Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG’s Japan Unit Gets Capital for Stock Price Fall
Oct 2 2008 // A Japanese insurer that is a unit of troubled American International Group Inc. has received 90.7 billion yen (US$872 million) in additional funds to bolster its financial strength, the company said Tuesday. Alico Japan...
N.Y. Insurance Chief Would Vet Greenberg Bid for AIG Units
Oct 1 2008 // New York Insurance Superintendent Eric Dinallo, charged with overseeing any sales of American International Group Inc.’s insurance units, said Wednesday he would consider bids from former AIG CEO Maurice...
Greenberg Seeks Chance to Bid on AIG Assets Put Up for Sale
Oct 1 2008 // Maurice Greenberg, former chief executive of American International Group, has asked the company’s current chief executive, Edward Liddy, for the chance to bid on AIG assets as the company seeks to repay an emergency...
Broker Uses AIG’s Problems to Create a ‘Super’ Product
Oct 1 2008 // “We hoped we were wrong,” said Peter Taffae, managing director of Executive Perils Inc., of the financial troubles that recently befell American International Group. In early June 2008, Taffae and several of...
Commissioners Warn AIG Policyholders To Be Cautious
Sep 30 2008 // California Insurance Commissioner Steve Poizner and Washington Commissioner Mike Kreidler reaffirmed that insurance companies owned by AIG continue to have the risk-based capital needed to operateand warned policyholders...
AIG Unit Says No Plan to Sell Kazakh Business
Sep 30 2008 // The Kazakh unit of AIG said on Tuesday it had no intention of selling its insurance business in the Central Asian state. On Monday, Kazakhstan’s No.1 insurer Eurasia said it had made a formal offer to buy the Kazakh...
AIG Agrees to Sell 50% Interest in London City Airport
Sep 30 2008 // Amercian International Group is selling its stake in a London airport. Global Infrastructure Partners (GIP) said it has entered into a definitive agreement to acquire AIG-Financial Products’ 50 percent interest in...
Texas Cautions Consumers on Replacement of AIG Policies
Sep 29 2008 // The Texas Department of Insurance (TDI) has issued a statement and answers to some frequently asked questions regarding AIG insurance companies in Texas. “AIG’s Texas insurance companies are currently...
New York Insurance Regulator to Oversee AIG Asset Sales
Sep 26 2008 // New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to help...
State Regulators Blast Federal Regulation Advocates Over AIG
Sep 26 2008 // State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal...
AIG Webcast: Investor Update, Oct. 3
Sep 25 2008 // American International Group Inc. (AIG) Chairman and CEO Edward M. Liddy will host a conference call for the investment community on Friday, Oct. 3, 2008 at 8:30 a.m. EDT to provide an update on AIG’s future...
New Hampshire Insurance Chief Works to Reassure AIG Customers
Sep 25 2008 // New Hampshire’s insurance commissioner is working to reassure residents who are insured by AIG, one of the firms being bailed out by the government. Roger Sevigny says AIG’s insurance companies are financially...
Mich. Agents: AIG Rescue, Insurance Regulation Still Best Left to States
Sep 24 2008 // The following commentary on the push for federal regulation as a result of AIG and other financial institutions’ troubles was written by Robert PIerce, CEO, Michigan Association of Insurance Agents. Over the last few...
Travelers, Chubb Stop AIG Surety Business: Marsh
Sep 24 2008 // Insurers Travelers Cos Inc and Chubb Corp will no longer issue surety bonds with American International Group Inc as a co-participant, according to insurance brokerage Marsh Inc. Surety contracts guarantee the performance...
PCI Tells U.S. Trade Commission China Insurance Link Important
Sep 24 2008 // In testimony before the U.S. International Trade Commission, the Property Casualty Insurers Association of America (PCI) stressed the “importance of the U.S.-China insurance trade relationship.” The PCI also...
Best to Hold Conference Today on Ike, AIG Rating, Other P/C Events
Sep 24 2008 // A.M. Best announced that a number of leaders of its insurance ratings team will address a variety of important property/casualty market issues in an online briefing set for today, Wednesday, September 24 at 9 a.m. Eastern...
Berkshire Hathaway’s Buffett Considering Purchase of AIG Assets
Sep 24 2008 // Billionaire investor Warren Buffett said Wednesday his Berkshire Hathaway Inc. insurance and investment company would consider buying some units from American International Group Inc., the insurer bailed out by the U.S....
New York Insurance Chief Urges Caution on AIG Policy Switching
Sep 23 2008 // AIG’s insurance companies are financially sound, with substantially more in assets than they need to pay all valid present and projected claims, New York Insurance Superintendent Eric Dinallo said. Dinallo also...
New York to Begin Regulating Part of Credit Default Swap Market
Sep 23 2008 // New York Governor David A. Paterson said that New York State will, beginning in January, regulate part of the credit default swap market which has to date been unregulated and has been a major contributor to the emerging...
FBI Probing Fannie, Freddie, Lehman, AIG for Potential Mortgage Fraud: CNN
Sep 23 2008 // The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and insurer American International Group Inc. and their senior executives for potential mortgage fraud, CNN reported on Tuesday. The FBI did...
