Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Gifford Named CEO of AIG Real Estate
Aug 10 2009 // American International Group has named Robert G. Gifford as president and chief executive officer of AIG Global Real Estate, the international real estate investment organization. Gifford’s experience includes 22...
AIG Posts First Profit Since 2007
Aug 7 2009 // American International Group, Inc. (AIG) reported its first quarterly profit since the third quarter of 2007, reflecting stabilization in some of its businesses and positive valuation changes. AIG, which received $180...
AIG Names Former Amex CEO Golub As Chairman
Aug 7 2009 // American International Group Inc., which today reported its first profit since 2007, has named former American Express Co. chief executive Harvey Golub as its non-executive chairman. Golub replaces Edward Liddy, who is...
Shares of AIG Soar
Aug 6 2009 // Shares of battered financial companies including insurer American International Group Inc. and lender CIT Group soared on Wednesday, as investors rushed to buy shares to cover short positions in the companies. AIG shares...
Insurance Journal Wins Business Publication Editorial Awards
Aug 6 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...
Ex-AIG CEO Greenberg Settles SEC Charges Over Accounting
Aug 6 2009 // American International Group’s former chief executive Hank Greenberg agreed to pay $15 million to settle government allegations that he had cooked the books to inflate the insurer’s earnings in the first half...
AIG Selects Former MetLife CEO Benmosche as New CEO After Liddy
Aug 3 2009 // Troubled insurer American International Group Inc. has chosen former MetLife chief Robert Benmosche as its new CEO, The Wall Street Journal reported, citing people familiar with the matter. The AIG board approved the...
States Dispute Article Questioning AIG Insurance Units’ Finances
Aug 3 2009 // State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into...
AIG Reported Close to Sale of Asset Management Unit
Aug 3 2009 // American International Group Inc. is close to selling its asset management business to a group that includes private equity firm Crestview Partners for $300 million to $400 million, a source familiar with the matter said...
AIG Confirms Benmosche as CEO; Restructuring Chief Reynolds to Depart
Aug 3 2009 // American International Group, Inc. (AIG) confirmed that its board of directors has elected Robert H. Benmosche as president and chief executive officer as previously reported.. Benmosche was also elected a member of the...
Business Moves
Aug 3 2009 // SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team...
AIG to Combine Consumer Finance Operations in Poland
Jul 31 2009 // American International Group, Inc. (AIG) has entered into an agreement under which it will combine its consumer finance business in Poland, conducted through AIG Bank Polska S.A., into the Polish consumer finance business...
AIG, 6 Other Bailed Out Firms to Report Executive Pay by Aug. 13
Jul 29 2009 // Seven financial and automotive companies that have received “exceptional” government aid face an Aug. 13 deadline to submit compensation plans to the U.S. Treasury Department’s executive pay czar, people...
Consumer Group Urges Congress to Curb Insurers’ Risky Behavior
Jul 28 2009 // A large U.S. consumer group urged Congress Tuesday to clamp down on insurers’ risky practices after last year’s near collapse of AIG due to its foray into exotic derivative instruments. The Consumer Federation...
Chartis: Other Firms Share AIG’s New Name; Is It a Name to Remember?
Jul 28 2009 // A U.S. health care advisory group and a London-based risk technology research firm share something in common with American International Group’s (AIG) new brand Chartis Insurance: a name. But it’s doubtful they...
Chartis’ Moor Maps Out 20% Sale, Other Steps in Separating from AIG
Jul 27 2009 // Bailed-out insurer American International Group Inc. rebranded its property/ casualty business under the name Chartis Monday and said it would put the equity for the division into a separate company — key steps...
AIG Withholds $2.4 Million in Bonuses for Senior Managers
Jul 23 2009 // American International Group Inc., the insurer that has received billions of dollars in federal aid, withheld $2.4 million in bonuses due to be paid to dozens of senior managers on July 15. The AIG decision was disclosed...
Best Affirms Ex-AIG Personal Lines Company Ratings; Outlooks Stable
Jul 21 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group,...
Business Moves
Jul 20 2009 // Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better...
Business Moves
Jul 20 2009 // AIG, 21st Century Insurance, Farmers Group Inc. American International Group has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to...
