AIG Reports Q3 Net Loss of $4.1 Billion November 3, 2011 American International Group reported on Thursday a net loss of $4.1 billion and an after-tax operating loss of $3.0 billion...
GAO Report Raises Questions About New York Fed in 2008 AIG Bailout November 2, 2011 A new report from the U.S. Government Accounting Office chronicles the government’s handling of AIG bailout in 2008. In all,...
Treasury Receives $972M TARP Repayment from AIG November 2, 2011 The U.S. Treasury Department said it received an additional repayment of $972 million from American International Group (AIG). The payment...
Chartis Appoints Chief Underwriting Officer for Global Commercial Unit October 26, 2011 Chartis has appointed Tim Carter as chief underwriting officer for the company’s global commercial insurance unit. He will be responsible...
AIG Fraud Suit Against Bank of America Won’t Be Moved to State Court October 21, 2011 By Jonathan Stempel A federal judge rejected American International Group Inc.’s request to move its $10 billion mortgage fraud lawsuit against Bank of...
Ex-AIG Unit AIA Group’s Growth Jumps in Q3 as Insurance Demand Rises October 14, 2011 AIA Group Ltd, Asia’s No.3 insurer, said growth accelerated in the third quarter, with its value of new business rising...
U.S. to Reveal Criteria for Systemic Risk Insurers Today October 11, 2011 By Dave Clarke U.S. regulators Tuesday are set to give nervous insurance companies, mutual funds and other big players in financial markets a...
AIG’s $725M Settlement with Pension Funds Gains Preliminary Approval October 7, 2011 By Young Ha New York federal court gave a preliminary approval to American International Group’s $725 settlement deal with Ohio public pension funds....
Chartis to Trim Workforce October 5, 2011 By Young Ha American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent...
AIG Appoints Former IRS Attorney as Deputy Tax Director September 22, 2011 American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former...