Latest Starr Companies Headlines
All the headlines from our Starr Companies Topic Page, ordered by recency.
Greenberg May Have Advantage with Judge Deciding AIG Bailout Challenge
Apr 22 2015 // Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion. On Wednesday, the judge presiding over his...
Aspen Insurance, Starr Companies to Form Joint Europe Property Venture
Apr 17 2015 // Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, and Starr Companies announced that they have “signed a memorandum of understanding under which both parties will enter into a...
Closing Arguments in Greenberg’s Suit Against Bailout Set for April 22
Mar 24 2015 // Maurice “Hank” Greenberg’s Starr International Co. and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the government’s bailout of American International Group Inc.,...
Starr Eyes Cuba Travel Insurance Market For Growth
Feb 26 2015 // Maurice “Hank” Greenberg’s Starr International Co. is pursuing growth in Cuba as the U.S. eases decades-old restrictions on visiting the country. Starr’s travel assistance unit could provide...
Starr Cos. Add Umbrella Product to Small Business Policies
Jan 26 2015 // Starr Cos. has launched a new commercial insurance umbrella liability policy, designed specifically for small-sized businesses. This product marks the next phase in Starr’s growing suite of insurance options for...
AIG Bailout Judge Not Intimidated by Government, Wall Street Names
Dec 1 2014 // Hank Greenberg’s legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington courthouse,...
Documents At End of AIG Bailout Testimony Could Aid Greenberg
Nov 24 2014 // The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group Inc., according to evidence introduced at the...
AIG, Not Taxpayers, Could Pay If Greenberg Wins $25 Billion Bailout Suit
Nov 14 2014 // The U.S. government has grounds to demand that American International Group Inc. pay any significant damages should Maurice “Hank” Greenberg win his $25 billion claim that federal officials shortchanged...
U.S. Didn’t Reveal Potential Chinese AIG Rescue, Ex-CEO Testifies
Nov 6 2014 // American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer. Robert...
Ex-CEO Willumstad: AIG Bailout Was Only Rescue Option
Nov 6 2014 // American International Group Inc.’s bailout by the U.S. in 2008 was seen by the company’s board as its only rescue option at the time, former Chief Executive Officer Robert Willumstad testified. Robert...
Greenberg Upset Win in AIG $25 Billion Bailout Trial Possible
Nov 3 2014 // Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month...
Government Prepares Defense in AIG Bailout Trial
Oct 27 2014 // David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that the U.S. cheated American International Group Inc. shareholders of at least $25 billion partly for...
Starr Launches Cyber Security & Privacy Risk Response on a Primary Basis
Oct 22 2014 // Starr Companies has launched Security & Privacy Risk Response, a cyber insurance offering that contains coverage for both first- and third-party costs. It is available on a primary basis and supplements Starr’s...
AIG Ex-CEO Liddy Defends Closeness with Government During Bailout
Oct 19 2014 // Former American International Group Inc. Chief Executive Officer Edward Liddy defended his decision to work closely with the government at the time of the company’s 2008 bailout, saying he hoped to win concessions on...
AIG Ex-CEO Liddy Testifies on Role in Bailout
Oct 17 2014 // Former American International Group Inc. Chief Executive Officer Edward Liddy testified he chose not to buck government overseers who selected him to run the bailed- out insurer. Developing trust with regulators was for...
AIG Bailout Trial Probes Role of Ex-CEO Liddy
Oct 16 2014 // Former American International Group Inc. Chief Executive Officer Edward Liddy will face a key question on the witness stand in a trial over claims shareholders were cheated of at least $25 billion in the insurer’s...
AIG Bailout Trial Shifts to Former AIG Executives, Other Regulators
Oct 14 2014 // The trial over the American International Group Inc. bailout shifts this week from the architects of the 2008 rescue, who spent days testifying as to why they imposed the terms they did on the ailing insurer, to the...
Bernanke Denies Bailout Terms Were Meant to Punish AIG
Oct 12 2014 // Former Federal Reserve Chairman Ben Bernanke said he wasn’t looking to punish American International Group Inc. for mismanagement when the board of governors authorized an emergency loan to the distressed insurer at...
Bernanke Defends AIG Bailout Terms; Judge Opens Fed’s ‘Doomsday Book’
Oct 9 2014 // Former Federal Reserve Chairman Ben Bernanke defended the sterner treatment of American International Group Inc. in the 2008 bailout compared with how investment banks were handled, saying the rescue of the insurer had a...
Unfamiliar Fed Saw ‘Exceptional’ Risks in AIG Situation, Says Geithner
Oct 9 2014 // American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s...
