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 …
Billionaire investor Carl Icahn said he may seek to shake up leadership at American International Group Inc. after Chief Executive Officer Peter Hancock rebuffed his plan to split the insurer into three companies. Icahn will push for a measure that …
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 …
John Paulson, the billionaire whose proposal to split American International Group Inc. into three companies was rebuffed by Chief Executive Officer Peter Hancock, would also support an alternative plan for the insurer to sell units, according to people familiar with …
American International Group Inc. said it has amended its bylaws to allow some shareholders to nominate directors in the proxy statement for its annual meetings. Under the by-law amendments, a shareholder or group of up to 20 shareholders who own …
American International Group Inc. Chief Executive Officer Peter Hancock has a bit of ammo as he meets Thursday with activist shareholder Carl Icahn: The credit market has been on the insurer’s side. The cost to protect bondholders against an AIG …
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the value of some tax assets. The stock declined …
American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400 senior- level jobs. The net loss of …
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 …
