Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Leaders Grilled on Bailout Repay at Congressional Hearing
May 13 2009 // American International Group Inc. CEO Ed Liddy met some harsh criticism at a congressional hearing on Wednesday as lawmakers demanded answers on the taxpayer bailout of the giant insurer. Rep. Dennis Kucinich wagged his...
AIG Sells Tokyo Building for $1.2 Billion
May 12 2009 // American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash (Yen115.5 billion) to Nippon Life Insurance Company. The property consists of...
No New Government Funds for AIG
May 8 2009 // American International Group, the giant insurer bailed out by the U.S. government, reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs. AIG has lost more than $100...
AIG Reports $4.35 Billion Q1 Loss
May 7 2009 // American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion compared to a net loss of $7.81 billion in the first quarter of 2008. The loss was less than the $5 billion...
AIG Performance Bonuses of $454 Million Disclosed
May 6 2009 // Embattled insurer American International Group paid some $454 million in previously undisclosed performance bonuses to employees for 2008, the company said in answers to questions from a U.S. lawmaker that released...
AIG to Post $5 Billion Q1 Loss
May 6 2009 // American International Group Inc. is expected to post a first-quarter net loss of about $5 billion, smaller than its year-ago loss and much lower than the record hit it took last quarter, a source familiar with the matter...
AIG Expected to Post Q1 Loss But Not Need More Bailout Funds
May 5 2009 // American International Group Inc. is expected to post a first-quarter loss Thursday, but the insurer’s results will not trigger a new capital injection from the U.S. government, a source familiar with the matter said...
AIG Rebranding Faces Challenges of 3 R’s and 4th, Recession
May 5 2009 // Most thought it was a good idea but nobody said it would be easy. When American International Group (AIG) announced it was going to separate and rebrand its U.S. and foreign insurance operations as an independent entity...
Business Moves
May 4 2009 // Farmers, American International Group (AIG), 21st Century Insurance Co. Los Angeles-based the Farmers Insurance Group of Companies announced it will acquire American International Group’s (AIG’s) Personal Auto...
AIG Transitioning Insurance Units to AIU Holdings
May 4 2009 // American International Group Inc. (AIG) has begun the process of rebranding of its insurance units as an independent entity, AIU Holdings, by transferring the company to a special purpose vehicle (SPV) in preparation for...
Report: AIG Nears Japan Building Sale for $1 Billion
May 4 2009 // American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said...
Business Moves
May 4 2009 // AIG, AIU American International Group, Inc. (AIG) has taken the first step to position the rebranding of its insurance units as an independent entity, AIU Holdings. AIG has transgered the company to a special purpose...
Former Gen Re Exec Gets 1-Year Sentence
May 1 2009 // A former executive at General Re Corp. has been sentenced to a year in prison for his role in a scheme to artificially inflate the stock price of American International Group. Robert D. Graham, 61, was sentenced yesterday...
AIG’s P/C Arm Eager to Split, New Name in Question
Apr 30 2009 // American International Group’s property/casualty division is moving swiftly to break ties with its parent company, setting itself up to be a stand-alone company, said AIG Chief Executive Edward Liddy. But the name...
Regulator Sees Mergers Coming in Weakened Life Insurance Sector
Apr 29 2009 // U.S. life insurers, weakened by the global financial crisis, are in for mergers and regulators will not shy away from playing matchmaker to deal with weak companies, Eric Dinallo, New York’s insurance superintendent,...
Probe of AIG Financial Products Unit Focusing on 3 Executives
Apr 29 2009 // Federal investigators are focusing their attention on three employees at American International Group Inc.’s financial products unit amid a probe into derivatives contracts that nearly destroyed the insurance giant,...
AIG’s Title as World’s Largest Insurer Gone Forever
Apr 29 2009 // American International Group Chief Executive Edward Liddy is inching toward several more asset sales, has plans for a trio of initial public offerings, and expects the financial products unit to be a much smaller problem...
AIG a Lesson for European Watchdogs
Apr 28 2009 // AIG’s near collapse is a credit-crunch case study in how Europe can improve supervision of big cross-border insurers, a top EU market regulator said on Monday. The American insurer has received nearly $180 billion in...
Defendant in General Reinsurance, AIG Fraud Faces Sentencing
Apr 28 2009 // A former General Re senior vice president faces sentencing for his role in an accounting fraud scandal that artificially inflated the stock price of insurer American International Group Inc. Robert Graham is scheduled to...
AIG, Congress and Law of Unintended Consequences
Apr 27 2009 // When corporations want to borrow large sums of money they usually rely on selling bonds. Introductory college finance courses always include a chapter covering interest rates and bonds. So, much of the information I...
