Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Starts Talks to End Government Ownership
Aug 6 2010 // American International Group Inc. reported better-than-expected quarterly results Friday and said it had started talks on disentangling itself from the U.S. government, sending its shares up 3.6 percent in premarket...
MetLife to Sell $3 Billion in Stock to Buy AIG Life Unit
Aug 2 2010 // MetLife Inc. said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally...
New York Reopens Probe of AIG’s Cassano
Jul 26 2010 // New York State Attorney General Andrew Cuomo reopened his investigation into former American International Group Inc. executive Joseph Cassano after U.S. authorities ended their own probes, Bloomberg reported, citing a...
S&P’s Ratings on AIG Unchanged by New Board Chairman
Jul 23 2010 // Standard & Poor’s Ratings Services said today that its ratings on American International Group (AIG; A-/Negative/A-1) and AIG’s insurance subsidiaries (most of which are rated A+/Negative/–) are not...
Chinatrust Still Interested in Pursuing AIG Taiwan Unit Talks
Jul 22 2010 // Chinatrust Financial Holding Co, Taiwan’s top credit card issuer, is happy to talk to American International Group Inc (AIG) about its Taiwan life insurance unit if the U.S. firm is unable to seal an existing deal to...
Deutsche Bank to Buy AIG’s Wall Street Building for $60 Million
Jul 20 2010 // Deutsche Bank is set to buy American International Group Inc.’s building at 72 Wall Street for about $60 million from a consortium including South Korea’s Kumho Investment Bank, a person with knowledge of the...
Ex-Prudential (UK) CEO Tucker Named to Head AIA before IPO
Jul 19 2010 // Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock...
AIG to Pay $725M to Settle Securities Fraud Lawsuit
Jul 19 2010 // American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history. AIG,...
AIG Names Miller Chairman, Following Golub’s Resignation
Jul 15 2010 // American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the...
AIG Board to Consider AIA’s Future; IPO Seen Most Likely Option
Jul 13 2010 // The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA,...
ACE Group Appoints Six New Global Client Executives
Jul 8 2010 // The ACE Group of insurance and reinsurance companies has announced the appointment of six additional global client executives in four countries: Jeff Carr and Shaun Edwards in London, Olivier Roussel in Paris, Wolfgang...
AIG CEO, Chairman At Odds Over Failed Sale of Asian Life Unit
Jul 2 2010 // American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar...
Goldman Defends Its Claims on AIG As Legitimate
Jul 1 2010 // Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive...
AIG’s Cassano Says U.S. Bailout Too Generous to Goldman
Jul 1 2010 // The former head of the AIG unit that nearly crippled the insurer said the 2008 taxpayer bailout of up to $182 billion was too generous to customers like Goldman Sachs. Goldman Sachs, in turn, insisted it simply followed...
Financial Crisis Panel Hears from AIG’s Cassano, Goldman’s Lewis
Jun 30 2010 // The former head of the American International Group unit that precipitated a $182 billion bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of...
Congressional Panel Criticizes Government Over AIG Bailout
Jun 21 2010 // A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options...
AIG Puts Dooley in Charge of Asset Management
Jun 18 2010 // American International Group Inc. promoted Bill Dooley to executive vice president for investments and financial services, with overall responsibility for its asset management group. Dooley will report to Peter Hancock,...
SEC Said to Complete Probe of AIG and Executives
Jun 17 2010 // U.S. market regulators have closed an investigation of American International Group and some of its executives over the giant insurer’s near collapse in 2008 that led to a $182 billion government bailout, two sources...
AIG’s Shares Boosted by AIA Optimism
Jun 15 2010 // Shares of American International Group Inc rose 6 percent Monday, and one analyst said the stock may be getting a boost from optimism the bailed-out insurer would be able to monetize its Asian life unit and pay back...
Congressional Panel Criticizes Government Over AIG Bailout
Jun 11 2010 // A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options...
