Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Ironman Kevin Kelley: Strength Through Multiple Platforms
Oct 5 2009 // Ironshore’s CEO on Why He Left AIG and How He’s Building His Young Company In December 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30...
Not Business As Usual: AIG to Hold Low Cost Conference for Financial Advisers
Oct 2 2009 // American International Group Inc. is again hosting some of the top U.S. financial advisers and says that this time, the gathering at a California resort will cost it just $30,000. The insurer, sharply criticized for...
Ex-AIG Financial Exec Cassano Returns to U.S. As Probe Continues
Sep 29 2009 // Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying...
Report Warns Against Applying Systemic Risk Regulation to Insurers
Sep 22 2009 // Blame for the financial crisis and the near collapse of American International Group should reflect “the substantial evidence of fundamental failures in U.S. and foreign regulation of commercial banking, thrift...
As AIG Stabilizes, Greenberg’s Revised Bailout Under Consideration
Sep 21 2009 // Insurer American International Group Inc.’s once-desperate financial state has started to stabilize, a government agency said Monday, as an influential lawmaker said he would look at easing the terms of the...
AIG Stabilizing But Ability to Repay U.S. Unclear, Says Report to Congress
Sep 21 2009 // Insurer American International Group’s ability to restructure its business and repay billions of dollars to the U.S. government remains in doubt, U.S. congressional investigators said in a report released on...
Report: AIG Rebuffs CEO Benmosche’s Request for Private Jet
Sep 17 2009 // Bailed-out insurer AIG told its new chief executive Robert Benmosche that he could not use the company-owned jet for his personal use, Bloomberg News reported. Citing unnamed sources, Bloomberg said AIG’s board told...
Former General Re Executive Napier Gets Probation in AIG Fraud
Sep 15 2009 // A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books. U.S. District Judge Christopher Droney...
U.S. Prosecutors Eye Grand Jury on AIG Financial Products Chief
Sep 11 2009 // U.S prosecutors are preparing to impanel a grand jury to consider indicting the former head of American International Group’s Financial Products unit for securities fraud, the Wall Street Journal reported. The...
AIG May Use Tax Benefits of Selling Stakes to Repay U.S. Taxpayers
Sep 11 2009 // American International Group Inc. may sell stakes in its businesses, rather than shedding entire units, to repay U.S. government bailouts, retaining huge tax benefits, according to a source familiar with the matter. The...
AIG to Sell Asset Management Unit for $500M
Sep 8 2009 // American International Group Inc agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li’s Pacific Century Group for about $500 million, in the first major asset sale under the...
AIG Pays $900K to Reconcile Mass. Workers’ Comp Payout Problems
Sep 8 2009 // AIG has paid an additional $900,000 to the Central Artery Tunnel (CA/T) Project in Massachusetts as part of an ongoing reconciliation of premiums and residual market payouts stemming from the insurer’s settlement of...
Blunt-Talking AIG CEO Benmosche’s True Passion Is Wine
Sep 3 2009 // AIG’s new CEO, Robert Benmosche, has sparked just about as many headlines as one executive can in the past few weeks — and all while on holiday at his villa in Croatia looking over the Adriatic. He has been...
AIG Plane Leasing Executive May Bid for Business
Aug 31 2009 // The head of the aircraft leasing company owned by the giant financial services company American International Group is reportedly talking about buying a part of the business. The aircraft leasing company has been up for...
Report AIG’s Taiwan Unit Gets 3 Low Bids
Aug 31 2009 // Three bidders for AIG’s Nan Shan Life unit have offered less than $1.5 billion, far below the $2 billion the insurer had expected, sources close to the companies said on Friday, throwing the sale into doubt. Friday...
AIG, Former CEO Greenberg, CFO Smith Agree to Binding Arbitration
Aug 31 2009 // American International Group Inc. and former CEO Maurice “Hank” Greenberg said Monday they have agreed to privately arbitrate a shareholder lawsuit, and possibly another, potentially ending a an extended legal...
New AIG CEO Benmosche Reaches Out to Ex-CEO Greenberg
Aug 27 2009 // AIG to Hank: All is forgiven, we need your help! That is the message from Robert Benmosche, the new CEO of American International Group Inc., to Maurice “Hank” Greenberg — the man who built the company...
Reuters: Interview with New AIG CEO Benmosche in Croatia
Aug 27 2009 // Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the...
Bailed Out Firms Making Compensation Subject to Government Approval
Aug 25 2009 // Citigroup Inc., Bank of America Corp. and AIG are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. government, according to a person familiar with some recent...
$1 Billion Suit Against AIG Over Workers’ Compensation Dismissed
Aug 21 2009 // American International Group Inc. won dismissal of a federal lawsuit accusing the troubled insurer of fraudulently shortchanging state workers’ compensation pools out of more than $1 billion. However,...
