Veteran insurance executive Maurice “Hank” Greenberg bristles ever so slightly when asked about his upcoming 85th birthday. “There are two types of birthdays — chronological and biological. Doctors tell me biologically I am 25 years younger,” the former AIG chief …
Former AIG CEO Maurice “Hank” Greenberg said the rising tide of questions about the government’s 2008 rescue of the insurer could be the catalyst for a dramatic overhaul of the bailout. “I believe that for the first time there is …
American International Group Inc., the bailed out insurer beset by executive pay restrictions, has parted ways with its head of human resources, leaving open a key vacancy in the midst of fragile pay negotiations with Washington. AIG confirmed the departure …
American International Group and former chief executive Maurice “Hank” Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can use to write his memoir, as well as …
An American International Group Inc.’s board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche’s frustration with the U.S. government’s involvement in the insurer’s affairs, a source familiar with the matter said Thursday.But the board does …
Bailed out insurer American International Group Inc’s global property-casualty division, Chartis, has not seen an exodus of employees because of pay limits imposed by Washington, the unit’s chief financial officer said on Thursday. Robert Schimek praised AIG Chief Executive Robert …
AIG, the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light. In a regulatory filing, …
AIG Chief Executive Robert Benmosche has moved to assure employees that recently appointed U.S. pay czar Kenneth Feinberg will not attempt to claw back compensation. “It is important that all of you know that the Special Master’s jurisdiction is quite …
Verisk Analytics Inc., an insurance services firm that owns ISO and is partly owned by Warren Buffett’s Berkshire Hathaway, soared in its first day of trading Wednesday, and stirred hopes that the appetite for such offerings is warming. Shares of …
Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying investigations by the FBI and other …
