Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Launches Global Commercial Property Coverage for Mid-Market
Jun 18 2014 // The American International Group, Inc. (AIG) insurers have launched a new line of multinational commercial property products and services, including expanded coverage, loss prevention engineering, and risk management...
Ironshore Adds AIG’s Marino to Corporate Accounts Team
Jun 16 2014 // Kelly M. Marino has been named to the new position of vice president of corporate accounts at Ironshore Inc., where she will focus on the company’s relationships with Forbes Global 2000 companies. She will be...
XL Group Hires AIG’s Lyles for Global Professional Unit
Jun 15 2014 // XL Group has appointed Kelly Lyles to lead its global unit that sells professional liability insurance for directors and officers, financial institutions, architects, engineers and other businesses and service...
AIG Invests $1.5 Billion in Commercial Lending With Oak Hill
Jun 12 2014 // American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management to help start a lender serving medium-sized companies. AIG has...
Under New CEO Hancock, Smaller AIG Expected to Focus on Growth
Jun 11 2014 // American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout. Hancock, 55,...
P/C Chief Hancock to Succeed Benmosche as AIG CEO, President
Jun 10 2014 // American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective September 1. Hancock, who currently serves as executive vice president, AIG, and chief executive officer of...
AIG Appoints McNamee as UK Managing Director
Jun 6 2014 // AIG in Europe announced the appointment of Jacqueline McNamee as Managing Director, UK Zone, reporting to Anthony Baldwin, Managing Director and Head of Distribution, EMEA. She is replacing Nicolas Aubert, who has become...
MetLife Unwavering in Battle Over Systemic Risk Rules
Jun 3 2014 // Steven Kandarian got MetLife Inc. out of banking to escape Federal Reserve oversight. Now, the insurer is fighting again to avoid the central bank’s reach. Kandarian, MetLife’s chief executive officer, has...
Moving Jobs to Low Cost Cities Making AIG ‘Best’ in Efficiency: P/C CEO Hancock
May 29 2014 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the Philippines and Texas to reduce costs. “We’re talking several thousand...
Judge Rejects Ex-AIG CEO Greenberg’s Bid to Avoid Trial
May 28 2014 // A New York state judge has rejected a request by Maurice “Hank” Greenberg, the former American International Group Inc. chief executive officer, to dismiss a long-running civil lawsuit by the state’s...
New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe
May 21 2014 // New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a...
Bank of America Off Hook for Allegedly Hiding AIG Lawsuit: Court
May 19 2014 // A federal appeals court said Bank of America Corp. was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc., whose filing led to a 20-percent one-day plunge...
AIG Completes $7.6 Billion ILFC Sale to AerCap
May 15 2014 // AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and a windfall for seller American International Group Inc. ILFC, which...
AIG Could Gain Extra $2 Billion in Sale of Plane Leasing Unit
May 14 2014 // American International Group Inc. stands to get an extra $2 billion from the cash-and-stock sale of its plane-leasing unit after acquirer AerCap Holdings NV almost doubled in New York trading. AerCap has jumped since...
Ex-Executive’s Lawsuit Alleges AIG Defrauded U.S. in Bailout
May 14 2014 // American International Group Inc. defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, a former executive...
Hancock, Wintrob Top Candidates to Be Next AIG CEO: WSJ
May 13 2014 // American International Group Inc.’s search for its next chief executive has narrowed down to two internal candidates, the Wall Street Journal reported, citing people familiar with the matter. Peter Hancock and Jay...
AIG Fined for Violating Cuba Sanctions
May 8 2014 // American International Group Inc. sold coverage to clients with ties to Cuba, a nation sanctioned by the U.S., when the insurer was owned by American taxpayers after its 2008 bailout. The insurer agreed to a $279,038...
AIG Profit Falls 27% in Q1; Hurt by Catastrophes, Severe Losses
May 6 2014 // Global insurer American International Group Inc. (AIG) reported net income of $1.6 billion for the first quarter, a 27 percent drop compared to $2.2 billion for the first quarter of 2013. After-tax operating income was...
AIG, Prudential Financial on Federal Reserve’s List of 15 Firms for Extra Supervision
May 4 2014 // The Federal Reserve released a list of 15 firms that merit an extra layer of supervision because they pose heightened systemic risks, including JPMorgan Chase & Co. and Bank of America Corp. The tally published on the...
Town of Greenwich, Conn., Reaches $2.4M Storm Settlement With AIG
May 1 2014 // The town of Greenwich in Connecticut has reached a $2.4 million settlement with its insurance company to cover damage to municipal buildings and other property by Superstorm Sandy in October, 2012. The Greenwich Time...
