Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Liberty Mutual ‘Disappointed’ at $450M AIG Workers’ Comp Settlement
Mar 14 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...
U.S. to Sell $6 Billion in AIG Stock; AIG to Pay More to Taxpayers
Mar 7 2012 // The U.S. Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step...
AIG, Marsh & McLennan Q4 Earnings Improve
Mar 5 2012 // American International Group AIG reported a $19.8 billion profit for the 2011 fourth quarter, boosted by $17.7 billion in tax benefits. AIG said it has determined that it is likely to be consistently profitable in the...
AIG to Sell $6 Billion Worth of AIA shares to Repay U.S. Bail-out
Mar 5 2012 // American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out. AIG is looking to place some 1.7 billion AIA shares in a...
AIG: Return to Sustainable Profitability?
Mar 5 2012 // AIG’s top executives struck an optimistic note as the insurer reported improved 2011 fourth-quarter profit results. CEO Robert Benmosche told analysts during a conference call following the earnings report last month...
AIG Sells $500 Million Stake in Blackstone
Mar 4 2012 // Bailed-out insurer American International Group Inc. sold its entire $500 million stake in private equity firm Blackstone Group LP on Friday, according to a source familiar with the situation. AIG, which became majority...
Chartis No Longer Writing Excess Workers’ Comp as Stand-Alone Product
Mar 2 2012 // American International Group disclosed in its annual report that Chartis management decided last year to cease writing excess workers’ compensation business as a stand-alone product — as “part of its...
U.S. Seeks Dismissal of Ex-CEO Greenberg’s $25B Lawsuit on AIG Takeover
Mar 2 2012 // The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group that was filed by a company run by former AIG Chief Executive Maurice Greenberg, court documents...
Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds
Feb 29 2012 // The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means...
AIG’s Benmosche: ‘AIG Has Not Only Survived, It’s Got Its Strength’
Feb 24 2012 // AIG’s top executives struck an optimistic note as the insurer reported strong 2011 fourth-quarter profit results. CEO Robert Benmosche told analysts during a conference call this morning that AIG is regaining its...
Asia Insurer AIA Boosted by Surge in New Business
Feb 24 2012 // AIA Group Ltd, Asia’s No.3 insurer, reported a 40 percent rise in value of new business for its fiscal full year and growth in Thailand despite last year’s devastating floods, surprising analysts and sending...
AIG Posts Huge Q4 Profit on Tax Benefit; Chartis Reports $348M Income
Feb 23 2012 // Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit. The move, which sent the...
AIG’s Chartis Appoints Head of New Claims, Operations Division
Feb 22 2012 // American International Group’s Chartis, its global P/C business, has placed its claims unit and operations and systems (O&S) unit under a single management team. Eric Martinez — appointed as executive vice...
Atypical P/C Executive: Chartis CEO Hancock on Fear, Regulation, Science and More
Feb 22 2012 // The keynote speaker told the professional liability insurance underwriters that regulation is not the enemy of business growth, the plaintiffs’ bar is their ally, deleveraging of financial institutions is a good...
AIG $725 Million Settlement Approval Clears
Feb 20 2012 // Ohio Attorney General Mike DeWine said U.S. District Court Judge Deborah A. Batts’ approval of a $725 million securities class action settlement against American International Group Inc (AIG) and certain individual...
AIG In No Rush to Sell Key Assets: CEO Benmosche
Feb 15 2012 // American International Group Inc. may raise its stake in Asian insurer AIA Group someday and is open to offers for its airplane leasing business ILFC, but will bide its time on all these things, Chief Executive Bob...
AIG Reviewing Succession as Chairman Takes New Job
Feb 7 2012 // Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive of an airplane maker, the company said on Tuesday. AIG CEO Bob Benmosche has been in...
New York Fed Taps 5 Banks to Bid for AIG Bonds: WSJ
Feb 7 2012 // The Federal Reserve Bank of New York has invited five banks to bid for mortgage bonds of insurer American International Group, the Wall Street Journal reported. The five banks selected are the U.S. securities units of...
Fed Sells $7B of Mortgage Securities From AIG Bailout
Feb 6 2012 // The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer. The...
People
Feb 6 2012 // Marsh & McLennan Companies has appointed AIG executive Julio Portalatin as CEO of Mercer, MMC’s human resource consulting unit. Portalatin succeeds M. Michele Burns who left the firm last October. Portalatin...
