Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Ratings Roundup: AIG
May 30 2007 // Standard & Poor’s Ratings Services has assigned its “A+” junior subordinated debt rating to American International Group Inc.’s Series A-4 junior subordinated debentures due in 2077. “The...
Jury: Brightpoint Risk Manager Guilty in Insurance Scheme with AIG
May 29 2007 // A federal jury in a civil case concluded last Friday that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite reinsurance scheme to conceal millions of dollars in losses by...
Greenberg Growing C.V. Starr at Home and Abroad
May 29 2007 // Exclusive Video Interview Greenberg Interview, Take 4: Growing C.V. Starr Chairman Maurice “Hank” Greenberg is busy growing his current insurance organization, privately-held C.V. Starr & Co. and all of...
Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
The Courage to Compete
May 21 2007 // In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG...
R.I. looking to AIG settlement to ease deficit
May 21 2007 // Rhode Island’s estimated budget deficit could grow by almost $100 million because of a stalled settlement with an insurer accused of deceptive business practices, state officials warn. As part of a massive settlement...
Stalled AIG settlement could deepen R.I. deficit
May 21 2007 // Rhode Island’s estimated budget deficit could grow by almost $100 million because of a stalled settlement with an insurer accused of deceptive business practices, state officials warn. As part of a massive settlement...
Editor’s Note: Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
Editor’s Note: Risk target
May 21 2007 // If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than...
Big Dig insurer AIG to pay $58.5 million in workers’ comp excess profit
May 21 2007 // Massachusetts Attorney General Martha Coakley has reached a $58.5 million settlement with American International Group (AIG), the workers’ compensation carrier for the Central Artery Tunnel (CA/T) Project, known as...
Ratings Roundup: Zurich (US), National Indemnity, 21st Century
May 17 2007 // A.M. Best Co. has assigned a rating of “bbb” to the $1.5 billion subordinated trust preferred securities issued by Zurich Holding Company of America (ZHCA). The notes were issued through ZFS Finance (USA) Trust...
Merkel: P/C Lessons from Bermuda
May 17 2007 // Bermuda? Business only. Going to hit about a dozen companies in two days with one of my favorite P&C analysts, Harry Fong of Calyon. I hope there are a decent number of insurance only buy-side analysts along for the...
Merger: AIG Buying Remaining 21st Century Shares for $813 Million
May 16 2007 // American International Group, Inc. and 21st Century Insurance Group reported that AIG will acquire the 21st Century shares it does not currently own at a price of $22.00 per share in cash, for a total purchase price of...
AIG Introduces Service to Assist with Homeland Security Compliance
May 15 2007 // AIG Homeland Security Solutions, a specialty unit of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced Chemical Security Compliance Service, a new service available to AIG...
Stalled AIG Settlement Could Deepen R.I. Budget Deficit
May 11 2007 // Rhode Island’s estimated budget deficit could grow by almost $100 million because of a stalled settlement with an insurer accused of deceptive business practices, state officials warn. As part of a massive settlement...
AIG 1Q: Net Income Up 29%
May 11 2007 // American International Group, Inc. (AIG) reported that its net income for the first quarter of 2007 was $4.13 billion or $1.58 per diluted share, compared to $3.20 billion or $1.22 per diluted share in the first quarter of...
AIG’s Lexington Opens Bermuda Office
Apr 26 2007 // Lexington Insurance Company, a member company of American International Group, Inc. announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office...
AIG Offers UK Employers’ Liability Coverage for U.S. Companies
Apr 25 2007 // AIG WorldSource(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc. announced it is offering Accel Elite — employers’ liability coverage for U.S. companies...
News Currents
Apr 23 2007 // Texas AG, Allied World Assurance settle antitrust suit A settlement has been reached in an investigation that Texas Attorney General Greg Abbott says uncovered collusion between a Bermuda-based commercial casualty insurer...
People
Apr 23 2007 // The Property Casualty Insurers Association of America hired Benjamin J. McKay III as senior vice president of federal government relations in its Washington, D.C., office. Previously, McKay served as chief of staff for...
