Carl Icahn News

Analyst Sees AIG CEO Hancock Surviving Icahn Ouster Bid

Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter Hancock, Credit Suisse Group AG said. While Icahn may succeed in …

AIG Reported Considering Sale of Blocks of Business to Narrow Focus

American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is considering the sale of blocks of life policies, according to people familiar with the company’s planning. AIG is weighing the exit of some …

Fifth Largest AIG Shareholder, Icahn, May Propose New AIG Director

Activist investor Carl Icahn said he may propose adding a new director to American International Group’s board, since AIG Chief Executive Peter Hancock was unlikely to “sincerely consider” his suggestion to split the company into three. Icahn disclosed on Monday …

Activist Investor Icahn on High-Yield Bonds, AIG, Interest Rates

Billionaire activist investor Carl Icahn said he is betting against high-yield bonds, as he sees a bubble among companies that have overborrowed recently, and expects the dollar to keep rallying into next year. Icahn, speaking at the Reuters Global Investment …

Moody’s Says Splitting Up AIG Would Be Credit Negative

Moody’s Investor Service today said that a break-up of American International Group (AIG) and removal of its systemically important financial institution (SIFI) designation as called for by activist investors would have a negative effect on the insurer’s debt. Splitting the …

AIG Has Been Mulling Sale of Mortgage Insurance Unit: WSJ

American International Group Inc. directors have been discussing the sale of the company’s mortgage insurance business “for a while” but “no final decision has been made about the unit,” the Wall Street Journal is reporting, citing sources familiar with the …

Call for Splitting AIG a Challenge to CEO Hancock

Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett’s Berkshire Hathaway Inc.’s new commercial insurer raided AIG for talent. The integration of two …

Activist Paulson Joins Icahn’s Call to Break Up AIG

Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a systemically important financial institution. …

Investor Icahn to AIG: Break-Up P/C, Life, Mortgage Units Now