Who Will Invest to Boost AIG’s Return to Public Markets? February 7, 2011 By Ben Berkowitz and Clare Baldwin As bailed-out insurer American International Group prepares to return to the public markets, some say it needs a sign from...
AIG Completes Sale of Japanese Life Insurance Companies to Prudential February 1, 2011 American International Group, Inc. (AIG) reported it has closed the sale of its Japan-based life insurance subsidiaries, AIG Star Life...
Report Adds Details on AIG Payments to Goldman January 27, 2011 By Ben Berkowitz Insurer American International Group Inc. paid Goldman Sachs Group Inc. $2.9 billion for the investment bank’s own account, a report...
What the Financial Crisis Commission Concluded About AIG’s Failure January 27, 2011 The taxpayer bailout of giant American International Group (AIG) became necessary largely because of AIG’s poor risk management of its...
AIG’s Benmosche, Responding Well to Cancer Treatment, to Stay as CEO January 24, 2011 American International Group Inc. (AIG) said that CEO Robert H. Benmosche’s prognosis for his cancer is such that he is...
AIG Chooses Four Banks to Manage Share Sale January 19, 2011 American International Group (AIG) chose Bank of America , Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase &...
AIG Recapitalization Deal Closes January 17, 2011 By Ben Berkowitz The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake...
JPMorgan, Morgan Stanley Pitch for AIG Share Sale January 13, 2011 By Ben Berkowitz Some of the United States’ top bankers descended on a law firm in midtown Manhattan Thursday to pitch for what...
AIG Agrees to $2.2 Billion Sale of Taiwan Life Unit January 12, 2011 By Jonathan Standing American International Group Inc. accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group...
AIG Recapitalization to Close Friday; Offering Expected in May January 12, 2011 By Ben Berkowitz and Clare Baldwin Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury’s...