Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Sells Mexican Consumer Finance Operations
Jul 20 2009 // American International Group, Inc. announced that it has closed the sale of its consumer finance operations in Mexico, consisting of AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to...
Source Says Prudential in Talks with AIG to Buy Japanese Life Units
Jul 16 2009 // American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday. The talks for AIG Edison Life Insurance Co and AIG Star...
AIG Speeds Up Life Insurance Unit IPO
Jul 15 2009 // American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Co. (ALICO) as an independent entity and seek an initial public offering and public listing in New York,...
AIG to Pay More Executive Bonuses
Jul 10 2009 // American International Group is preparing to pay next week millions of dollars more in bonuses to dozens of corporate executives, a source familiar with the development said. AIG has been talking with Washington’s...
S&P Lowers AIG’s Personal Lines Subs, 21st Century Ratings
Jul 9 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the personal lines operating insurance units of 21st Century Insurance Group and American International...
Billions At Stake Over Trust in Trial of AIG v. Ex-CEO Greenberg
Jul 7 2009 // Maurice “Hank” Greenberg, former chief executive of American International Group Inc., fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a...
Jury Rules for Ex-CEO Greenberg Over AIG in Starr Case
Jul 7 2009 // A company run by former AIG CEO Maurice “Hank” Greenberg did not plunder billions from a retirement fund, a jury ruled, dashing the bailed-out insurer’s chances of collecting $4.3 billion in...
AIG Finalizes Sale of U.S. Personal Auto Insurance Units to Farmers
Jul 1 2009 // American International Group, Inc. (AIG) has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group, Inc. (FGI), a subsidiary...
AIG Elects New Directors; Few Air Grievances at Annual Meeting
Jul 1 2009 // American International Group Inc. got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer’s $180 billion taxpayer bailout. The meeting...
AIG Shareholders Vote on New Directors Today
Jun 30 2009 // American International Group Inc., the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board Tuesday when a new slate of directors stands for election at its annual meeting. The nominees...
AIG: ‘Excellent’ Chance It Will Repay Government; New CEO Likely Soon
Jun 30 2009 // American International Group Inc., the insurer rescued by $180 billion of federal bailouts, on Tuesday expressed optimism it will be able to repay government loans as it tries to rebound from punishing losses tied to...
AIG Lobbied Congress to Ease Accounting Rules, FASB Chief Says
Jun 29 2009 // The top U.S. accounting rulemaker denounced the “politicization” of accounting standards on Friday, three months after he was pressured by Congress to make changes that would help banks’...
AIG to Sell 2 Manhattan Buildings for $150 Million
Jun 25 2009 // American International Group Inc. agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said. The two buildings, which are located at 70...
AIG in Deals to Reduce Debt to Public, Position 2 Life Units for Public Offerings
Jun 25 2009 // American International Group, Inc. (AIG) said it has penned an agreement with the Federal Reserve Bank of New York (FRBNY) that will reduce the debt AIG owes the FRBNY by $25 billion and position two of the company’s...
AIU Holdings Names Schimek Global CFO; Vows No Breakup of P/C Group
Jun 24 2009 // AIU Holdings, the property/casualty division of insurer AIG and one of the world’s largest commercial insurers, has tapped Robert Schimek to be its first global chief financial officer, a role that includes preparing...
States Seek to Join Federal Probe Into AIG Bonuses, Alleged ‘Half Truths’
Jun 22 2009 // U.S. states probing employee bonuses paid by American International Group Inc. using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case...
AIG vs. Greenberg Trial: AIG Never Involved in Management of Starr
Jun 22 2009 // Former American International Group Inc. chief Maurice “Hank” Greenberg told a federal jury on Friday that his former company at no time played a role in the management of Starr International, a private company...
AIG’s Taiwan Life Insurer Drawing Interest From J.C. Flowers, Fubon
Jun 19 2009 // Several U.S. private equity firms and Taiwanese financial groups are showing early interest in the sale of AIG’s Taiwan life insurance unit, banking sources said on Friday, in a deal the seller hopes could raise...
AIG vs. Greenberg Trial: Worries About Privately-Funded Pension Plan
Jun 19 2009 // International Group Inc. had questioned for years a retirement bonus plan for top managers because it was funded by a private company at no cost to AIG and that may have violated good governance standards, AIG’s...
AIG Picks Deutsche Bank, Morgan Stanley for Joint AIA IPO Role
Jun 18 2009 // Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as its joint global coordinators for a more than $4 billion IPO of its Asian life insurance unit, sources said on...
