Update: AIG Weighs IPO or 19.9% Stake Sale of Life and Retirement Unit November 6, 2020 Insurer American International Group Inc said on Friday it is considering an initial public offering or a private sale of...
AIG’s Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades November 2, 2020 By Mark Hollmer American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions...
AIG Names Zaffino to Succeed Duperreault as CEO; Will Spin Off Life Insurance Business October 26, 2020 By Mark Hollmer American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into...
Icahn Activism Not AIG’s First Test Under Pressure January 21, 2016 By Sonali Basak American International Group Inc. knows what it’s like to be circled by hawks. American International Group Inc. knows what it’s...
Icahn Renews Attack on AIG CEO Hancock; Insists ‘Drastic Shift’ Needed January 19, 2016 By Andrew G. Simpson Activist investor Carl Icahn has again called for American International Group (AIG) to be divided into three separate companies and...
Analyst Sees AIG CEO Hancock Surviving Icahn Ouster Bid December 2, 2015 By Sonali Basak Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably...
Credit Markets Oppose Splitting Up AIG November 6, 2015 By Sonali Basak American International Group Inc. Chief Executive Officer Peter Hancock has a bit of ammo as he meets Thursday with activist...
AIG CEO Hancock Rejects Icahn’s Breakup Plan November 4, 2015 By Beth Jinks and Sonali Basak American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into...
Call for Splitting AIG a Challenge to CEO Hancock October 29, 2015 By Beth Jinks and Sonali Basak Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International...
Activist Paulson Joins Icahn’s Call to Break Up AIG October 28, 2015 By Michael Flaherty and Richa Naidu Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to...