Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
WikiLeaks Cables Show China Regulator Intervened as AIG Crumbled
Mar 11 2011 // U.S. officials believe China’s insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm’s collapse in 2008, according to unpublished diplomatic cables. The...
AIG Offers U.S. Government a $15.7 Billion Buyback
Mar 10 2011 // American International Group offered Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government took off the bailed-out insurer’s hands during the financial crisis. The announcement...
Oregon to Net $3.6 Million From AIG Settlement
Mar 10 2011 // Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group (AIG) over misreporting of workers’ compensation insurance premiums. A two-year examination of AIG and...
AIG Has Plan to Protect Tax Assets
Mar 10 2011 // Bailed-out insurer American International Group Inc. set up a plan to protect tens of billions of dollars in valuable tax assets by discouraging investors from taking large new positions in the company. As of year-end, AIG...
Ex-AIG CEO Greenberg: Judge in New York AG Case Biased
Mar 10 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 Repays $6.9 Billion More to Taxpayers
Mar 8 2011 // American International Group repaid another $6.9 billion of its bailout Tuesday, the U.S. Treasury said. With that payment, the Treasury said it has now recovered 70 percent of the $411 billion distributed under the...
AIG Names Farber Deputy CFO
Mar 8 2011 // Jeffrey M. Farber has been named senior vice president and deputy chief financial officer by American International Group Inc. (AIG). In this new position, Farber will provide global leadership and coordination for...
Chartis Reserve Charge a Setback in AIG’s Comeback
Mar 7 2011 // Robert Benmosche, chief executive of the bailed-out insurance company AIG, isn’t known to be shy. On a recent earnings conference call, a Goldman Sachs analyst baited him with a question: “If pre-crisis you...
Taiwan Regulator to Rule on AIG Taiwan Unit Sale By End of First Half
Mar 7 2011 // Taiwan’s financial regulator said it will make a decision on American International Group Inc’s sale of local unit Nan Shan Life Insurance Co in the first half of this year. The Financial Supervisory Commission...
AIG Names Farber as Deputy CFO
Mar 4 2011 // AIG has named Jeffrey M. Farber as senior vice president, deputy chief financial officer. Farber oversee AIG’s controllership and accounting policy functions, as well as the firms’ global tax department. Farber...
U.S. Treasury Expects $6.3 Billion from AIG’s MetLife Sale
Mar 3 2011 // American International Group Inc. sold $9.6 billion worth of MetLife Inc. shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds. AIG and the Treasury...
UPDATE – Treasury Expects $6.3 Billion from AIG’s Metlife Share Sale
Mar 3 2011 // American International Group sold $9.6 billion worth of MetLife Inc shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds. AIG and the Treasury said a...
AIG to Accelerate MetLife Sales, Government Repayment
Mar 2 2011 // Bailed-out insurer American International Group will sell off its stake in MetLife Inc. months earlier than expected, accelerating its repayment of the U.S. government and giving MetLife more control of what had been an...
S&P Lowers Chartis’ Ratings to ‘A’; Outlook Changed to Stable
Mar 1 2011 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on American International Group Inc.’s (AIG) Chartis operating subsidiaries to ‘A’ from...
Chartis 4Q Loss Tied to Reserve Strengthening
Feb 25 2011 // American International Group Inc. reported net income of $11.2 billion for the quarter ended Dec. 31, 2010, and $7.8 billion for the full year 2010. Included in the 2010 fourth quarter results is a previously announced...
Investors Watching How AIG’s Chartis, SunAmerica Perform
Feb 24 2011 // Bailed-out insurer American International Group Inc. could post another multibillion-dollar loss when it reports fourth-quarter results on Thursday, but the real question is how well its surviving life and property...
AIG Names Werner to Head Investor Relations
Feb 23 2011 // American International Group Inc. announced that Elizabeth Werner has been named vice president and head of Investor Relations. She reports to Brian T. Schreiber, executive vice president, Treasury and Capital...
AIG Taiwan Unit Sale Faces Union Hurdles
Feb 18 2011 // Bailed-out insurer AIG is facing fresh hurdles in its second attempt to sell its Nan Shan unit in Taiwan, with an unhappy union weighing in against the $2.16 billion deal. The agreement to sell the unit, Taiwan’s...
Best Comments on Ratings of Chartis U.S. Insurance Group
Feb 11 2011 // Best Comments on Ratings of Chartis U.S. Insurance Group A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based...
S&P Sees No Rating Change for AIG from $4.1 Billion Charge
Feb 11 2011 // Standard & Poor’s Ratings Services announced that its ratings on American International Group Inc. (A-/Negative/A-2) and AIG’s insurance subsidiaries “are not affected by the company’s...
