Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Michigan Suit Challenging AIG Bailout on Religious Grounds Proceeds
Jun 4 2009 // A Michigan man who is challenging the government’s bailout of American International Group has won an early legal victory. U.S. District Judge Lawrence Zatkoff recently refused to dismiss a lawsuit filed in December...
Judge Rules Jury to Hear Claims in Starr-AIG Battle
Jun 4 2009 // A jury should hear the claims in litigation between American International Group Inc. and Starr International Co. Inc. controlled by the troubled insurance giant’s former chief executive, Maurice “Hank”...
AIG to Sell Argentina Consumer Finance Operations
Jun 3 2009 // American International Group, Inc. (AIG) announced that it has entered into an agreement to sell 100 percent of its shares in its consumer finance operations in Argentina, consisting of Compania Financiera Argentina S.A....
AIG to Sell New York Buildings Including Pine St. Headquarters
Jun 3 2009 // American International Group Inc. has reached a deal to sell two New York buildings, including its downtown Manhattan headquarters, a source familiar with the matter said Tuesday. The buildings being sold are located at 70...
AIG Names Martinez CEO of United Guaranty
Jun 2 2009 // American International Group, Inc. (AIG) has named Eric Martinez, Jr. as chief executive officer of United Guaranty Corp. (UGC). UGC, based in Greensboro, North Carolina, is a provider of mortgage guaranty...
Declarations
Jun 1 2009 // National Producer Licensing Need “Throughout the current financial crisis, the state insurance regulatory system continues to show how well it protects both individual consumers and businesses. Although the system...
AIG CEO, Chairman Liddy Calls It Quits
Jun 1 2009 // Finding a New CEO Won’t Be Easy, Consultants Say American International Group Inc. (AIG) announced on May 21 that Chairman and CEO Edward M. Liddy intends to step down once the board finds replacements for him. But...
Business Moves
Jun 1 2009 // AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on...
Business Moves
Jun 1 2009 // AIG American International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi...
Max Cap, Validus, IPC Skirmishes; AIG IPO; Pirates Continue Attacks
Jun 1 2009 // As the June 12 shareholders meeting approaches, the three-way tussle between Bermuda-based Validus Holdings and the Max Capital Group over the acquisition of IPC Re shows no signs of letting up. In the latest round Validus...
Fireman’s Fund: Focusing on Agents
Jun 1 2009 // CEO LaRocco, Exec Barnard Outline Insurer’s Renewed Strategy to Re-Engage Agents and Deliver Greater Value Weathering today’s economic storm has not been easy for insurance companies. Consumers are more...
AIG Completes Tokyo Building Sale
May 29 2009 // American International Group announced that it has completed the sale of its prime real estate holding in the Otemachi District in Tokyo to Nippon Life Insurance Company. AIG said that “under the terms of the...
New Director Leads AIG CEO Search
May 29 2009 // A search for a successor to Edward Liddy, chairman and chief executive of AIG, is being led by board member Dennis Dammerman, according to a source familiar with developments. The search, which is expected to take no more...
Ratings Recap: Navigators, AIG (So. Am.), Electro Re, Casiopea Re
May 28 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Navigators Insurance Group, which is comprised of Navigators Insurance Company...
AIG Selling Part of Stake in Reinsurer Transatlantic Via Secondary Offering
May 28 2009 // American International Group Inc. said Thursday it will sell a part of its 59 percent stake in reinsurer Transatlantic Holdings Inc. to the public in a secondary offering, marking its latest divestiture. AIG, which is...
Insurance Broker Sues AIG Over Business Practice
May 27 2009 // A California insurance broker is suing American International Group, accusing the nation’s largest insurance and financial corporation of engaging in unfair business practices. Insurance broker Linda Harris,...
Finding New AIG CEO Won’t Be Easy, Say Consultants
May 26 2009 // Who would apply for a job that requires regular coach flights to Washington to be abused by Congress on international television, to run a company that in many ways symbolizes the financial crisis? And oh by the way, the...
AIG CEO, Chairman Liddy Calls It Quits; Search On for 2 Replacements
May 21 2009 // American International Group, Inc. (AIG) announced today that Chairman and Chief Executive Officer Edward M. Liddy intends to step down once the board finds replacements for him. Liddy has recommended that the chairman and...
S&P Says AIA, AIAB Ratings ‘Not Affected’ by AIG Spinoff Plans
May 20 2009 // Standard & Poor’s Ratings Services said that its ratings on Hong Kong-based American International Assurance Co. Ltd. (AIA; A+/Developing/–) and American International Assurance Co. (Bermuda) Ltd. (AIAB;...
Court Approves $843 Million for AIG Investors Hurt By Alleged Fraud
May 20 2009 // A federal court has approved the distribution of more than $843 million to harmed investors at insurer American International Group, the U.S. Securities and Exchange Commission said Tuesday. The court estimates that checks...
