Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Reported to Be Lead Insurer for Asiana Crash in San Francisco
Jul 9 2013 // International Group Inc. was the lead insurer providing coverage for the Asiana Airlines Inc. jet that crashed while landing in San Francisco last weekend, according to two people familiar with the matter. The coverage is...
Prudential Will Appeal SIFI Designation; AIG, GE Will Not
Jul 3 2013 // Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the label that brings additional...
Insurers, State Regulators Try to Block Bank-Like Rules by Federal Reserve
Jul 3 2013 // MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and watchdogs are pressuring the...
Greenberg’s $25B Suit Against Government Over AIG Bailout Can Proceed
Jun 27 2013 // Maurice “Hank” Greenberg can continue his $25 billion lawsuit against the U.S. over losses from the bailout of his former company, American International Group Inc., without making claims on behalf of the...
Ex-AIG CEO Greenberg Must Face N.Y. Suit, Appeals Court Says
Jun 25 2013 // Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg must face a fraud lawsuit brought by the New York attorney general, the state’s highest court ruled. The state can...
AIG Revives Plane Unit IPO After Continued Delay in China Sale
Jun 24 2013 // American International Group Inc. revived plans for an initial public offering of its plane- leasing unit after the insurer extended a deadline for a group of Chinese investors to buy the business. International Lease...
AIG UK Enhances Airside Liablity Offering
Jun 19 2013 // AIG’s Aerospace Unit in the UK has enhanced its airside premises and contractors liability protection with limits of indemnity and up to U.S. $50 million of war and terrorism cover included as...
AIG Open to New ILFC Offer or IPO as China Group Deadline Extended
Jun 17 2013 // American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the...
People – East
Jun 17 2013 // New Hampshire’s Executive Council has unanimously confirmed the reappointment of Roger Sevigny to another five-year term as the state’s insurance commissioner. New Hampshire Gov. Maggie Hassan nominated Sevigny...
Berkshire Hathaway’s Eastwood Hiring Specialty Team to Vie with Ex-Employer AIG
Jun 13 2013 // Peter Eastwood, who left American International Group Inc. with three other executives in April to start a new insurer at Warren Buffett’s Berkshire Hathaway Inc., said he’s finding it easy to attract...
AIG Names Doyle, Sankaran to Executive Group
Jun 11 2013 // American International Group Inc. added John Doyle and Sid Sankaran to the insurer’s executive group as Chief Executive Office Robert Benmosche narrows the company’s focus after repaying a U.S. bailout. Doyle...
AIG, General Motors to Be Added to S&P 100
Jun 5 2013 // S&P Dow Jones Indices says it will soon add two well-known U.S. companies to the S&P 100. Automaker General Motors Co. will replace H. J. Heinz Co. in the S&P 100 and 500 indices on Thursday. The ketchup...
AIG Receives Delayed Deposit on ILFC Sale
Jun 5 2013 // Insurer American International Group Inc. has received a delayed deposit payment from the Chinese consortium buying its ILFC airplane leasing business, AIG said in a regulatory filing on Wednesday. Last week AIG said it...
AIG CEO Comments on ILFC Sale, ‘Systemically Important’ Classification
Jun 5 2013 // American International Group Inc. Chief Executive Officer Robert Benmosche raised doubt about whether the company will complete a sale of its plane-leasing unit to a Chinese investor group by a deadline this...
Council Proposes AIG, Prudential, GE Capital as Systemically Important, Due Extra Scrutiny
Jun 4 2013 // U.S. regulators on Monday proposed designating American International Group Inc., Prudential Financial Inc. and GE Capital for heightened regulatory oversight, in a long-anticipated move aimed at cracking down on risks to...
AIG Sues Ex-U.Va. Lax Player Over Claim
Jun 3 2013 // A former University of Virginia lacrosse player convicted of killing his ex-girlfriend was sued by American International Group over his refusal to answer questions from insurance investigators. In a May 20 court filing,...
China Group Missing Deposit Date Could Ground AIG’s Plane-Lease Sale
May 31 2013 // A Chinese group’s purchase of ILFC, one of the world’s largest airplane leasing businesses, could collapse after insurer American International Group Inc. said on Friday it did not receive a scheduled deposit...
AIG Ends a Bailout-Related Lawsuit Against N.Y. Federal Reserve
May 30 2013 // American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer retained the right after its 2008 taxpayer-funded bailout to sue over losses on...
N.Y.-Based Navigators Management Taps AIG Exec as New Chief Claims Officer
May 30 2013 // Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Glen Bronstein as chief claims officer of Navigators Management Company, the Group’s principal U.S. underwriting agency subsidiary. Prior to...
AIG in Joint Deal to Sell Life Insurance in China
May 29 2013 // American International Group Inc. reached a deal with People’s Insurance Company Group of China Ltd. for a joint venture to sell life insurance in China. AIG will contribute 24.9 million yuan ($4.1 million) and...
