Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial
May 9 2012 // A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect...
Stock Sale Lowers U.S. Stake in AIG to 61%
May 8 2012 // The U.S. Treasury on Monday said it is trimming its ownership stake in American International Group Inc. to 61 percent from 70 percent by selling more shares of the insurer’s common stock. The U.S. government said it...
U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO
May 8 2012 // U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. “When all the assistance is considered, the amount the federal government...
Treasury to Sell More AIG Shares for $5 Billion
May 7 2012 // The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc. to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2...
AIG Revises Up 2010-2011 Income by $5.1B
May 7 2012 // American International Group Inc. said last month it revised up net income from 2010 and 2011 by a combined $5.096 billion after adopting an updated industry accounting standard from the Financial Accounting Standards...
AIG Q1 Profit More Than Doubles to $3.21 Billion
May 4 2012 // American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year ago. The insurer’s profit...
AIG Alleges Ex-Air Lease CEO, Employees Stole Trade Secrets
Apr 25 2012 // American International Group Inc. has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files...
AIG Adopts FASB Accounting Update, Revises Up 2010-11 Income by $5.1B
Apr 20 2012 // American International Group Inc. said Thursday it revised up net income from 2010 and 2011 by a combined $5.096 billion after adopting an updated industry accounting standard from the Financial Accounting Standards...
Allied World U.S. Appoints P/C Division President in New York
Apr 18 2012 // Allied World Assurance Company Holdings AG said industry veteran Lou Iglesias joined Allied World U.S. as president of the property/casualty division. He will be based in New York City. His responsibility will include...
Fed Chairman Bernanke Defends AIG, Bear Stearns Bailouts
Apr 16 2012 // Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central...
Liberty Mutual ‘Disappointed’ at AIG Workers’ Comp Settlement
Apr 16 2012 // Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action...
Former Head of Oversight Panel Blasts AIG Tax Deal
Apr 16 2012 // Elizabeth Warren, the former chair of a congressional oversight panel and currently a U.S. Senate candidate from Massachusetts, is criticizing the government for granting American International Group billions of dollars...
Wells Fargo Upgrades AIG on Likely Exit from Government Bailout
Apr 10 2012 // American International Group Inc. will likely be independent from the U.S. government over the next year, Wells Fargo Securities said upgrading the shares of the bailed-out insurer to “outperform.” Since AIG...
Treasury Freezes Pay for CEOs at Bailed Out Firms AIG, Ally, GM
Apr 9 2012 // The chief executives of General Motors, AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the U.S. Treasury Department after they got “exceptional” bailout help...
AIG May Take Airplane Leasing Unit Public in Q2: CNBC
Apr 4 2012 // Bailed-out insurer AIG is considering launching the initial public offering of airplane leasing business International Lease Finance in the second quarter, CNBC reported on Wednesday, citing people familiar with the...
Mass. Senate Candidate Warren Continues to Condemn AIG’s Tax Break
Apr 2 2012 // U.S. Senate candidate Elizabeth Warren from Massachusetts continues to criticize the government for granting American International Group billions of dollars worth of tax breaks, calling it “a stealth...
How AIG Will – or Won’t – Generate a Bailout Profit for Taxpayers
Mar 27 2012 // CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group, the insurance company he runs. Of course, that depends on how one defines...
AIG CEO Benmosche Says Taxpayers Will Profit on Bailout
Mar 26 2012 // AIG expects American taxpayers to end up with a profit of $5 billion to $10 billion on the company’s 2008 rescue when all is said and done, the chief executive of the bailed-out insurer said on Monday. The U.S....
AIG Makes Final Payment for AIA Aurora Stake
Mar 23 2012 // American International Group Inc. has made a final $1.5 billion payment to the United States Treasury Department to retire the Treasury’s interest in AIA Aurora LLC (AIA SPV) – a special purpose vehicle created to...
U.S. Treasury Selling Off $6B in AIG Stock
Mar 19 2012 // The U.S. Treasury Department is selling $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an...
