Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Appoints Former IRS Attorney as Deputy Tax Director
Sep 22 2011 // American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former law professor, as deputy tax director. In this role, Potter will be responsible for...
‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry
Sep 20 2011 // C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican...
Cantlay to Join AIG-Backed Lloyd’s Syndicate, Ascot, as Executive Director
Sep 12 2011 // Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG’s Lloyd’s Syndicate, Ascot Underwriting, as Executive Director starting 3rd October. Ascot manages Lloyd’s Syndicate...
AIG’s Plane Leasing Unit ILFC Files for Initial Public Offering
Sep 6 2011 // AIG’s aircraft leasing unit, International Lease Finance Corp., filed for an initial public offering Friday despite deep uncertainty in equity markets that could delay an offering until next year. ILFC Holdings Inc.,...
Business Moves
Sep 5 2011 // Vertafore, Kaplan Compliance Insurance agency technology vendor Vertafore said that its subsidiary Sircon will acquire Indianapolis, Indiana-based Kaplan Compliance Solutions (KCS), which sells insurance and securities...
Florida ‘Fraud Dog’ Bringing Insurance Cases to TV
Sep 5 2011 // Insurance fraud is so big it could be getting its own reality television show. The show, called the “Fraud Dog,” is in pilot production, and will star Linda Webb, a former AIG insurance claim executive and...
Business Moves
Sep 5 2011 // Northbridge, Scanlon Guerra Burke Two independent insurance brokers are joining forces to become one of the largest insurance brokerages in Los Angeles and Ventura counties. The agreement combines Northridge Insurance...
AIG Suit Against Bank of America Raises Disclosure Issues
Aug 31 2011 // Top Bank of America Corp. lawyers knew as early as January that American International Group Inc. was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources...
AIC Holdings Appoints Purdy President, CEO of Underwriters
Aug 25 2011 // AIC Holdings appointed Robert G. Purdy to president and CEO of AIC Underwriters, based in Philadelphia, PA. Purdy will be responsible for leading the underwriting, marketing and operations strategies for the AIC...
AIG Pays Back Another $2B on U.S. Treasury Debt
Aug 19 2011 // American International Group Inc. reported that it has reduced the remaining liquidation preference of preferred interests that the U.S. Department of the Treasury holds in AIA Aurora LLC to approximately $9.3 billion by...
AIG, Banks File Motion to Block Class Action Suit
Aug 18 2011 // Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG’s 2008 near-collapse. Their argument is...
AIG Executive Schreiber Assumes Treasurer Role
Aug 16 2011 // American International Group Inc. (AIG) reported that Brian T. Schreiber, executive vice president, Treasury and Capital Markets, has been named to the additional role of AIG treasurer. Schreiber is succeeding Robert A....
Insurer Offers Bail Out to U.S. Government
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
AIG Sues BofA for $10 Billion, Alleges ‘Massive Mortgage Fraud’
Aug 8 2011 // Insurer American International Group (AIG) is suing Bank of America Corp. to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the...
AIG Plans to Keep Mortgage Insurance Unit
Aug 5 2011 // Bailed-out insurer American International Group plans to hold on to its mortgage insurance business even as the rest of that industry struggles with rising claims, AIG’s chief executive said Friday. Mortgage insurers...
AIG Posts Q2 Profit on AIA Stake
Aug 5 2011 // Bailed-out insurer American International Group reported a profit for the second quarter Thursday, as tax benefits and its one-third stake in Asian insurer AIA offset a decline in operating income at its main...
General Re, AIG Executives’ Convictions Tossed; New Trial Ordered
Aug 2 2011 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. unit and one at American International Group Inc. won the reversal of their convictions over a reinsurance transaction that prosecutors said...
SEC Seeks More Disclosure by AIG on Credit Ratings
Aug 1 2011 // The U.S. Securities and Exchange Commission has asked insurer American International Group (AIG) to provide more disclosure about how and why it assigns credit ratings to investments in its portfolio, according to letters...
P/C Insurers Still Saddled with Asbestos Reserve Challenges
Jul 28 2011 // Asbestos-related diseases have been falling for a decade, but warnings from a pair of U.S. insurance giants about new claims raise questions about the industry’s ability to put the scourge behind it. While medical...
Commission Allows Group to Buy AIG Taiwan Unit
Jul 15 2011 // Taiwan’s Financial Supervisory Commission says a local conglomerate has met conditions the commission stipulated in June to purchase AIG’s Taiwanese insurance unit, paving the way for final approval. The...
