Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Pay Czar Approves Retention Pay Raise for AIG Executive
Dec 28 2009 // A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance giant’s majority owner — the U.S. government — because the executive has...
AIG Halts Efforts to Sell Chartis Shares to Focus on P/C Unit’s Growth
Dec 22 2009 // American International Group Inc. has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and casualty unit, a person familiar with the situation said...
Best Analyzes AIG; Affirms Most P/C, L&H Ratings; Outlook Negative
Dec 21 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of most P/C life/health insurance subsidiaries of American International Group, Inc., as well as the ICR of “bbb”...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Goldman Played Bigger Role in AIG Trades, WSJ Reports
Dec 14 2009 // Goldman Sachs Group Inc. played a bigger role in fueling the mortgage bets that crippled American Insurance Group Inc. than has been publicly disclosed, the Wall Street Journal reported Saturday. An analysis by the paper...
AIG Looking for New HR Chief to Handle Pay Challenges
Dec 7 2009 // American International Group Inc., the bailed out insurer beset by executive pay restrictions, has parted ways with its head of human resources, leaving open a key vacancy in the midst of fragile pay negotiations with...
AIG Solicits Offers for Aircraft Unit
Dec 7 2009 // AIG is soliciting bids for its International Lease Finance Corp. after a group led by the unit’s chief offered to buy a small portion of the aircraft lessor’s fleet, according to sources familiar with the...
AIG Hawaii Becomes Farmers Insurance
Dec 6 2009 // AIG Hawaii Insurance Co. Inc. is changing its name to Farmers Insurance Hawaii, Inc., heralding in a new chapter in the company’s nearly 55-year history, and reflecting its new ownership under national insurer...
One Insurer Bets on Political Campaigns While Another Drops Out
Dec 6 2009 // While one company has gotten out of the business of insuring political campaigns, another is throwing its hat in the ring. Markel Risk Solutions, based in Glen Allen, Va., is offering campaigns a multiline, admitted...
Declarations
Dec 6 2009 // Battling Ida “They were literally fighting each wave. They did that for days.'” —Ocean City, N.J. resident Bob Ashenbrenner, describing local officials’ efforts to reinforce breached dunes near his home...
Declarations
Dec 6 2009 // No Workers’ Comp for Illegals “We are going to provide a mechanism for those claims to be investigated and if the people turn out to be unauthorized there will be no coverage. We will try to wring costs out of...
Report Hits N.Y. Fed, Geithner on AIG Bailout Strategy
Dec 6 2009 // Officials handling the multi-billion dollar bailout of insurance giant America International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG’s business...
AIG Further Cuts Debt Owed U.S.; Readies Global Life Units for Sale
Dec 1 2009 // American International Group, Inc. (AIG) today said that it has closed two previously announced transactions with the Federal Reserve Bank of New York (FRBNY) that have reduced the debt AIG owes the FRBNY by $25 billion in...
Benmosche Agrees to Stay As AIG Board Approves His $7 Million Pay
Nov 25 2009 // American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche’s $7 million compensation, after it laid to...
One Insurer Bets on Political Campaigns While Another Drops Out
Nov 24 2009 // While one company has gotten out of the business of insuring political campaigns, another is throwing its hat in the ring. Markel Risk Solutions, based in Glen Allen, Virginia, is offering campaigns a multi-line, admitted...
AIG Hawaii Becomes Farmers Insurance
Nov 24 2009 // AIG Hawaii Insurance Company, Inc. has announced that it is changing its name to Farmers Insurance Hawaii, Inc. – heralding in a new chapter in the company’s nearly 55-year history – and reflecting its...
Did Government Overpay to Bail Out AIG?
Nov 18 2009 // Officials handling the multibillion dollar bailout of insurance giant America International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG’s business relationships,...
Benmosche Denies He Might Leave AIG; ‘Totally Committed’ Says CEO
Nov 12 2009 // American International Group Chief Executive Robert Benmosche said on Wednesday he remains “totally committed” to staying at the company, countering an earlier report that he was considering stepping down. In a...
CEO Benmosche Believes AIG Employees’ Compensation Too Low
Nov 11 2009 // American International Group Inc.’s tough talking chief executive has reportedly threatened to quit, but the giant insurer, which is showing signs of life after its brush with bankruptcy last year, could do fine...
Greenberg: Story Line Shifts to His Private Company, C.V. Starr
Nov 10 2009 // When Maurice “Hank” Greenberg has been in the news during the past five years, the story usually has been about American International Group (AIG), the company he built into an insurance conglomerate and headed...
