Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb
Aug 4 2015 // American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily...
People – South Central
Aug 3 2015 // Craig Sparks, non-executive chairman of Union Standard, has been presented with the Raymond Mauk Leadership Award by the Insurance Council of Texas (ICT). Sparks is the 18th recipient of the award. The ICT presents the...
AIG Hires Dachille as Investment Officer; Buys His Firm
Jul 28 2015 // American International Group (AIG) has named a new investment officer and is buying the new executive’s firm. Douglas A. Dachille, chief executive officer of New York City-based First Principles Capital Management,...
India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz
Jul 23 2015 // As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group...
Boy Scouts Sue AIG Unit in Dallas Court Over Sex Abuse Settlements
Jul 22 2015 // A unit of American International Group Inc. was sued by the Boy Scouts of America over claims it refused to provide insurance coverage for settlements of child sex-abuse cases from 1975 to 1980. The scouting organization...
How AIG Is Using Cyber Intelligence to Protect Property from Cyber Attacks
Jul 22 2015 // A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had people across the country thinking one thing: cyber-attack. It wasn’t,...
AIG Launches Risk Management Service for Builders of Luxury Homes
Jul 16 2015 // AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its...
Risk Settlements Adds Schienvar as Managing Director in Dallas
Jul 14 2015 // Risk Settlements has added Steven Schienvar as a managing director in Dallas. Schienvar previously spent 13 years at AIG in various positions including president of AIG’s assumed reinsurance division (AIG Re), and...
Berkshire Hathaway Specialty Expands in Australia, New Zealand
Jun 30 2015 // Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia, and has appointed Tony Bainbridge, previously with American International Group (AIG), to lead the...
Greenberg Says Bailout Lawsuit About Government Overstepping Its Bounds
Jun 26 2015 // Maurice “Hank” Greenberg said that his partial victory in a lawsuit tied to American International Group Inc.’s bailout isn’t enough, and that he’s seeking financial damages to hold the...
AIG Names Bexiga Commercial Insurance IT Officer
Jun 22 2015 // American International Group Inc. announced that Annabelle Bexiga has been named business information officer (BIO) for Commercial Insurance. Effective in August 2015, Bexiga will report to Phil Fasano, chief information...
Reinsurance Suit Against Greenberg Sent to New York’s Top Court Again
Jun 19 2015 // A decade-old lawsuit in which New York accused former American International Group Inc. Chief Executive Maurice “Hank” Greenberg of accounting fraud will head to the state’s highest court for a second...
Greenberg Will Appeal AIG Bailout Case Win Over Lack of Damages
Jun 16 2015 // Maurice “Hank’ Greenberg, who yesterday won what most considered a long-shot case with a ruling that the U.S. government acted illegally towards American International Group Inc. shareholders in the terms it...
How Greenberg’s Lawyer, Boies, Won AIG Bailout Battle
Jun 16 2015 // During the trial, David Boies was his usual mildly rumpled and mostly unpretentious self, peering over his reading glasses, padding around in his hallmark black suede slipper-shoes and smiling his way to victory in a case...
AIG Avoids Damages with Ruling in Greenberg Bailout Lawsuit
Jun 16 2015 // American International Group Inc., which opted against joining Maurice “Hank” Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer...
Judge Rules for Greenberg in Suit Against AIG Bailout But Nixes Damages
Jun 15 2015 // Update: Greenberg Will Appeal AIG Bailout Case Win Over Lack of Damages The U.S. set illegal terms in demanding American International Group Inc. stock for an $85 billion bailout during the financial crisis, but that...
AIG Gains $3.7 Billion Cash in Sale of Aircraft Leasing Unit AerCap Stock
Jun 5 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG sold about 71.2 million...
AIG CEO Hancock Assesses Risk from Greenberg Bailout Lawsuit
Jun 3 2015 // American International Group Inc. Chief Executive Officer Peter Hancock said that it’s difficult to quantify the financial risk to the company from former CEO Maurice “Hank” Greenberg’s suit over...
People – East
Jun 1 2015 // Benjamin M. Lawsky announced his plan to leave the New York State Department of Financial Services (NYDFS) in late June after four years serving as the newly created agency’s first superintendent. Lawsky was...
Greenberg at 90: Still Fighting and Angry After All These Years
May 27 2015 // Maurice “Hank” Greenberg spent some of his 90th birthday party like he’s spent much of the past decade: angry. As he addressed his family at a lunch at a private estate this month, one of his sons made...
