Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
People
May 2 2011 // Marsh & McLennan announced several changes to its senior management team, including the appointment of Daniel S. Glaser, 50, to the newly created position of group president and chief operating officer. Glaser had...
AIG Files Lawsuit Against Two Money Management Firms
Apr 28 2011 // American International Group sued two money management firms Thursday as the bailed-out insurer launched a fight to recoup billions of dollars it said it lost due to fraud. The insurer, 92 percent owned by the U.S....
People
Apr 18 2011 // American International Group Inc. (AIG) reorganized Chartis, its global property/casualty business, and named a new management team. Among the changes was a new CEO, Peter D. Hancock, currently AIG executive vice president...
Juhas Named to Head AIG Strategic Planning
Apr 13 2011 // Peter Juhas has been named head of Strategic Planning by American International Group Inc. (AIG). Juhas will be responsible for working with AIG’s businesses to capitalize on global growth opportunities and focus the...
AIG Urges Taiwan Unit Employees to Support Sale
Apr 12 2011 // American International Group Inc. has urged staff at Taiwan unit Nan Shan Life Insurance Co. Ltd to voice their support for its planned $2.16 billion sale, saying their silence has allowed “ill-intentioned...
Federal Reserve Plans 2 Auctions of AIG Mortgage Securities
Apr 11 2011 // The Federal Reserve Bank of New York is planning two auctions of risky mortgage-backed securities from its Maiden Lane II portfolio next week, the bank’s website indicated Friday. The sales would be the Fed’s...
U.S. Pay Czar Allows AIG Flexibility with Pay Packages at AIG
Apr 11 2011 // The U.S. pay czar will allow bailed-out firms American International Group, Ally Financial and General Motors to be flexible with their compensation packages for certain high-paid employees, according to letters released...
AIG CEO Benmosche Open to Staying at Helm Past 2012
Apr 5 2011 // Robert Benmosche, who has revived the fortunes of bailed-out insurer American International Group , said Tuesday he might consider staying at the helm past 2012 if his health permitted. “I will stay into 2012 and...
AIG Busy Investing Its Cash, May Bid on Bonds
Apr 5 2011 // Bailed-out insurer American International Group is working hard to invest cash it had set aside for a failed deal to buy assets from the Federal Reserve, Chief Executive Bob Benmosche said in an interview Tuesday. But AIG...
No Raise for AIG Chief Benmosche, Others at Bailed Out Firms
Apr 4 2011 // Compensation packages for the chief executives of bailed-out firms American International Group, Ally Financial and General Motors will not increase in 2011, the Treasury Department said late Friday. The Obama...
New Chartis CEO Hancock: Successor to Benmosche?
Apr 1 2011 // American International Group reorganized its biggest unit and charged derivatives veteran Peter Hancock with turning around the struggling property and casualty business. The move may be a sign that AIG CEO Robert...
Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
Federal Reserve Rejects AIG Offer for Mortgage Bonds
Mar 30 2011 // The Federal Reserve rejected a $15.7 billion bid from insurer American International Group for a pool of mortgage-backed securities Wednesday and said it will sell off the bonds over time instead. The news is a blow to...
Louisiana to Receive $6.1M from AIG Settlement
Mar 30 2011 // Louisiana has signed on to a multistate settlement over American International Group’s (AIG) admitted practice of under reporting workers’ compensation insurance premiums. Louisiana is slated to receive...
AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case
Mar 28 2011 // The judge overseeing New York’s lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a motion urging him to quit the case. Greenberg sought to have New York State...
AIG Expects ‘Minimal’ Effects from Japan Claims
Mar 24 2011 // American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire...
Insurers, Brokers Settle Spitzer-Era Bid-Rigging Case for $37 Million
Mar 23 2011 // Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging are scheduled to be in court today outlining a proposed settlement that will cost them about...
Oregon AIG Settlement
Mar 21 2011 // Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group over misreporting of workers’ compensation insurance premiums. A two-year examination of AIG and its...
Ex-AIG CEO Greenberg: Judge in New York AG Case Biased
Mar 21 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...
AIG Estimates $1 Billion in Q1 Catastrophe Losses, Most from Japan
Mar 20 2011 // American International Group Inc. said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan. AIG said its exposure would be...
