by $5.1B
Apr 20 2012 // American International Group Inc. said Thursday it revised up net income from 2010 and 2011 by a combined $5.096 billion after adopting an updated industry accounting standard from the Financial Accounting Standards...
Allied World U.S. Appoints P/C Division President in New York
Apr 18 2012 // Allied World Assurance Company Holdings AG said industry veteran Lou Iglesias joined Allied World U.S. as president of the property/casualty division. He will be based in New York City. His responsibility will include...
Fed Chairman Bernanke Defends AIG, Bear Stearns Bailouts
Apr 16 2012 // Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central...
Liberty Mutual ‘Disappointed’ at AIG Workers’ Comp Settlement
Apr 16 2012 // Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action...
Former Head of Oversight Panel Blasts AIG Tax Deal
Apr 16 2012 // Elizabeth Warren, the former chair of a congressional oversight panel and currently a U.S. Senate candidate from Massachusetts, is criticizing the government for granting American International Group billions of dollars...
