Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Launches New Distribution Channel for Space-Related Risks
Apr 9 2013 // American International Group, Inc. (AIG) has appointed Castor Aerospace LLC as its new program administrator for space-related risks. This appointment provides a new distribution channel for satellite operators,...
AIG Asks Court to Dismiss Part of Greenberg Suit over Bailout
Apr 8 2013 // Insurer American International Group Inc. has asked a court to block Maurice “Hank” Greenberg’s efforts to sue the U.S. government on AIG’s behalf, saying its former CEO has not proven he should...
The Greenberg Interview: Spitzer, AIG, Bailout and More
Apr 8 2013 // The near-collapse of American International Group (AIG) in 2008 came about because of the scare tactics and political ambition of one man — then New York Attorney General Eliot Spitzer, according to Maurice...
AIG Adopts Clawback Policy, Employee Incentive Plans
Mar 28 2013 // American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in case of mistakes or...
AIG Introduces Risk Financing Option for U.S. Casualty Clients
Mar 25 2013 // American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing option for companies with large deductible casualty insurance programs in the U.S. CFO provides an alternative for...
Business Moves – Southeast
Mar 25 2013 // Bankers Insurance, AIX Group Florida ankers Insurance Group has reached an agreement with AIX Group to acquire its Florida policies as part of a strategy to increase Bankers’ presence in the state’s Latino...
2012 Insurance M&A Snapshot
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012. Major carrier transactions included Nationwide’s acquisition of Harleysville, The...
Top 10 Hot New Markets
Mar 25 2013 // Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Greenberg’s View
Mar 25 2013 // From 1967 until March 2005, Maurice “Hank” Greenberg, now chairman and CEO of Starr Cos., helped build American International Group (AIG) into the world’s largest insurer with a market value of $180...
AIG Names Cummings as Vice President, Controller
Mar 15 2013 // American International Group Inc. has named Don Cummings as vice president and controller. He will assume responsibilities for the global controller unit, reporting to Jeffrey Farber, AIG deputy chief financial officer....
Greenberg Doubles Claims in AIG Bailout Suit vs. U.S. to $55 Billion
Mar 12 2013 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, has more than doubled the size of his class action lawsuit against the United States over the insurer’s bailout to...
AIG Shareholders Gain Class Action Status in Greenberg’s Bailout Suit
Mar 12 2013 // Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged...
China PICC Group Sees Shanghai Listing in 2013 Second Half
Mar 11 2013 // Chinese state-owned People’s Insurance Company of China Group (PICC), one of the country’s largest insurers, could complete an A-share listing in Shanghai in the second half of this year, the firm’s...
AIG Ends U.S. Government Interest with Warrant Buyback
Mar 11 2013 // Insurer American International Group Inc. eliminated the U.S. government’s last financial interest in the company on March 1, buying back warrants from the U.S. Treasury for about $25 million. The government rescued...
AIG Ends U.S. Government Interest with Warrant Buyback
Mar 1 2013 // Insurer American International Group Inc. eliminated the U.S. government’s last financial interest in the company on Friday, buying back warrants from the U.S. Treasury for about $25 million. The government rescued...
AIG Expands NextGen Product to Transportation, Logistics Industry
Feb 28 2013 // The American International Group (AIG) insurers have expanded their NextGen Protection suite of products with the release of PLL Transportation and Logistics Protect. PLL Transportation and Logistics Protect is...
Yacht Fires Pose Challenge to Firefighters and Insurers
Feb 25 2013 // Difficult to access and usually within confined spaces, yacht fires can grow into big losses quickly, posing challenges to both firefighters and insurers. Severity, a concern for high-end watercraft insurers led to the...
AIG Q4 Operating Results Beat Expectations
Feb 21 2013 // Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this year because the...
AIG to Purchase Outstanding Interest in AIG Israel
Feb 18 2013 // American International Group announced that it has reached an agreement with Aurec Gold Investments Limited to acquire Aurec’s 49.99 percent interest in AIG Israel Insurance Company Ltd. AIG currently owns 50.01...
Illinois Market Conduct Exams Bring $10M in Fines
Feb 11 2013 // Illinois Department of Insurance (DOI) Director Andrew Boron has announced that more than $10.3 million in market conduct fines was collected from insurance companies by the department in calendar year 2012. This amount...
