For Greenbergs Post-AIG, Business Is $650M Family Affair March 22, 2016 By Lily Katz and Sonali Basak Long after leaving American International Group Inc., members of the Greenberg family are expanding financial ties through companies they now...
AIG Frees Up Capital with Reinsurance Pact with Swiss Re March 10, 2016 By Sonali Basak American International Group Inc., the insurer stung by losses on higher-than-expected claims costs, said Swiss Re AG has agreed to...
Hedge Funds Leery of Moves to Limit U.S. Reinsurance Tax Break March 3, 2016 By Katherine Chiglinsky and Sonali Basak Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to...
Third Point Re Reports 2015 Net Loss of $87.4M on Poor Investment Returns February 26, 2016 By Katherine Chiglinsky and Sonali Basak Third Point Reinsurance Ltd., which counts on Dan Loeb to oversee investments, swung to a profit in the fourth-quarter as...
Allianz Transfers $1.1B of Policy Obligations to Reinsurer Enstar, Limiting US Risks February 18, 2016 By Oliver Suess and Sonali Basak Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer...
Former Citigroup Head, Weill, Steps Down as Chairman of Hamilton Insurance February 17, 2016 By Sonali Basak Sanford “Sandy” Weill, the former head of Citigroup Inc., has stepped down as chairman of Hamilton Insurance Group, the Bermuda-based...
Should Google’s Parent Buy AIG? February 16, 2016 By Sonali Basak It’s an “audacious” idea, and Citigroup Inc. acknowledges as much. Google’s parent, Alphabet Inc., should buy American International Group Inc....
AIG Ex-CEO Greenberg Agrees with Current CEO Hancock, Not Icahn February 15, 2016 By Betty Liu and Sonali Basak American International Group Inc. Chief Executive Officer Peter Hancock won short-term relief at the risk of longer-term challenges by striking...
Activists Icahn, Paulson Land Seats on AIG Board; Now What? February 12, 2016 By Betty Liu, Katherine Chiglinsky and Sonali Basak John Paulson and Carl Icahn, who became billionaires by identifying mispriced securities and pushing for corporate shakeups, face a new...
AIG Scaling Back on Investments in Hedge Funds February 9, 2016 By Sonali Basak American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according...