Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Q4 Profit Drops on Debt Repayments, Reserve Charges
Feb 13 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves. Net income fell to $655 million, or 46 cents a share...
Greenberg Calls New York Fraud Suit Waste of Time, Money
Jan 30 2015 // Ex-American International Group Inc. Chairman Maurice “Hank” Greenberg said New York’s pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial...
Berkshire’s Commercial Insurer Hires AIG, Chubb Execs to Enter Canada Market
Jan 28 2015 // Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance,...
Glatfelter Healthcare Practice Adds AIG as Carrier, Expands Program
Jan 20 2015 // Glatfelter Healthcare Practice (GHP), an insurance program serving senior living facilities, home health care and other private homecare agencies, has expanded its program coverage with a new carrier, AIG. The package...
AIG Bailout Judge Not Intimidated by Government, Wall Street Names
Dec 1 2014 // Hank Greenberg’s legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington courthouse,...
2 AIG Carriers File for Redomestication
Dec 1 2014 // Two subsidiaries of the American International Group – Granite State Insurance Co. and New Hampshire Insurance Co. — recently filed for approval a plan of redomestication that would change their state of domicile...
Documents At End of AIG Bailout Testimony Could Aid Greenberg
Nov 24 2014 // The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group Inc., according to evidence introduced at the...
2 AIG Subsidiaries File to Redomesticate From Pennsylvania to Illinois
Nov 24 2014 // Two subsidiaries of the American International Group — Granite State Insurance Company and New Hampshire Insurance Company — recently filed for approval a plan of redomestication that would change their state...
XL Names AIG’s Smith to Southeast Property Underwriting Post
Nov 20 2014 // To address the property insurance needs of industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North...
Aon Benfield Places UK’s ‘Smart Meter Drive’ Coverage with AIG
Nov 19 2014 // Aon Benfield announced that it has successfully completed an “insurance placement as part of a UK government energy initiative to install smart meter systems nationwide by 2020 with AIG. The placement was made on...
AIG Global Real Estate Seeks $450 Million in Sale of South Korean Hotel
Nov 19 2014 // AIG Global Real Estate, a unit of American International Group Inc., is seeking at least $450 million from the sale of a luxury hotel in the South Korean capital, people with knowledge of the matter said. AIG’s...
AIG Names Williams VP Communications, Public Affairs for EMEA
Nov 17 2014 // American International Group has appointed Rhodri Williams to the newly created role of Vice President for Communications and Public Affairs for Europe, Middle East, and Africa (EMEA) effective January 1, 2015. He will be...
AIG to Pay N.Y. $35M to Settle Licensing Allegations
Nov 17 2014 // Insurance company American International Group Inc. has agreed to pay New York state $35 million to settle claims that two former subsidiaries did business without licenses and misled regulators about their operations in...
AIG, Not Taxpayers, Could Pay If Greenberg Wins $25 Billion Bailout Suit
Nov 14 2014 // The U.S. government has grounds to demand that American International Group Inc. pay any significant damages should Maurice “Hank” Greenberg win his $25 billion claim that federal officials shortchanged...
Hypothetically, Here’s How to Respond to a Data Breach
Nov 13 2014 // How an organization responds within 72 hours of a data breach can be critical. Take the case of GlobalMart, a hypothetical Boston-based international company that has had a hypothetically horrendous 2014, ricocheting from...
Willis Appoints Aubert as CEO Designate for UK Insurance Business
Nov 13 2014 // Willis Group Holdings has appointed Nicolas Aubert as Chief Executive Officer Designate of Willis UK Insurance, which includes its combined UK retail and global specialty businesses. While initially serving as CEO...
CorPro, AIG Offer Management Liability Products for Small, Mid-Sized Firms
Nov 11 2014 // CorPro Underwriting Managers will now offer directors and officers, employment practices, fiduciary and crime insurance coverage to small and mid-sized enterprises through its partnership with subsidiaries of American...
Corporate Actions May Be Stupid But Not Criminal, Says AIG Chairman
Nov 11 2014 // American International Group Inc. Chairman Steve Miller said prosecutors must distinguish between management blunders and criminal actions when investigating corporate behavior. “A lot of executives did things that,...
AIG to Close Georgia Shared Service Center; Closure to Affect 420 Workers
Nov 7 2014 // American International Group Inc. said the company plans to close its Shared Service Center located in Alpharetta, Georgia next year. The move is expected to affect approximately 420 employees, AIG told Insurance...
U.S. Didn’t Reveal Potential Chinese AIG Rescue, Ex-CEO Testifies
Nov 6 2014 // American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer. Robert...
