Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Acquires The Hartford’s Financial Advisory Group Woodbury
Dec 3 2012 // American International Group Inc. has acquired broker-dealer Woodbury Financial Services Inc. from The Hartford. The companies signed an agreement for the acquisition on July 31, 2012. Woodbury Financial Services is now...
AIG, Others to Take up Half of China PICC’s $3.6 Billion Hong Kong IPO
Nov 21 2012 // Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of its up to $3.6 billion IPO, set to be the biggest in Hong Kong in two years. The...
Ex-AIG CEO Greenberg, Starr May Appeal Dismissal of Bailout Suit
Nov 19 2012 // The Federal Reserve Bank of New York won the dismissal of former American International Group Inc. Chief Executive Maurice “Hank” Greenberg’s $25 billion lawsuit accusing it of unlawfully bailing out the...
UPDATE: China’s PICC in Talks with AIG as Buyer for $4 Billion HK IPO
Nov 16 2012 // China’s PICC Group is in talks with American International Group and others to become cornerstone investors for its planned listing worth up to $4 billion, in what will be Hong Kong’s biggest IPO in two...
AIG Introduces OSHA Assist for Construction Clients
Nov 14 2012 // American International Group, Inc. has introduced OSHA Counsel Assist (OSHA Assist), an enhancement to general liability programs for construction clients that provides policyholders with legal support and additional...
AIG’s Core P/C, Life Operations Resume Use of AIG Brand Name
Nov 11 2012 // American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including Chartis, in most locations, and that the company’s life and retirement segment is...
AIG: Sandy Losses Won’t Be a Huge Issue Financially
Nov 5 2012 // The American International Group executives are assuring investors that Sandy-related losses won’t have any significant impact on the company’s financial strength. Also, AIG announced in its Sunday, Nov. 4,...
AIG Will Pay $300M to Settle Life-Insurance Probe
Nov 5 2012 // American International Group will pay more than $300 million to settle dispute with U.S. states over life-insurance payments that go unclaimed, according to an Oct. 22 announcement from California’s finance...
Insurers, Brokers Say Some Northeast Offices Still Closed Due to Sandy
Nov 2 2012 // Superstorm Sandy — and the widespread power outages and transport problems that followed — affected business operations of numerous companies in the Northeast, including those of insurers and brokers. Companies...
AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves
Nov 1 2012 // American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings. Questions about the sustainability of those profits, and uncertainty...
Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards
Oct 24 2012 // In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of...
AIG to Pay $11M Multi-State Settlement Over Life Policies
Oct 22 2012 // Insurer American International Group Inc. has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies on Monday. AIG is the latest insurer to settle state...
AIG Settles, Will Pay California Life Beneficiaries $25-$30M
Oct 22 2012 // AIG Insurance Co. will pay an estimated $25 to $30 million owed to California beneficiaries of life insurance policies, and an $11 million settlement payment. California Controller John Chiang began auditing AIG’s...
AIG Unveils New ‘Refreshed’ Logo
Oct 22 2012 // American International Group revealed earlier this month what the company described as “a refreshed AIG logo,” featuring a modernized design and new color palate. The updated logo will begin appearing widely in...
AIG to Sponsor New Zealand Rugby
Oct 12 2012 // American International Group Inc. (AIG) and the New Zealand Rugby Union (NZRU) have agreed to a a five-and-a-half year agreement for AIG to sponsor six NZRU rugby teams: the All Blacks, Maori All Blacks, All Blacks Sevens,...
AIG Unveils New ‘Refreshed’ Logo
Oct 2 2012 // American International Group today revealed what the company described as “a refreshed AIG logo,” featuring a modernized design and new color palate.The new logo, at top, and the current logo, below. The...
AIG Targeted as Likely ‘Systemically Important’ Financial Firm
Oct 2 2012 // Insurance giant American International Group Inc. said that it has received a notice from the Financial Stability Oversight Council (FSOC) that it is under consideration as a “systemically important financial...
A Milestone for AIG
Sep 24 2012 // We have a news item in this Sept. 24 issue, on page 8, that marks a milestone for one of the most talked about U.S. corporations in recent times. For the first time since its $182 billion bailout by the U.S. Treasury...
Government No Longer Majority Owner of AIG
Sep 24 2012 // The U.S. government is no longer the majority owner of American International Group Inc. The bailed-out insurance company said on Sept. 14 that the Treasury Department had completed a planned sale of AIG stock, which...
U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%
Sep 10 2012 // The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its...
