Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Posts Q4 Profit; Commercial Combined Ratio at 107.7
Feb 14 2014 // Insurer American International Group on Thursday raised its dividend and announced more share buybacks as its fourth-quarter earnings beat expectations, swinging to a profit compared with a year-earlier loss. The company...
Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed
Feb 10 2014 // A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc. CEO Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the...
Court Denies AIG Ex-CEO Greenberg Bid to Remove Judge From New York AG Case
Feb 5 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., lost his bid to remove a judge from a lawsuit brought in 2005 by the New York state attorney general accusing him of...
Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed
Jan 29 2014 // A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing...
AIG’s Benmosche Receives Leadership Award in N.Y.
Jan 27 2014 // St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” award dinner on Jan. 15 before a crowd of more than 1,400 in New York City. AIG Property...
Regulators Reviewing Berkshire Hathaway for Systemic Risk
Jan 23 2014 // Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with...
AIG’s Benmosche Receives Leadership Award From St. John’s University in N.Y.
Jan 17 2014 // St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” awards dinner Wednesday before a crowd of more than 1,400 in New York City.(Left to right)...
Iglesias Succeeds Knight As President of Allied World North America
Jan 17 2014 // Allied World Assurance Company Holdings, AG has appointed Lou Iglesias as president for Allied World North America. Iglesias is currently president, U.S. Property & Casualty. He succeeds Gordon Knight who is retiring...
St. John’s Univ. to Honor AIG’s Benmosche as 2013 Insurance Leader of the Year
Jan 13 2014 // St. John’s University’s School of Risk Management (SRM) in New York will honor American International Group’s President and Chief Executive Officer Robert H. Benmosche as the “2013 Insurance Leader...
AIG Rebranding, Expanding Retirement Services As Others Retreat
Jan 13 2014 // American International Group Inc. plans to add 600 advisers and expand their offerings to boost sales as rivals retreat from some retirement products. The insurer will increase the number of career agents at its newly...
Ex-AIG Executives Greenberg, Smith Press Ethics Complaint Against New York Prosecutors
Dec 23 2013 // Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. The complaint at the...
AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion
Dec 16 2013 // American International Group Inc. agreed to sell the world’s second-largest aircraft lessor to AerCap Holdings NV for $5 billion after a group of Chinese bidders missed deadlines to purchase the business. AerCap will...
AIG in Talks to Sell Aircraft Leasing Unit ILFS to AerCap
Dec 13 2013 // Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports. Netherlands-based AerCap, the world’s largest independent aircraft lessor, may...
AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C.
Dec 11 2013 // North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte, N.C. With the new technology center, AIG plans to bring 230 new jobs to the...
Aspen US Insurance Appoints AIG’s Menelly As Marketing Director
Dec 3 2013 // Aspen US Insurance has named Douglas Menelly as senior vice president of marketing. He will report to Bob Rheel, executive vice president and U.S. head of property/casualty for Aspen Insurance. Menelly joins Aspen with 14...
AIG Using Science to Define ‘Broker Quality Index’
Nov 18 2013 // AIG’s CEO Bob BenmoscheProperty/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of...
People – Southeast
Nov 18 2013 // Florida Chief Financial Officer Jeff Atwater has named Steve Burgess as the state’s new insurance consumer advocate. Burgess previously served in that role from 2004 to 2007 and from 1990 to 1997. Most recently, he...
AIG Settles Dispute Over Real Estate Executive Pay for $274M
Nov 7 2013 // American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as a trial was due to...
AIG Using Science to Define ‘Broker Quality Index,’ Not Following Market: Benmosche
Nov 6 2013 // Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of the carrier’s analytical...
Morgan Stanley Says AIG May Sue Over Mortgage Investments
Nov 5 2013 // Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis. AIG purchased $3.7...
