Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
U.S. Industry Reserve Redundancy at $22 Billion: Aon Benfield
Jun 16 2011 // The overall U.S. insurance industry reserve redundancy is $22.0 billion versus $21.9 billion at year-end 2009, after the industry released $10.5 billion of reserves during 2010, a new study of year-end 2010 data shows. The...
Taiwan Conditionally Approves AIG’s Nan Shan Life Sale
Jun 9 2011 // Taiwan’s financial regulator gave conditional approval on Thursday to AIG’s $2.2 billion sale of its Nan Shan Life insurance unit, bringing closer to an end an almost two year long sale saga. The U.S. insurer,...
AIG Stock Dips After $8.7 Billion Share Sale by U.S. Treasury
May 25 2011 // of American International Group Inc. fell 3.6 percent Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of AIG stock. The Treasury sold 200 million shares, reducing its stake in the company to 77...
Treasury Sells AIG Shares at Slight Profit
May 25 2011 // The U.S. Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc., according to an early litmus test of market interest in the firm’s stock. The Treasury...
AIG, U.S. Treasury to Sell Nearly $9 Billion in Stock
May 11 2011 // American International Group and the U.S. Treasury said Wednesday they will sell just under $9 billion in AIG stock, suggesting the government’s exit from its crisis-era investment will be more difficult than...
AIG Shares Fall Further, Put Pressure on Treasury
May 10 2011 // Later this month investors will get a chance to buy into the revived American International Group, but dreams of a blockbuster sale have faded with the steady decline in AIG’s shares. The stakes are high for the U.S....
AIG Shares Hit Lowest Level in Months
May 9 2011 // Shares in bailed-out insurer American International Group fell to their lowest levels in nearly eight months Monday, potentially moving them into loss-making territory for the U.S. Treasury. The Treasury holds 92.11...
AIG Reports $1.5B Net Income Loss in Q1
May 6 2011 // American International Group posted a loss from continuing operations in the first quarter as it recorded a charge of more than $3 billion related to its recapitalization and termination of its credit facility from the...
People
May 2 2011 // Marsh & McLennan announced several changes to its senior management team, including the appointment of Daniel S. Glaser, 50, to the newly created position of group president and chief operating officer. Glaser had...
AIG Files Lawsuit Against Two Money Management Firms
Apr 28 2011 // American International Group sued two money management firms Thursday as the bailed-out insurer launched a fight to recoup billions of dollars it said it lost due to fraud. The insurer, 92 percent owned by the U.S....
People
Apr 18 2011 // American International Group Inc. (AIG) reorganized Chartis, its global property/casualty business, and named a new management team. Among the changes was a new CEO, Peter D. Hancock, currently AIG executive vice president...
Juhas Named to Head AIG Strategic Planning
Apr 13 2011 // Peter Juhas has been named head of Strategic Planning by American International Group Inc. (AIG). Juhas will be responsible for working with AIG’s businesses to capitalize on global growth opportunities and focus the...
AIG Urges Taiwan Unit Employees to Support Sale
Apr 12 2011 // American International Group Inc. has urged staff at Taiwan unit Nan Shan Life Insurance Co. Ltd to voice their support for its planned $2.16 billion sale, saying their silence has allowed “ill-intentioned...
Federal Reserve Plans 2 Auctions of AIG Mortgage Securities
Apr 11 2011 // The Federal Reserve Bank of New York is planning two auctions of risky mortgage-backed securities from its Maiden Lane II portfolio next week, the bank’s website indicated Friday. The sales would be the Fed’s...
U.S. Pay Czar Allows AIG Flexibility with Pay Packages at AIG
Apr 11 2011 // The U.S. pay czar will allow bailed-out firms American International Group, Ally Financial and General Motors to be flexible with their compensation packages for certain high-paid employees, according to letters released...
AIG CEO Benmosche Open to Staying at Helm Past 2012
Apr 5 2011 // Robert Benmosche, who has revived the fortunes of bailed-out insurer American International Group , said Tuesday he might consider staying at the helm past 2012 if his health permitted. “I will stay into 2012 and...
AIG Busy Investing Its Cash, May Bid on Bonds
Apr 5 2011 // Bailed-out insurer American International Group is working hard to invest cash it had set aside for a failed deal to buy assets from the Federal Reserve, Chief Executive Bob Benmosche said in an interview Tuesday. But AIG...
No Raise for AIG Chief Benmosche, Others at Bailed Out Firms
Apr 4 2011 // Compensation packages for the chief executives of bailed-out firms American International Group, Ally Financial and General Motors will not increase in 2011, the Treasury Department said late Friday. The Obama...
New Chartis CEO Hancock: Successor to Benmosche?
Apr 1 2011 // American International Group reorganized its biggest unit and charged derivatives veteran Peter Hancock with turning around the struggling property and casualty business. The move may be a sign that AIG CEO Robert...
Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
