Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Reagan Joins Aon Construction Group, Focusing on Europe, Asia
Jun 30 2008 // Aon Corp. reports that Mark Reagan, former chairman of the Willis Construction practice, has joined Aon Construction Services Group as managing director. Reagan will be responsible for supporting the international practice...
AIG Decides to Hang Onto and Grow Aircraft Leasing Unit, ILFC
Jun 27 2008 // International Lease Finance Corp. (ILFC), an aircraft leasing and remarketing firm, will remain a core holding of insurance giant American International Group, Inc. (AIG). Robert B. Willumstad, AIG chairman and chief...
AIG Introduces Public Entity, Trustee Protector Coverage
Jun 25 2008 // AIG Executive Liability, a unit of AIG Commercial Insurance, introduced Public Entity Plan and Trustee Protector, a policy that protects individuals who manage public entity employee benefit plans from fiduciary liability...
AIG Private Client Group Expands Wildfire Protection Services
Jun 19 2008 // AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc., announced that its Wildfire Protection Unit service has doubled the number of...
Best Lowers Some AIG Ratings; Comments on Management Changes
Jun 18 2008 // A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A+’ (Superior) from ‘A++’ (Superior) and issuer credit ratings (ICR) to “aa” from “aa+” for the domestic...
AIG Ex-CEO Severance Seen As High As $68M
Jun 18 2008 // American International Group Inc’s former chief executive, Martin Sullivan, who stepped down on Sunday amid large subprime losses, could receive up to $68 million in severance pay and benefits, according to an...
AIG Chief Sees ‘No Sacred Cows’ in Turnaround Plan
Jun 17 2008 // When former Citigroup executive Robert Willumstad lays out his turnaround plan for insurer American International Group in September, it will likely include plans to shed some of the sprawling group’s non-insurance...
Willumstad Replaces Sullivan as AIG CEO
Jun 16 2008 // American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on Sunday, June 15, after it suffered two quarters of record losses from risky mortgage bets and its share...
N.Y. AG Cuomo Wants Ex-AIG CEO Greenberg to Answer Questions
Jun 10 2008 // New York Attorney General Andrew Cuomo has tried to block a request by the former head of American International Group Incto delay a deposition on three-year-old allegations of financial misconduct. Former AIG CEO Maurice...
AIG Offers Pollution Liability Insurance for Contractors
Jun 10 2008 // AIG Small Business, a unit of AIG Commercial Insurance, announced the availability of contractors pollution liability (CPL) insurance designed specifically for the needs of contractors with revenues under $10...
Court Affirms AIG Must Give Ex-CEO Greenberg Access to Files
Jun 6 2008 // American International Group Inc. will have to surrender certain privileged documents to its former chief executive, according to a New York Court of Appeals ruling Thursday. Maurice “Hank” Greenberg, who ran...
The Reluctant Bride: Insurance Australia Group Rejects QBE’s Latest Offer
Jun 2 2008 // Quake Shatters China’s Sichuan Province; Willis Shows Off New London Headquarters; AIG Wins One, Loses One After five weeks of high level discussions, Australia’s QBE Group withdrew its offer to acquire...
Best Takes a Number of Rating Actions on AIG and Subsidiaries
May 29 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American...
S&P Removes AIG from CreditWatch; Rating Outlook Remains Negative
May 23 2008 // Standard & Poor’s Ratings Services has affirmed and removed from CreditWatch negative its ‘AA-/A-1+’ counterparty credit and senior debt ratings on American International Group Inc. S&P also...
Judge: Evidence Showed Greenberg Phone Call in AIG/General Re Case
May 21 2008 // A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the...
Judge Rejects New Trial for Convicted Gen Re, AIG Executives
May 20 2008 // A federal judge has rejected requests to overturn the convictions of five former insurance company executives in a scheme to manipulate the financial statements of the world’s largest insurance company. The four...
AIG: $1 Million for China Quake Relief
May 19 2008 // American International Group announced a $1 million (approximately 7 million RMB) donation to support relief and rebuilding efforts following the recent 7.9-magnitude earthquake that struck China’s Sichuan Province...
S&P Rates AIG’s New Debt Offerings
May 19 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt ratings to American International Group Inc.’s €750 million ($1.163 billion) of Series A-7 and £900 million...
Greenberg’s Starr Foundation Sues AIG Over Credit Losses
May 19 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
Declarations
May 19 2008 // Fees Increase Debate “The department’s creation of this information is funded by taxpayer dollars, and this information was not intended to help private companies increase their profit...
