Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Greenberg Should Face Trial as ‘Deterrent,’ Says New York State
May 29 2013 // Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims against him, a lawyer for...
Greenberg Seeks Dismissal of Spitzer Reinsurance Lawsuit
May 28 2013 // New York’s highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham transactions when he was head of insurance company American International Group...
AIG Sues Ex-U.Va. Lax Player Over Insurance Claim
May 22 2013 // A former University of Virginia lacrosse player convicted of killing his ex-girlfriend is being sued by American International Group Inc. over his refusal to answer questions from insurance investigators. In a court filing...
People – East
May 20 2013 // American International Group (AIG) recently announced a number of senior appointments to replace four key commercial lines executives who bolted for Berkshire Hathaway’s insurance operations. Berkshire is reportedly...
People – South Central
May 20 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston. Johnson replaces David...
People – Southeast
May 20 2013 // American International Group Inc. (AIG) named Jeremy Johnson as president and chief executive officer of its excess and surplus lines unit, Lexington Insurance Co. in Boston. Johnson replaces David Bresnahan, who left with...
ProspX Names Former AIG Executive Gold as CEO
May 15 2013 // Austin, Texas-based ProspX Inc. named Steve Gold as president and chief executive officer, bringing to the company more than 27 years of executive management experience in commercial insurance. Co-founder and former...
Philip Named President, CEO of American International Co. Ltd. Bermuda
May 14 2013 // American International Group Inc. (AIG) has named Anthony Philip as president and CEO of American International Company Limited (AIG) in Bermuda. Philip, a native of Bermuda, will assume his new position effective...
AIG May Pursue Fraud Case vs. BofA over Countrywide
May 7 2013 // American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed...
Commercial Rates Up 5% in April; Berkshire Move Could Affect Market: MarketScout
May 7 2013 // Property, casualty and professional liability insurance rates were up five percent in April, according to MarketScout’s most recent composite index. That matches the increase for March. Commercial property and...
States Drop Challenge to $8.5B Bank of America Deal; AIG Still Opposes
May 6 2013 // The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of America Corp.’s proposed $8.5 billion settlement with investors in Countrywide mortgage-backed...
Buffett Says Berkshire to Be ‘Significant Factor’ in Commercial Insurance
May 6 2013 // Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four executives from American International Group (AIG). “I think you will see us...
New York Drop of Damages Claim Against Greenberg Avoids Test of AG’s Power
May 3 2013 // When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office’s power. New York’s...
AIG Reports P/C Underwriting Gain for Q1
May 2 2013 // American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and...
SNL: E&S Premiums Up in 2012; Top 30 Carriers Ranked
May 2 2013 // Excess and surplus lines premiums in the U.S. were up for a second consecutive year in 2012, rising 10.8 percent to $25.44 billion, and grew at a faster rate than in 2011, according to SNL Financial. Not too long ago —...
AIG Names Johnson to Succeed Bresnahan as Lexington Insurance President
Apr 29 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston. Johnson replaces David Bresnahan,...
‘Business As Usual’ Following Departures of AIG Execs
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s...
Concerns Over Patient Safety a Top Concern for Hospital Leaders, Risk Managers: Study
Apr 22 2013 // The lack of teamwork combined with a negative culture and poor communication in hospitals today presents a barrier when it comes to patient safety in the future, according to a new survey. The survey results revealed a...
AIG Wins Bid to Move $10B Bank of America Mortgage Lawsuit
Apr 19 2013 // A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer’s $10 billion lawsuit against Bank of America Corp over mortgage losses belongs in state court, not federal...
Judge Approves $115 Million AIG Shareholder Settlement
Apr 10 2013 // A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO Maurice “Hank” Greenberg and other defendants over alleged improper...
