Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Activist Investor Icahn on High-Yield Bonds, AIG, Interest Rates
Nov 19 2015 // 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,...
If AIG Won’t Split, Then It Should Sell Pieces: Investor Paulson
Nov 18 2015 // 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...
AIG Eases Bylaws on Nominating Directors
Nov 17 2015 // 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...
Credit Markets Oppose Splitting Up AIG
Nov 6 2015 // 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...
AIG CEO to Employees: Expect Fewer Lifetime Jobs
Nov 5 2015 // American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can’t all count on lifetime employment with the...
AIG CEO Hancock Rejects Icahn’s Breakup Plan
Nov 4 2015 // 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...
AIG, South Carolina’s Clemson University to Develop Risk & Analytics Center
Nov 3 2015 // American International Group, Inc. has announced an initial $4 million investment with Clemson University to develop a risk engineering and analytics center and to establish the Robert Benmosche Endowed Professorship in...
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // 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...
Moody’s Says Splitting Up AIG Would Be Credit Negative
Nov 2 2015 // 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...
AIG Has Been Mulling Sale of Mortgage Insurance Unit: WSJ
Oct 30 2015 // 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...
Call for Splitting AIG a Challenge to CEO Hancock
Oct 29 2015 // 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...
Activist Paulson Joins Icahn’s Call to Break Up AIG
Oct 28 2015 // 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...
AIG Seeks $2 Billion in Case Against Life Settlements Firm
Oct 27 2015 // An American International Group Inc. unit told a U.S. judge on Monday that a Philadelphia-area firm should be forced to pay more than $2 billion for overcharging it for life insurance policies acquired from elderly...
Reinsurance Broker TigerRisk Hires Ex-AIG, Hanover Exec. Bensinger as Adviser
Oct 26 2015 // TigerRisk Partners has hired insurance-industry veteran Steven Bensinger, who oversaw American International Group Inc.’s finances during the early part of the global credit crisis, to advise clients. Bensinger,...
BHSI Adds New Leadership, Expands Executive, Professional Lines Offerings
Oct 21 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has added new leadership to its Executive & Professional Lines as part of the company’s expansion of its dedicated underwriting capabilities in the U.S. According to...
AIG Makes Leadership Changes at Commercial Insurance
Oct 16 2015 // American International Group (AIG) announced leadership appointments in its Commercial Insurance business, including a new chief underwriting officer and the newly-established roles of global head of Cyber, and presidents...
AIG to Sell Central American Operations to ASSA
Oct 16 2015 // ASSA Compañía Tenedora, S.A. and ASSA Compañía de Seguros (ASSA) will acquire 100 percent of American International Group’s Central American operations in El Salvador, Guatemala, Honduras and Panama in a share...
Aubert Appointed CEO of UK-based Willis Limited
Oct 12 2015 // Willis Group Holdings has appointed Nicolas Aubert as CEO of Willis Limited, the Willis Group’s principal UK regulated entity. The appointment, which has received regulatory approval from the Financial Conduct...
Too-Big-to-Fail Insurers Face 10% Hike to Capital Requirements: Int’l Regulators
Oct 5 2015 // Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators. The increase would be as high as...
