Maurice Greenberg News

Greenberg, New York AG Settle Long-Running Reinsurance Dispute

Ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that …

Insurance Society of Philadelphia to Honor Starr’s Greenberg with Leadership Award

The Insurance Society of Philadelphia (ISOP) announced that Maurice R. “Hank” Greenberg, chairman and CEO of C.V. Starr & Co. Inc., is the recipient of its 2016 Distinguished Leadership Award. The Distinguished Leadership Award recognizes an industry executive who “demonstrates …

AIG Ex-CEO Greenberg Agrees with Current CEO Hancock, Not Icahn

American International Group Inc. Chief Executive Officer Peter Hancock won short-term relief at the risk of longer-term challenges by striking an accord with activist investors who want to shrink the company, former CEO Maurice “Hank” Greenberg said. “By doing that, …

If AIG Is Selling, Greenberg Is Listening, Says Lawyer

Maurice “Hank” Greenberg, who spent four decades at American International Group Inc., would consider investing in the insurer he helped build into the world’s largest before the financial crisis, his lawyer David Boies said. “If they’re selling, I think Hank …

Greenberg Endorses Jeb Bush

Hank Greenberg, who built American International Group Inc. into the world’s largest insurer, said he’s putting his money behind Jeb Bush in the Republican party’s crowded nomination race. “Does he have the flair others are looking for? No, but that’s …

Geithner Rejects Greenberg Bid for Draft of Book on AIG Bailout

Former Treasury Secretary Timothy Geithner joined the Federal Reserve Bank of New York in declining to give drafts of a book he’s writing to Maurice “Hank” Greenberg for Greenberg’s lawsuit challenging the government’s bailout of American International Group Inc. Greenberg …

Greenberg’s C.V. Starr in Group Buying Tokyo Building for $1B

A group including former U.S. insurance magnate Maurice “Hank” Greenberg and an Abu Dhabi sovereign fund have agreed to buy a prominent Tokyo office building for $1 billion, the biggest property deal in Japan since February, people with direct knowledge …

Greenberg Seeks Dismissal of Spitzer Reinsurance Lawsuit

New York’s highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham transactions when he was head of insurance company American International Group Inc. New York Attorney General Eric Schneiderman dropped …

‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry

C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican Party candidates …