Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
U.S. Asks Court to Block Bernanke Testimony in Greenberg’s AIG Lawsuit
Aug 18 2013 // The U.S. Justice Department on Friday asked an appeals court to reverse a judge’s ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group Inc.’s...
AIG Expands D&O Side A Capacity to $100 Million
Aug 16 2013 // American International Group, Inc. (AIG) is has increased its global Side A directors and officers (D&O) liability insurance to $100 million. This new capacity from AIG can facilitate the resolution of severe and...
Zurich’s Hogan Rejoining AIG As CEO of Global Consumer Insurance
Aug 14 2013 // American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG in early October. Hogan...
AIG, Former Executives Sued by Nuveen Investment Funds, UCalif Regents
Aug 8 2013 // Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company committed securities fraud in the months leading up to the U.S. financial crisis in 2008. Also named as defendants in a...
New York City Prep School Sues AIG Insurers Over Denial of Abuse Coverage
Aug 7 2013 // New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and indemnify the school for damages stemming from sex-abuse claims by former students against...
Commentary: Does FSOC Understand the Business of Insurance?
Aug 5 2013 // The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that “material financial distress at AIG could pose a threat to U.S....
AIG to Move Headquarters to Nearby Water Street in Lower Manhattan, NYC
Aug 2 2013 // American International Group Inc., the insurer that reinstated a dividend yesterday, will move its headquarters to a building it owns at 175 Water St. in Manhattan as the lease expires at a property on Maiden...
AIG Reports 17% Increase in Profit; Issues First Dividend Since 2008
Aug 2 2013 // American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by...
Insurers, Customers Were Kept Safe from 2008 Financial Crisis: GAO Report
Jul 30 2013 // At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry’s own practices and the policies of state and federal...
AIG to Close Down Savings Bank Unit Due to Dodd-Frank Limits
Jul 30 2013 // American International Group Inc. will return funds to customers of its banking unit and shut their accounts as the Dodd-Frank Act places limits on insurers with deposit-taking units. AIG Federal Savings Bank “will...
Judge Says Bernanke Should Testify in Greenberg’s Suit Against Bailout
Jul 29 2013 // A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice “Hank” Greenberg, against the United States...
Here Comes Berkshire Hathaway
Jul 22 2013 // Interview with BHSI’s Peter Eastwood on Building a New E&S Giant When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture’s professional liability division a few weeks...
People – East
Jul 22 2013 // Insurance broker Willis Group Holdings plc promoted Todd Jones to chief executive officer of Willis North America. He is based in Willis’ New York office. Jones succeeds Vic Krauze who joined Willis in 1997 and has...
G20 to Require Largest Insurers to Hold More Capital from 2019
Jul 19 2013 // The largest global insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial list of...
Greenberg Lawyers Say Bernanke Testimony Key to Suit Over AIG Bailout
Jul 17 2013 // U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice “Hank” Greenberg’s lawsuit over the bailout of American International Group Inc., Greenberg’s lawyers...
AIG Ex-Chief Greenberg Sues Spitzer for Defamation
Jul 14 2013 // Former American International Group Chief Executive Maurice “Hank” Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, according to the...
Top 10 U.S. Aircraft Insurers: SNL
Jul 11 2013 // American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG’s role is not surprising, given its presence in Asia and focus on the...
Dwane Named President, CEO of AIG’s Latin American P/C Business
Jul 11 2013 // American International Group has appointed Jim Dwane as the new president and CEO for its property/casualty business in Latin America and the Caribbean, effective immediately. He will be responsible for AIG’s...
AIG, GE Capital Accept Systemically Important Designations
Jul 10 2013 // American International Group Inc. and General Electric Co.’s finance unit were designated systemically important by U.S. regulators, a ruling the companies had already agreed to accept. The vote by the Financial...
Will Bernanke Testify in Greenberg’s Bailout Lawsuit?
Jul 10 2013 // U.S. Federal Reserve Chairman Ben Bernanke shouldn’t be compelled to testify in Maurice “Hank” Greenberg’s lawsuit over the government’s bailout of American International Group Inc., the...
