Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Names 6 Independent Directors
May 20 2009 // American International Group, Inc. (AIG) announced that six new independent director nominees will stand for election at the AIG 2009 annual meeting of shareholders scheduled on June 30. The six new nominees are Harvey...
People
May 18 2009 // Zurich Financial Services Group appointed Francis Bouchard head of the Climate Office. Bouchard will succeed Mike Kerner, who was appointed CEO of Global Corporate in North America. Bouchard will work to institutionalize...
AIG Launches IPO Process for Asian ‘Crown Jewel’
May 18 2009 // American International Group said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible. The...
People
May 18 2009 // QBE Regional Insurance recently added Charles Valinotti and Mike Bondura to its leadership team headquartered in Sun Prairie, Wis. Valinotti, senior vice president of Personal Lines, oversees personal property and casualty...
Outside the Beltway-Big ‘I’ CEO on Carrier Relations, AIG and Agent Grassroots
May 18 2009 // Bob Rusbuldt, president and CEO of the Independent Insurance Agents & Brokers of America (Big “I”), sat down with Insurance Journal‘s Andrew Simpson at the association’s recent legislative...
AIG Puts Vermont Ski Resort on the Block
May 15 2009 // Bailed-out insurance giant American International Group Inc. says it’s taking offers for Stowe Mountain Resort in Vermont. AIG spokesman Peter Tulupman confirmed that the resort went up for sale Wednesday but gave...
Report: Process for AIG Asian IPO to Start Soon
May 14 2009 // AIG is expected to soon begin the process of launching the initial public offering of its largest Asian subsidiary, according to sources familiar with the matter, in what could be one of the largest Asian IPOs to hit the...
Best Affirms Transatlantic’s ‘A’ Ratings
May 13 2009 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a” of Transatlantic Holdings Inc. Group and its members, – Transatlantic Reinsurance...
AIG Leaders Grilled on Bailout Repay at Congressional Hearing
May 13 2009 // American International Group Inc. CEO Ed Liddy met some harsh criticism at a congressional hearing on Wednesday as lawmakers demanded answers on the taxpayer bailout of the giant insurer. Rep. Dennis Kucinich wagged his...
AIG Sells Tokyo Building for $1.2 Billion
May 12 2009 // American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash (Yen115.5 billion) to Nippon Life Insurance Company. The property consists of...
No New Government Funds for AIG
May 8 2009 // American International Group, the giant insurer bailed out by the U.S. government, reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs. AIG has lost more than $100...
AIG Reports $4.35 Billion Q1 Loss
May 7 2009 // American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion compared to a net loss of $7.81 billion in the first quarter of 2008. The loss was less than the $5 billion...
AIG Performance Bonuses of $454 Million Disclosed
May 6 2009 // Embattled insurer American International Group paid some $454 million in previously undisclosed performance bonuses to employees for 2008, the company said in answers to questions from a U.S. lawmaker that released...
AIG to Post $5 Billion Q1 Loss
May 6 2009 // American International Group Inc. is expected to post a first-quarter net loss of about $5 billion, smaller than its year-ago loss and much lower than the record hit it took last quarter, a source familiar with the matter...
AIG Expected to Post Q1 Loss But Not Need More Bailout Funds
May 5 2009 // American International Group Inc. is expected to post a first-quarter loss Thursday, but the insurer’s results will not trigger a new capital injection from the U.S. government, a source familiar with the matter said...
AIG Rebranding Faces Challenges of 3 R’s and 4th, Recession
May 5 2009 // Most thought it was a good idea but nobody said it would be easy. When American International Group (AIG) announced it was going to separate and rebrand its U.S. and foreign insurance operations as an independent entity...
Business Moves
May 4 2009 // Farmers, American International Group (AIG), 21st Century Insurance Co. Los Angeles-based the Farmers Insurance Group of Companies announced it will acquire American International Group’s (AIG’s) Personal Auto...
AIG Transitioning Insurance Units to AIU Holdings
May 4 2009 // American International Group Inc. (AIG) has begun the process of rebranding of its insurance units as an independent entity, AIU Holdings, by transferring the company to a special purpose vehicle (SPV) in preparation for...
Report: AIG Nears Japan Building Sale for $1 Billion
May 4 2009 // American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said...
Business Moves
May 4 2009 // AIG, AIU American International Group, Inc. (AIG) has taken the first step to position the rebranding of its insurance units as an independent entity, AIU Holdings. AIG has transgered the company to a special purpose...
