Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
U.S. Prosecutors Eye Grand Jury on AIG Financial Products Chief
Sep 11 2009 // U.S prosecutors are preparing to impanel a grand jury to consider indicting the former head of American International Group’s Financial Products unit for securities fraud, the Wall Street Journal reported. The...
AIG May Use Tax Benefits of Selling Stakes to Repay U.S. Taxpayers
Sep 11 2009 // American International Group Inc. may sell stakes in its businesses, rather than shedding entire units, to repay U.S. government bailouts, retaining huge tax benefits, according to a source familiar with the matter. The...
AIG to Sell Asset Management Unit for $500M
Sep 8 2009 // American International Group Inc agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li’s Pacific Century Group for about $500 million, in the first major asset sale under the...
AIG Pays $900K to Reconcile Mass. Workers’ Comp Payout Problems
Sep 8 2009 // AIG has paid an additional $900,000 to the Central Artery Tunnel (CA/T) Project in Massachusetts as part of an ongoing reconciliation of premiums and residual market payouts stemming from the insurer’s settlement of...
Blunt-Talking AIG CEO Benmosche’s True Passion Is Wine
Sep 3 2009 // AIG’s new CEO, Robert Benmosche, has sparked just about as many headlines as one executive can in the past few weeks — and all while on holiday at his villa in Croatia looking over the Adriatic. He has been...
AIG Plane Leasing Executive May Bid for Business
Aug 31 2009 // The head of the aircraft leasing company owned by the giant financial services company American International Group is reportedly talking about buying a part of the business. The aircraft leasing company has been up for...
Report AIG’s Taiwan Unit Gets 3 Low Bids
Aug 31 2009 // Three bidders for AIG’s Nan Shan Life unit have offered less than $1.5 billion, far below the $2 billion the insurer had expected, sources close to the companies said on Friday, throwing the sale into doubt. Friday...
AIG, Former CEO Greenberg, CFO Smith Agree to Binding Arbitration
Aug 31 2009 // American International Group Inc. and former CEO Maurice “Hank” Greenberg said Monday they have agreed to privately arbitrate a shareholder lawsuit, and possibly another, potentially ending a an extended legal...
New AIG CEO Benmosche Reaches Out to Ex-CEO Greenberg
Aug 27 2009 // AIG to Hank: All is forgiven, we need your help! That is the message from Robert Benmosche, the new CEO of American International Group Inc., to Maurice “Hank” Greenberg — the man who built the company...
Reuters: Interview with New AIG CEO Benmosche in Croatia
Aug 27 2009 // Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the...
Bailed Out Firms Making Compensation Subject to Government Approval
Aug 25 2009 // Citigroup Inc., Bank of America Corp. and AIG are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. government, according to a person familiar with some recent...
$1 Billion Suit Against AIG Over Workers’ Compensation Dismissed
Aug 21 2009 // American International Group Inc. won dismissal of a federal lawsuit accusing the troubled insurer of fraudulently shortchanging state workers’ compensation pools out of more than $1 billion. However,...
New CEO Says AIG to Repay U.S. Taxpayers, Boost Shareholder Value
Aug 20 2009 // Robert Benmosche, the newly appointed chief executive officer of American International Group Inc., says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders,...
New AIG CEO Decides to Keep, Not Sell, Investment Advisory Unit
Aug 19 2009 // Robert Benmosche, the newly appointed chief executive of AIG, has started to cut up the insurer’s restructuring plan, deciding it is better to hold on to an investment advisory unit that is part of the...
New AIG CEO Benmosche to Be Paid $7 Million
Aug 18 2009 // American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million. In a...
Insurance Journal Wins Business Publication Editorial Awards
Aug 17 2009 // Insurance Journal magazine has won gold and silver editorial awards from the American Society of Business Publication Editors’ western regional awards competition, recognizing the magazine for its editorial...
AIG’s Chartis Global Now Travel Guard; Rutledge Named CEO
Aug 14 2009 // Chartis Inc.said that all of its worldwide travel businesses will begin operating under the brand name Travel Guard, effective immediately. Additionally, Jeffrey C. Rutledge has been named chairman and chief executive...
Ohio Reaches $115M Settlement with AIG Ex-CEO Greenberg, Others
Aug 14 2009 // Ohio Attorney General Richard Cordray has announced an agreement in principle to settle claims against former American International Group (AIG) CEO Maurice R. “Hank” Greenberg and other AIG executives (Howard...
AIG to Sell Hong Kong Consumer Finance, India IT Units
Aug 12 2009 // American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units. China Construction Bank (CCB) Asia,...
AIG FP Completes Sale of Energy, Infrastructure Assets
Aug 12 2009 // AIG Financial Products Corp. (AIGFP), an AIG company (AIG), has completed the sale of its energy and infrastructure investment assets, realizing aggregate net proceeds in excess of $1.9 billion. This disposition effort,...
