Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Board Meets on Possible Bailout Lawsuit vs. Government
Jan 9 2013 // The board of American International Group Inc. met on Wednesday to consider a lawsuit against the U.S. government over the terms of the company’s bailout, a discussion directors defended as their responsibility but...
Zurich in North America Names Chief Risk Engineering Officer in N.Y.
Jan 9 2013 // Zurich in North America (ZNA) has appointed Thomas Fioretti as chief risk engineering officer. He will be based in New York. In this role, Fioretti will be responsible for the ongoing development and delivery of risk...
AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce
Jan 9 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from...
AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms
Jan 8 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were...
New York AG Can’t Stop $115M AIG Settlement with Ex-CEO Greenberg, Others
Jan 8 2013 // New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the insurer’s former chief executive and others, a U.S. judge ruled on...
10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Looking Back at Insurance News of 2012: The Year’s Biggest Stories
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order: Top Investor...
AIG to Thank America for Bailout in High-Profile Ad Campaign
Dec 31 2012 // American International Group,Inc. said it will launch an advertising campaign thanking America for its support during the global financial crisis, as well as highlighting AIG’s recovery and the repayment and a...
AIG May Raise up to $6.5 Billion through AIA Share Sale – Sources
Dec 17 2012 // American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the U.S. insurer started nearly 100...
Treasury Completes Final Sale of AIG Stock
Dec 14 2012 // The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government...
Commentary: AIG ‘Profits’ an Insult to the Concept
Dec 13 2012 // To say taxpayers made money from their investment in AIG is to libel the very concept of profit. Come to think of it, it may well be a gross insult to the idea of investment too. The Treasury Department announced on...
Best Sees No Change in AIG’s Ratings from U.S. Treasury Share Sale, ILFC Deal
Dec 12 2012 // A.M. Best Co. has commented that the issuer credit rating of “bbb” of American International Group is unchanged following the announcement of the U.S. Treasury’s plan to sell its remaining holdings of...
Government to See $23 Billion Total Profit on AIG Bailout
Dec 11 2012 // The U.S. Treasury’s sale of its remaining stake in American International Group Inc. will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer. The...
Timeline of U.S. Government’s Rescue, Sale of AIG
Dec 10 2012 // The U.S. Treasury said on Monday it would sell the last of its remaining AIG shares, rounding off a $182 billion bailout that began during the financial crisis. Following is a timeline of key events in the history of...
Treasury Selling All of Its Remaining AIG Common Stock
Dec 10 2012 // The U.S. Treasury is selling its remaining stake in insurer American International Group Inc., bringing an end to government ownership of the company about four years after a $182 billion bailout. The sale will close the...
AIG’s $4.8 Billion Sale of Aircraft Unit to Chinese Group Faces U.S. Security Review
Dec 10 2012 // American International Group Inc. is to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
AIG Estimates $1.3B Net Losses From Superstorm Sandy
Dec 10 2012 // American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion. The...
UPDATE: Chinese Group to Buy AIG’s Plane Leasing Unit for up to $4.8 Billion
Dec 10 2012 // American International Group has agreed to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
Chinese Firms in Talks to Buy AIG Aircraft Leasing Unit
Dec 7 2012 // A group of Chinese companies, including the Industrial and Commercial Bank of China (ICBC), is in talks to buy American International Group’s aircraft leasing unit for around $5.5 billion, a source familiar with the...
White Mountains Completes Acquisitions of AIG, PICO Runoffs
Dec 3 2012 // White Mountains Solutions Holding Co. Inc., a wholly owned subsidiary of White Mountains Insurance Group Ltd. and the group’s specialist runoff acquisition operation, said it has completed the acquisition of four...
