Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
China PICC Group Sees Shanghai Listing in 2013 Second Half
Mar 11 2013 // Chinese state-owned People’s Insurance Company of China Group (PICC), one of the country’s largest insurers, could complete an A-share listing in Shanghai in the second half of this year, the firm’s...
AIG Ends U.S. Government Interest with Warrant Buyback
Mar 11 2013 // Insurer American International Group Inc. eliminated the U.S. government’s last financial interest in the company on March 1, buying back warrants from the U.S. Treasury for about $25 million. The government rescued...
AIG Ends U.S. Government Interest with Warrant Buyback
Mar 1 2013 // Insurer American International Group Inc. eliminated the U.S. government’s last financial interest in the company on Friday, buying back warrants from the U.S. Treasury for about $25 million. The government rescued...
AIG Expands NextGen Product to Transportation, Logistics Industry
Feb 28 2013 // The American International Group (AIG) insurers have expanded their NextGen Protection suite of products with the release of PLL Transportation and Logistics Protect. PLL Transportation and Logistics Protect is...
Yacht Fires Pose Challenge to Firefighters and Insurers
Feb 25 2013 // Difficult to access and usually within confined spaces, yacht fires can grow into big losses quickly, posing challenges to both firefighters and insurers. Severity, a concern for high-end watercraft insurers led to the...
AIG Q4 Operating Results Beat Expectations
Feb 21 2013 // Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this year because the...
AIG to Purchase Outstanding Interest in AIG Israel
Feb 18 2013 // American International Group announced that it has reached an agreement with Aurec Gold Investments Limited to acquire Aurec’s 49.99 percent interest in AIG Israel Insurance Company Ltd. AIG currently owns 50.01...
Illinois Market Conduct Exams Bring $10M in Fines
Feb 11 2013 // Illinois Department of Insurance (DOI) Director Andrew Boron has announced that more than $10.3 million in market conduct fines was collected from insurance companies by the department in calendar year 2012. This amount...
AIG Survey Shows Top Executives’ Concerns with Cyber Risk
Feb 8 2013 // A survey of perceptions about cyber risk sponsored by the American International Group Inc. (AIG) found that among corporate executives, more are concerned about cyber threats than about other major business risks. More...
Trotti to Head AIG’s International Aerospace Unit
Feb 6 2013 // American International Group announced that Joseph J. Trotti has joined the company as President and CEO of its Aerospace division, part of AIG’s Global Specialty business. He takes over responsibility for all...
Treasury Pay Czar Allowed Excessive Pay at Bailed-Out AIG, GM: Inspector General
Jan 28 2013 // The U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that it did not live up to its own rules, an internal watchdog said on Monday. The...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Best Affirms AIG Europe Limited Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of UK-based AIG Europe Limited (AEL), formerly Chartis...
Declarations – East
Jan 28 2013 // AIG Will Not Sue Gov’t “AIG will NOT move forward with Starr lawsuit against government or NY Fed, continues to thank America for support.” —A Jan. 9 tweet sent from AIG’s official Twitter...
Florida Regulators Seek to Distribute $25 Million in AIG Assets
Jan 14 2013 // Florida regulators are looking to return to residents some $25 million in unclaimed property that has been returned to the state as part of a settlement agreement with American International Group over life insurance...
AIG Sues to Preserve Right to Sue Bank of America, Others Over Mortgage Debt
Jan 14 2013 // American International Group Inc. has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp .and other...
Declarations – East
Jan 14 2013 // Loss-Prevention Efforts “Heavy losses caused by weather-related natural catastrophes in the USA showed that greater loss-prevention efforts are needed. It would certainly be possible to protect conurbations like New...
Declarations – Midwest
Jan 14 2013 // Certain Losses “Those cars are going to be losses.” —U.S. Postal Service spokesman Pete Nowacki said up to 30 postal vehicles and an undetermined number of employee cars were submerged behind a mail-sorting...
Greenberg Won’t Sue AIG Over Bailout Lawsuit Vs. Government
Jan 10 2013 // Hank Greenberg will not sue AIG over the company’s decision not to join his lawsuit against the U.S. government, his lawyer said on Thursday. Greenberg, who was chief executive officer of American International Group...
AIG Decides Not to Join Bailout Lawsuit Against Government
Jan 9 2013 // The board of American International Group Inc. decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company’s bailout, following two days of fevered backlash from Congress and...
