Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Benmosche, Who Led AIG After Bailout, Dies at 70
Mar 9 2015 // Former AIG President and CEO Robert Benmosche, who led the insurer’s turnaround after its $182 billion government bailout, has died of lung cancer at age 70, the company announced. The company says Benmosche died on...
MENA Insurance CEO Club Expands as Regional AIG, Zurich Heads Join
Mar 4 2015 // The MENA Insurance CEO Club (MICC), an exclusive industry group that supports the insurance industry in the region, announced that Michael Jensen, Managing Director, MENA with AIG and Brian Reilly, CEO of Zurich Insurance...
Paying Tribute to AIG, MetLife Chief Benmosche
Mar 1 2015 // Steve Miller called him tenacious. Steve Kandarian remembered his fighting spirit. As Maurice “Hank” Greenberg put it, Robert Benmosche, who died Friday at 70 after leading two of the biggest U.S. insurers,...
Former AIG, MetLife Leader Benmosche Dies at 70
Feb 27 2015 // Robert Benmosche, the combative former chief executive officer of American International Group Inc. who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70. He...
AIG Opens Four New Branches in Oman
Feb 17 2015 // American International Group announced the opening of four new branches in the Sultanate of Oman. They are to be located in Nizwa, Ibri, Salalah and Sur, and “will allow AIG to further expand its business in the...
AIG Q4 Profit Drops on Debt Repayments, Reserve Charges
Feb 13 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves. Net income fell to $655 million, or 46 cents a share...
Greenberg Calls New York Fraud Suit Waste of Time, Money
Jan 30 2015 // Ex-American International Group Inc. Chairman Maurice “Hank” Greenberg said New York’s pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial...
Berkshire’s Commercial Insurer Hires AIG, Chubb Execs to Enter Canada Market
Jan 28 2015 // Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance,...
Glatfelter Healthcare Practice Adds AIG as Carrier, Expands Program
Jan 20 2015 // Glatfelter Healthcare Practice (GHP), an insurance program serving senior living facilities, home health care and other private homecare agencies, has expanded its program coverage with a new carrier, AIG. The package...
AIG Bailout Judge Not Intimidated by Government, Wall Street Names
Dec 1 2014 // Hank Greenberg’s legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington courthouse,...
2 AIG Carriers File for Redomestication
Dec 1 2014 // Two subsidiaries of the American International Group – Granite State Insurance Co. and New Hampshire Insurance Co. — recently filed for approval a plan of redomestication that would change their state of domicile...
Documents At End of AIG Bailout Testimony Could Aid Greenberg
Nov 24 2014 // The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group Inc., according to evidence introduced at the...
2 AIG Subsidiaries File to Redomesticate From Pennsylvania to Illinois
Nov 24 2014 // Two subsidiaries of the American International Group — Granite State Insurance Company and New Hampshire Insurance Company — recently filed for approval a plan of redomestication that would change their state...
XL Names AIG’s Smith to Southeast Property Underwriting Post
Nov 20 2014 // To address the property insurance needs of industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North...
Aon Benfield Places UK’s ‘Smart Meter Drive’ Coverage with AIG
Nov 19 2014 // Aon Benfield announced that it has successfully completed an “insurance placement as part of a UK government energy initiative to install smart meter systems nationwide by 2020 with AIG. The placement was made on...
AIG Global Real Estate Seeks $450 Million in Sale of South Korean Hotel
Nov 19 2014 // AIG Global Real Estate, a unit of American International Group Inc., is seeking at least $450 million from the sale of a luxury hotel in the South Korean capital, people with knowledge of the matter said. AIG’s...
AIG Names Williams VP Communications, Public Affairs for EMEA
Nov 17 2014 // American International Group has appointed Rhodri Williams to the newly created role of Vice President for Communications and Public Affairs for Europe, Middle East, and Africa (EMEA) effective January 1, 2015. He will be...
AIG to Pay N.Y. $35M to Settle Licensing Allegations
Nov 17 2014 // Insurance company American International Group Inc. has agreed to pay New York state $35 million to settle claims that two former subsidiaries did business without licenses and misled regulators about their operations in...
AIG, Not Taxpayers, Could Pay If Greenberg Wins $25 Billion Bailout Suit
Nov 14 2014 // The U.S. government has grounds to demand that American International Group Inc. pay any significant damages should Maurice “Hank” Greenberg win his $25 billion claim that federal officials shortchanged...
Hypothetically, Here’s How to Respond to a Data Breach
Nov 13 2014 // How an organization responds within 72 hours of a data breach can be critical. Take the case of GlobalMart, a hypothetical Boston-based international company that has had a hypothetically horrendous 2014, ricocheting from...
