Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Insurers Urge Lawmakers Not to Impose Bank Capital Requirements on Industry
Mar 11 2014 // Insurance companies will urge U.S. lawmakers today to stop the Federal Reserve from imposing bank- like capital standards on their industry. A provision of the 2010 Dodd-Frank Act that overhauled U.S. financial regulation...
Secret Service Agent Says Many Cyber Breaches Go Unreported
Mar 7 2014 // Many breaches in data security may be going unreported by American businesses. That’s according to Kirk Arthur, supervisory special agent for the U.S. Secret Service’s San Francisco field...
Changes at Top for AIG Commercial Lines: Smith Named COO; Shea, Thomas Head Global Lines
Mar 5 2014 // American International Group Inc. announced senior leadership changes in its Commercial Insurance business, naming Michael Smith as chief operating officer (COO). Also, James Shea has been appointed president of Global...
Fitch Upgrades AIG
Mar 3 2014 // American International Group Inc., the insurer that repaid a U.S. bailout in late 2012, has been upgraded by Fitch Ratings after buying back bonds and improving results at its units. The rating on senior debt was lifted to...
Ratings Roundup: AIG Asia-Pacific, Fuji Fire/AIU
Feb 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Singapore-based AIG Asia Pacific Insurance Pte. Ltd. (AIG APAC) and its fully-owned...
Best Affirms AIG Europe’s Ratings; Outlook Stable
Feb 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based AIG Europe Limited (AEL), a wholly owned subsidiary of American International...
Best Affirms AIG and P&C Subs Ratings; Outlook Stable
Feb 21 2014 //
Greenberg’s Post-AIG Empire Looking Like Mini-Berkshire
Feb 20 2014 // Since his ouster from American International Group Inc. in 2005, Maurice “Hank” Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version...
Judge Refuses AIG Bid to Delay Bank of America $8.5B Settlement
Feb 19 2014 // Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors won’t be delayed after American International Group Inc. and other objectors asked for a hearing to address loan modifications...
AIG Launches Cross-Border Casualty Risk Product for Multinational Companies
Feb 19 2014 // American International Group, Inc. (AIG) has launched its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty risks for U.S.-based multinational companies. The product is designed for...
AIG Lured to Malaysia by Growing Takaful Market: Islamic Finance
Feb 18 2014 // American International Group Inc. is plotting its entry into Malaysia’s Islamic insurance market, lured by the country’s economic expansion and an industry that has grown more than fivefold in less than a...
AIG Cutting Jobs, Moving Others to Lower Cost Cities
Feb 14 2014 // American International Group Inc. Chief Executive Officer Robert Benmosche is increasing returns for shareholders as he targets job cuts to simplify the firm. AIG boosted its quarterly dividend by 25 percent to 12.5 cents...
AIG Posts Q4 Profit; Commercial Combined Ratio at 107.7
Feb 14 2014 // Insurer American International Group on Thursday raised its dividend and announced more share buybacks as its fourth-quarter earnings beat expectations, swinging to a profit compared with a year-earlier loss. The company...
Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed
Feb 10 2014 // A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc. CEO Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the...
Court Denies AIG Ex-CEO Greenberg Bid to Remove Judge From New York AG Case
Feb 5 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., lost his bid to remove a judge from a lawsuit brought in 2005 by the New York state attorney general accusing him of...
Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed
Jan 29 2014 // A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing...
AIG’s Benmosche Receives Leadership Award in N.Y.
Jan 27 2014 // St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” award dinner on Jan. 15 before a crowd of more than 1,400 in New York City. AIG Property...
Regulators Reviewing Berkshire Hathaway for Systemic Risk
Jan 23 2014 // Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with...
AIG’s Benmosche Receives Leadership Award From St. John’s University in N.Y.
Jan 17 2014 // St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” awards dinner Wednesday before a crowd of more than 1,400 in New York City.(Left to right)...
Iglesias Succeeds Knight As President of Allied World North America
Jan 17 2014 // Allied World Assurance Company Holdings, AG has appointed Lou Iglesias as president for Allied World North America. Iglesias is currently president, U.S. Property & Casualty. He succeeds Gordon Knight who is retiring...
