Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Names Winter, Vice Chairman; Hurd, Vice President
Apr 24 2009 // American International Group Inc. (AIG) named Matthew E. Winter, 52, AIG senior vice president, president and CEO of American General Life Cos., has been named vice chairman, Transition Planning and Administration,...
California AIG Sylmar Wildfire Survivors To Receive Additional Coverage
Apr 22 2009 // The California Department of Insurance (CDI) has secured between $37 million and $46 million in additional coverage from AIG for Sayre Fire survivors in Sylmar. Commissioner Poizner was joined by Los Angeles City...
S&P Sees AIU Holdings Vehicle as Boost to Insurer’s Financial Flexibility
Apr 22 2009 // Standard & Poor’s Ratings Services said that its ratings on American International Group Inc. (AIG; A-/Negative/A-1) and its insurance subsidiaries (A+/Negative/–) are not affected by AIG’s...
Q&A: AIG’s New AIU Tries to Rebrand In Challenging Market
Apr 21 2009 // Last month, shortly after American International Group, Inc. CEO Edward Liddy announced that AIG would be spinning off its global insurance operations into a new entity to be known as AIU Holdings, Inc., Insurance...
AIG Creates AIU Holdings; Prepares for Potential Sale of Minority Stake
Apr 21 2009 // American International Group, Inc. (AIG) today took the first steps to position the rebranding of its insurance units as an independent entity, AIU Holdings, by transferring the company to a special purpose vehicle (SPV)...
A.M. Best Calls AIU Vehicle ‘Positive First Step’ in AIG Insurance Rebranding
Apr 21 2009 // Rating organization A.M. Best Co. reported that its ratings and outlook of the property/ casualty subsidiaries of American International Group, Inc. (AIG) remain unchanged following the company’s announcement of the...
A New York State of Mind
Apr 20 2009 // Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s...
Business Moves
Apr 20 2009 // Munich Re German reinsurer Munich Re has successfully concluded the acquisition of specialty insurer HSB Group from American International Group for $739 million. The deal was originally announced last December. The...
AIG Completes Sale of Private Bank to Aabar Investments
Apr 17 2009 // American International Group, Inc. (AIG) announced that it has completed the sale of AIG Private Bank Ltd., a wholly owned subsidiary of AIG, to a subsidiary of Aabar Investments PJSC , a global investment company based in...
U.S. Lawmaker Urges AIG CEO Liddy to Quit Over Goldman Sachs Stake
Apr 17 2009 // A U.S. congressman Thursday expressed concern about a stake in Goldman Sachs Group Inc. held by Edward Liddy, CEO of bailed-out insurer American International Group Inc., and urged him to quit. Liddy owns shares and...
AIG May Sell U.S. Auto Unit to Zurich
Apr 16 2009 // American International Group is close to a deal to sell its U.S. auto insurance business to Swiss insurer Zurich Financial Services for roughly $1.5 billion, a source familiar with the matter said on Wednesday. A deal...
Farmers To Acquire AIG’s Personal Auto Group for $1.9 Billion
Apr 16 2009 // Los Angeles-based the Farmers Insurance Group of Companies has announced it will acquire American International Group’s (AIG’s) Personal Auto Group, which includes 21st Century Insurance Co. The acquisition...
Congressman Asks If AIG Used Bailout Fund for PR Firms
Apr 15 2009 // The head of a U.S. House of Representatives committee sent a letter Tuesday to American International Group Inc demanding to know if it used bailout money to pay for public relations firms to attack critics. Several...
Connecticut Official Says State Law Doesn’t Bar AIG Bonuses
Apr 13 2009 // The controversial bonuses given to executives at bailed-out insurer American International Group Inc. do not violate Connecticut’s unfair trade practices law, the state’s consumer protection commissioner...
AIG Completes Thailand Asset Sale
Apr 9 2009 // American International Group announced that it has closed the sale of AIG’s retail bank, AIG Retail Bank Public Company Limited, and credit card operation, AIG Card (Thailand) Company Limited. The Thai operations...
US Financial Bailout Watchdog Examining AIG Payments
Apr 8 2009 // The in-house watchdog for the U.S. Treasury Department’s massive financial rescue program is examining billions of dollars in counterparty payments made by bailed-out insurer AIG to major banks, such as Goldman...
Former Maine CEO in Hot Seat over AIG Bonuses
Apr 7 2009 // The public outrage aimed at American International Group over bonuses given to its executives has reached the man whose committee approved the payouts: James F. Orr, former chief executive officer of Unum Corp. The...
Business Moves
Apr 6 2009 // AIG American International Group (AIG) has taken down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, the company replaced the large AIG sign — outside the entrance to its...
Business Moves
Apr 6 2009 // CAA, Bridges Group Inc. Austin, Texas-based Combined Agents of America LLC (CAA) has added Bridges Group Inc., based in Kansas, to its roster of agency members. Since 1894, the Bridges Group has served the region...
Declarations
Apr 6 2009 // Japanese Suicide “The first thing that would make me feel a little bit better toward them (is) if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m...
