Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG, Chartis Sign $4.3 Billion Credit Agreements
Dec 28 2010 // Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged. AIG’s shares closed...
Minnesota to Recieve More Than $2M in AIG Settlement
Dec 28 2010 // The Minnesota Department of Commerce said it stands to receive more than $2 million in its share of a $146 million settlement with American International Group over misreporting of workers’ compensation insurance...
WSJ Reports AIG Nearing Nan Shan Buyer
Dec 23 2010 // Bailed-out insurer American International Group Inc is close to picking a preferred bidder for Taiwanese life insurer Nan Shan, the Wall Street Journal reported Wednesday. But a person familiar with the situation, who...
AIG to Pay States $146 Million In Workers Compensation Settlement
Dec 23 2010 // American International Group Inc. (AIG) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators for alleged under-reporting of premiums to states more than a decade ago. The company...
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
U.S. Treasury Plans 2 Large AIG Stock Sales in 2011
Dec 21 2010 // The U.S. Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters. It would sell any remaining stock in...
Best Affirms AIG, Domestic P/C and Life Subsidiaries Ratings
Dec 21 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health subsidiaries of American International Group, Inc. as well as the ICR of...
U.S. Treasury’s AIG Fix-It Man Ready for Next Assignment
Dec 21 2010 // Jim Millstein is no stranger to troubled companies. With a long career as a bankruptcy lawyer and former head of Lazard Ltd’s restructuring practice, he’s done his share of turnarounds. But nothing prepared him...
AIG Logo Returns to ID Cards as Security Concerns Lessen
Dec 13 2010 // Bailed-out insurer American International Group Inc. took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company’s logo back on employee identification...
Treasury to Cut Government Stake in AIG in Big Stock Sale
Dec 9 2010 // The U.S. Treasury plans to sell about one-fifth of insurer AIG through a stock offering in the first half of 2011, an important test of the government’s ability to profitably exit one of its most controversial...
AIG Mulling Second Debt Offer
Dec 3 2010 // American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, Chairman Steve Miller said on Thursday. In an interview at The Deal’s Deal Economy...
AIG Debt Sale Shows Insurer Still Under Pressure
Dec 2 2010 // AIG may be getting healthier, but it hasn’t fully recovered. When AIG sold $2 billion of debt on Tuesday, it had to offer fat interest payments to investors. The extra yield it paid over Treasuries, a measure of how...
AIG Returns to Debt Markets to Raise Capital
Nov 30 2010 // Bailed-out insurer American International Group (AIG) returned to the debt market Tuesday after more than a two-year absence, part of its strategy to raise capital as it works on various deals to pay back the...
U.S. Treasury Hires Adviser to Sell Government’s Shares in AIG
Nov 24 2010 // The U.S. Treasury hired Greenhill & Co. to help it dispose of its investment in bailed-out insurer American International Group, which the Treasury will own 92.1 percent of from early next year. The 18-month contract...
AIA Group Loses 2nd Senior Executive in a Week
Nov 23 2010 // AIA Group Ltd, the recently spun off Asia life insurance arm of American International Group <AIG.N>, has lost another key executive with the resignation of its human resources head Margret Chiu, a spokeswoman told...
AIG Names Schreiber, Gender to Financial Positions
Nov 23 2010 // American International Group, Inc. (AIG) has named Brian T. Schreiber as executive vice president, Treasury and Capital Markets, and Robert Gender as senior vice president and treasurer. Schreiber is taking on a broad,...
Report AIG to Sell Asia Real Estate Business to Invesco
Nov 9 2010 // American International Group is expected to sell its Asian real estate business to Invesco Ltd later this month, a source said on Tuesday. The source said AIG’s gross property assets were currently worth around $5...
Sankaran Named Risk Chief at AIG
Nov 9 2010 // AIG has named Sid Sankaran as senior vice president, chief risk officer. He succeeds Robert Lewis, who last month announced that he would retire from AIG. Sankaran’s direct reports will include the Chief Risk...
AIG Reports Big Loss on Charges; Insurance Results Remain Stable
Nov 5 2010 // American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring...
Treasury Says Taxpayers to Profit from AIG Bailout
Nov 2 2010 // Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s...
