Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
New CEO Says AIG to Repay U.S. Taxpayers, Boost Shareholder Value
Aug 20 2009 // Robert Benmosche, the newly appointed chief executive officer of American International Group Inc., says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders,...
New AIG CEO Decides to Keep, Not Sell, Investment Advisory Unit
Aug 19 2009 // Robert Benmosche, the newly appointed chief executive of AIG, has started to cut up the insurer’s restructuring plan, deciding it is better to hold on to an investment advisory unit that is part of the...
New AIG CEO Benmosche to Be Paid $7 Million
Aug 18 2009 // American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million. In a...
Insurance Journal Wins Business Publication Editorial Awards
Aug 17 2009 // Insurance Journal magazine has won gold and silver editorial awards from the American Society of Business Publication Editors’ western regional awards competition, recognizing the magazine for its editorial...
AIG’s Chartis Global Now Travel Guard; Rutledge Named CEO
Aug 14 2009 // Chartis Inc.said that all of its worldwide travel businesses will begin operating under the brand name Travel Guard, effective immediately. Additionally, Jeffrey C. Rutledge has been named chairman and chief executive...
Ohio Reaches $115M Settlement with AIG Ex-CEO Greenberg, Others
Aug 14 2009 // Ohio Attorney General Richard Cordray has announced an agreement in principle to settle claims against former American International Group (AIG) CEO Maurice R. “Hank” Greenberg and other AIG executives (Howard...
AIG to Sell Hong Kong Consumer Finance, India IT Units
Aug 12 2009 // American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units. China Construction Bank (CCB) Asia,...
AIG FP Completes Sale of Energy, Infrastructure Assets
Aug 12 2009 // AIG Financial Products Corp. (AIGFP), an AIG company (AIG), has completed the sale of its energy and infrastructure investment assets, realizing aggregate net proceeds in excess of $1.9 billion. This disposition effort,...
Gifford Named CEO of AIG Real Estate
Aug 10 2009 // American International Group has named Robert G. Gifford as president and chief executive officer of AIG Global Real Estate, the international real estate investment organization. Gifford’s experience includes 22...
AIG Posts First Profit Since 2007
Aug 7 2009 // American International Group, Inc. (AIG) reported its first quarterly profit since the third quarter of 2007, reflecting stabilization in some of its businesses and positive valuation changes. AIG, which received $180...
AIG Names Former Amex CEO Golub As Chairman
Aug 7 2009 // American International Group Inc., which today reported its first profit since 2007, has named former American Express Co. chief executive Harvey Golub as its non-executive chairman. Golub replaces Edward Liddy, who is...
Shares of AIG Soar
Aug 6 2009 // Shares of battered financial companies including insurer American International Group Inc. and lender CIT Group soared on Wednesday, as investors rushed to buy shares to cover short positions in the companies. AIG shares...
Insurance Journal Wins Business Publication Editorial Awards
Aug 6 2009 // Insurance Journal magazine has won gold and silver editorial awards from the American Society of Business Publication Editors’ western regional awards competition, recognizing the magazine for its editorial...
Ex-AIG CEO Greenberg Settles SEC Charges Over Accounting
Aug 6 2009 // American International Group’s former chief executive Hank Greenberg agreed to pay $15 million to settle government allegations that he had cooked the books to inflate the insurer’s earnings in the first half...
AIG Selects Former MetLife CEO Benmosche as New CEO After Liddy
Aug 3 2009 // Troubled insurer American International Group Inc. has chosen former MetLife chief Robert Benmosche as its new CEO, The Wall Street Journal reported, citing people familiar with the matter. The AIG board approved the...
States Dispute Article Questioning AIG Insurance Units’ Finances
Aug 3 2009 // State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into...
AIG Reported Close to Sale of Asset Management Unit
Aug 3 2009 // American International Group Inc. is close to selling its asset management business to a group that includes private equity firm Crestview Partners for $300 million to $400 million, a source familiar with the matter said...
AIG Confirms Benmosche as CEO; Restructuring Chief Reynolds to Depart
Aug 3 2009 // American International Group, Inc. (AIG) confirmed that its board of directors has elected Robert H. Benmosche as president and chief executive officer as previously reported.. Benmosche was also elected a member of the...
Business Moves
Aug 3 2009 // SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team...
AIG to Combine Consumer Finance Operations in Poland
Jul 31 2009 // American International Group, Inc. (AIG) has entered into an agreement under which it will combine its consumer finance business in Poland, conducted through AIG Bank Polska S.A., into the Polish consumer finance business...
