Moving Jobs to Low Cost Cities Making AIG ‘Best’ in Efficiency: P/C CEO Hancock May 29, 2014 By Zachary Tracer American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the...
AIG Completes $7.6 Billion ILFC Sale to AerCap May 15, 2014 By Julie Johnsson and Zachary Tracer AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and...
AIG Could Gain Extra $2 Billion in Sale of Plane Leasing Unit May 14, 2014 By Zachary Tracer and Julie Johnsson American International Group Inc. stands to get an extra $2 billion from the cash-and-stock sale of its plane-leasing unit after...
AIG Fined for Violating Cuba Sanctions May 8, 2014 By Zachary Tracer American International Group Inc. sold coverage to clients with ties to Cuba, a nation sanctioned by the U.S., when the...
Hartford to Sell Japan Operation to Orix in $895 Million Deal April 28, 2014 By Komaki Ito and Zachary Tracer Hartford Financial Services Group Inc. agreed to sell its Japanese operation to Orix Corp. as Chief Executive Officer Liam McGee...
Genworth Financial to Raise as Much as $700 Million in Australia Offer April 23, 2014 By Alexandria Baca and Zachary Tracer Genworth Financial Inc. plans to raise as much as $700 million by selling a minority stake in its Australian mortgage...
Hartford CEO McGee’s Pay Up 58% to $17.7 Million As Stock Surges April 11, 2014 By Zachary Tracer Liam McGee, the chief executive officer of Hartford Financial Services Group Inc., had his compensation increase 58 percent last year...
AIG Still Has Work To Do, Says Chairman Miller April 9, 2014 By Zachary Tracer American International Group Inc. must do more to win over Wall Street, even after rallying 51 percent in the past...
N.Y. Regulator Lawsky Sued by AIG Over Probe Into Unlicensed Insurance April 3, 2014 By Bob Van Voris and Zachary Tracer American International Group Inc. sued to block New York’s top financial regulator, Benjamin Lawsky, from fining it over marketing insurance...
N.Y. Regulators Say MetLife Fined $60M, to Cooperate in Probe of AIG March 31, 2014 By Zachary Tracer MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in...