Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions
Nov 1 2010 // A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the...
Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions
Nov 1 2010 // A New York judge held former American International Group Inc. CEO Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide...
Business Moves
Nov 1 2010 // Ironshore, Distinguished Programs Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the...
AIA Shares Surge 17% on Trading Debut in Hong Kong
Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...
AIG Announces Contingency Plan for CEO Benmosche
Oct 28 2010 // The board of bailed-out insurer American International Group on Wednesday said Chairman Steve Miller would become interim chief executive if CEO Bob Benmosche is sidelined by his cancer treatment. AIG said on Monday that...
Investors Wait to See If AIG CEO Benmosche Must Step Aside
Oct 27 2010 // American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge. AIG said Monday...
AIG CEO Benmosche Battling Cancer
Oct 26 2010 // American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and...
Analysts Watching How Insurers Handle Low Interest Rates, Pricing
Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...
Possible Successors to AIG’s Benmosche
Oct 26 2010 // Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy. AIG said Benmosche intends to work a full schedule during his...
Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions
Oct 25 2010 // A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the...
AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range
Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of the...
Sources Say Demand Hints AIA IPO Pricing Near Top End
Oct 21 2010 // American International Group Inc is expected to price its up to $20.5 billion AIA Group IPO near the top end of the indicative range, sources with direct knowledge of the matter told Reuters on Thursday. The IPO generated...
Ex-AIG Executive Indicted in New York Horse Farm Fraud
Oct 20 2010 // A former Deutsche Bank AG and American International Group Inc. managing director and her husband have been indicted for fraud for allegedly conspiring to illegally extract money from those companies to help run their...
People
Oct 18 2010 // Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join...
Kentucky Auditor Clears League Over Workers’ Comp
Oct 18 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn
Oct 14 2010 // The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s...
Fairholme Increases Stake in AIG to 26.6%
Oct 14 2010 // Fairholme Capital Management LLC increased its stake in American International Group Inc. to 26.6 percent, deepening the fund’s role in the insurer as it prepares to emerge from U.S. government support. Fairholme...
Kentucky Auditor Clears League Over Workers’ Compensation Purchase
Oct 7 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
AIA IPO Seeks up to $14.9 Bn
Oct 5 2010 // American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday. The Hong Kong-based company...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
