Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG to Take $4.1 Billion Q4 Charge for Reserves
Feb 9 2011 // Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers’...
Who Will Invest to Boost AIG’s Return to Public Markets?
Feb 7 2011 // As bailed-out insurer American International Group prepares to return to the public markets, some say it needs a sign from an eminent authority that it is a company with solid operations and a stock worth an investment of...
AIG Completes Sale of Japanese Life Insurance Companies to Prudential
Feb 1 2011 // American International Group, Inc. (AIG) reported it has closed the sale of its Japan-based life insurance subsidiaries, AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Co., to Prudential Financial Inc. for...
Report Adds Details on AIG Payments to Goldman
Jan 27 2011 // Insurer American International Group Inc. paid Goldman Sachs Group Inc. $2.9 billion for the investment bank’s own account, a report said Thursday, adding new fuel to old accusations that AIG’s rescue was a...
What the Financial Crisis Commission Concluded About AIG’s Failure
Jan 27 2011 // The taxpayer bailout of giant American International Group (AIG) became necessary largely because of AIG’s poor risk management of its financial products and because deregulation of over-the-counter derivatives,...
AIG’s Benmosche, Responding Well to Cancer Treatment, to Stay as CEO
Jan 24 2011 // American International Group Inc. (AIG) said that CEO Robert H. Benmosche’s prognosis for his cancer is such that he is expected to be able to remain in his position at AIG on his previously announced timetable,...
AIG Chooses Four Banks to Manage Share Sale
Jan 19 2011 // American International Group (AIG) chose Bank of America , Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co., to manage the sale of the government’s 92 percent stake in the insurer, a person...
Federal Judge in Michigan Nixes Religious Challenge to AIG Bailout
Jan 18 2011 // A federal judge in Michigan has dismissed a lawsuit challenging the bailout of American International Group on religious grounds. An Ypsilanti man claimed the United States should not have bailed out AIG because the...
AIG Recapitalization Deal Closes
Jan 17 2011 // The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing Friday about how soon that...
JPMorgan, Morgan Stanley Pitch for AIG Share Sale
Jan 13 2011 // Some of the United States’ top bankers descended on a law firm in midtown Manhattan Thursday to pitch for what could be one of the largest share sales in history — a secondary offering for bailed-out insurer...
AIG Agrees to $2.2 Billion Sale of Taiwan Life Unit
Jan 12 2011 // American International Group Inc. accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with...
AIG Recapitalization to Close Friday; Offering Expected in May
Jan 12 2011 // Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury’s stake in American International Group, three people familiar with the matter said Wednesday. The Treasury will...
Large AIG Share Sales on Track This Year: Source
Jan 11 2011 // American International Group Inc. shares are expected to settle back to a level in the mid-$40 range once the company’s recently approved warrants begin trading, a person familiar with the situation said Monday. But...
AIG Set to Announce Sale of Taiwan Life Unit
Jan 11 2011 // American International Group Inc. could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers. The reports could not...
Liberty Mutual Continues Fight with AIG As Other Insurers Settle
Jan 10 2011 // American International Group has negotiated a $450 million settlement with seven of its competitors in the protracted litigation over its questionable reporting of workers’ compensation premiums. But the long-running...
AIG Recapitalization Could Happen Next Week
Jan 7 2011 // The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a person familiar with the matter said Friday, as AIG shares touched fresh highs on news it was getting closer to...
Kansas to Receive $500K in AIG Workers’ Comp Settlement
Jan 6 2011 // A signed legal settlement with American International Group will net the State of Kansas general fund $500,000, according to Sandy Praeger, Commissioner of Insurance. “The AIG settlement for Kansas was part of a...
Former AIG Employee Sues Accounting Firm, Board Over Audits
Jan 5 2011 // A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against...
AIG Receives Alternative Proposal for Taiwan Unit
Jan 4 2011 // American International Group’s protracted sale of its Taiwan unit was further complicated Tuesday when a local company proposed buying a stake in the insurer, an offer that may please regulators but runs counter to...
Test Your 2010 Insurance News IQ: 25 Questions
Dec 31 2010 // Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by...
