Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
After ‘Terrible’ Cancer Diagnosis, Benmosche Accelerated Exit from AIG
Aug 28 2014 // Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.’s chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70,...
U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout
Aug 27 2014 // A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the...
Freedom Industries’ Insurance Settlement Plan Favors Nonprofits
Aug 20 2014 // Freedom Industries Inc., whose leaking chemical tank made much of West Virginia’s water undrinkable early this year, filed a proposed Chapter 11 plan this week that offers nothing to people with claims for polluted...
AIG’s Mills Joins IFG in Atlanta As Managing Director
Aug 19 2014 // IFG Cos. has hired Steven M. Mills as managing director in its Submit unit. Mills will be based in IFG’s Atlanta office. In this capacity, Mills will be a member of the IFG’s Submit leadership team that...
Government Rescue Behind It, AIG Beefs Up Washington Lobbying Corps
Aug 17 2014 // Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis. Many large...
Berkshire Hathaway Hires Two Sr. Execs from AIG Asia – WSJ Report
Aug 14 2014 // Berkshire Hathaway has hired two senior executives from American International Group’s Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing people familiar with the...
AIG’s 13-Year Wait Gets Longer as Modi Rebuffed: Corporate India
Aug 14 2014 // American International Group Inc. has waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait is about to get longer. Opposition lawmakers, during the current session of...
AIG Reports 12.5% Rise in Profit in Benmosche’s Last Quarter As CEO
Aug 4 2014 // Insurer American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing...
AIG, GE Capital Systemic Risk Designations Renewed
Aug 1 2014 // The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. But the Financial Stability Oversight...
AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit
Jul 30 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot...
AIG Identified As Lead Insurer in Taiwan Plane Crash
Jul 24 2014 // American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong airport, according to Aon Plc, a broker that tracks the market for aviation...
MetLife Designation as Systemically Important Expected Soon
Jul 23 2014 // A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said. A decision...
AIG Chairman Miller Comments on Corporate Tax Rate, Succession and BofA Deal
Jul 21 2014 // American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations’ to halt firms from switching their legal address to cut obligations. The U.S....
AIG Settles for $650M from BofA in Mortgage Securities Fraud Case
Jul 16 2014 // Bank of America agreed to pay American International Group Inc. $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis. The deal, which the...
Hancock to Get $11.8 Million as Next AIG CEO
Jul 15 2014 // American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer. The short-term incentive will be $3.2 million of cash and...
People – East
Jul 7 2014 // American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective Sept. 1. Hancock, who currently serves as executive vice president, AIG, and chief executive officer of AIG...
How Insurers Would Wind Down If Needed to Avoid Future Bailout
Jul 3 2014 // American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis. AIG, the insurer that repaid a U.S. rescue in...
AIG Ex-CEO Greenberg Loses Supreme Court Appeal in Suit Against Bailout
Jun 30 2014 // The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, who accused the Federal Reserve Bank of New York of unlawfully bailing...
AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement
Jun 27 2014 // American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in...
Judge Allows Trial in Greenberg Defamation Claim Against Spitzer
Jun 26 2014 // A defamation lawsuit by former American International Group Inc. Chief Executive Officer Maurice Greenberg against Eliot Spitzer may move toward trial, a state judge ruled after throwing out many of the claims against the...
