Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Declarations
Mar 9 2009 // Dear Shareholders “It will be interesting to see if Buffett himself has learned lessons he might not have learned in his long career. … Berkshire got hit in four ways. Falling stock prices, the put options,...
Federal Reserve in Uncharted, Risky Territory with AIG Investment
Mar 9 2009 // The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence. As part of the...
Analysis: AIG Meltdown Has Roots in Greenberg Era
Mar 9 2009 // Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently...
Senators Demand Details, Officials Admit Regulatory Gaps on AIG
Mar 6 2009 // U.S. regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of public dollars, officials said Thursday. At a Senate Banking...
U.S. Lawmaker Says AIG Failure Would ‘Bring Down Europe’
Mar 6 2009 // The U.S. government rescued giant insurer American International Group in part because its collapse would dramatically hurt European banks, a senior Democratic lawmaker said Thursday. The U.S. government has bailed out AIG...
U.S. Federal Reserve Won’t Name Firms Helped By AIG Bailout
Mar 6 2009 // The U.S. Federal Reserve refused to identify trading partners benefiting from a $180-billion taxpayer bailout of American International Group as one lawmaker said Europe’s financial stability was at stake in the...
Judge Says AIG Claim Against Ex-CEO Greenberg’s Firm Can Proceed
Mar 5 2009 // A federal judge has rejected a bid to dismiss one of three remaining claims brought by AIG in a court battle against Starr International Co., a company controlled by former AIG Chief Executive Maurice “Hank”...
New York Regulator Says AIG Securities Lending Losses Manageable
Mar 5 2009 // The securities lending unit of American International Group Inc. was being successfully wound down and had manageable losses if not for the firm’s massive credit default swap exposure, New York Insurance...
New York Insurance Chief Dinallo’s U.S. Senate Testimony on AIG
Mar 5 2009 // Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government...
AIG’s AIA Gets Prudential (UK), Manulife Offers; China Life Declines
Mar 4 2009 // The UK’s Prudential Plc and Canada’s Manulife Financial Corp made preliminary offers for American International Group Inc.’s Asian unit, but Prudential’s offer fell short of what AIG wants for the...
Bernanke Defends AIG Rescue, Says U.S. Had No Choice
Mar 4 2009 // U.S. Federal Reserve Chairman Ben Bernanke Tuesday defended the government’s latest bailout of embattled insurer AIG, telling irate lawmakers that he was also angry, but that the failure to act could have triggered...
S&P Says Rating Actions on AIG Have No Effect on Transatlantic
Mar 4 2009 // Standard & Poor’s Ratings Services has said that its rating actions on American International Group Inc. and its insurance subsidiaries “have no effect on the ratings on Transatlantic Holdings Inc. (TRH...
AIG Restructuring Chief Reynolds Has Tough Job in Tough Market
Mar 3 2009 // Paula Rosput Reynolds has a job that would daunt some of the most experienced Wall Street veterans — restructuring American International Group Inc. by selling assets in the midst of a severe credit crunch. Reynolds,...
Analysis: AIG Meltdown Has Roots in Greenberg Era
Mar 3 2009 // Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently...
Federal Reserve in Uncharted, Risky Territory with AIG Investment
Mar 3 2009 // The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence. As part of the...
Best, S&P See No Change in AIG’s Ratings, But Outlook Remains Negative
Mar 3 2009 // A.M. Best Co. and Standard & Poor’s Ratings Services have both issued statements in relation to American International Group’s announcement of a $61.7 billion fourth quarter loss, and the subsequent...
AIG Reports $62B Loss for Q4; $99B for Year
Mar 2 2009 // American International Group Inc. posted a $61.7 billion fourth-quarter loss — its fifth consecutive quarterly loss and the biggest quarterly loss in corporate history. The quarter’s net loss of $61.7 billion...
Ex-CEO Greenberg Sues AIG, Alleges Securities Fraud
Mar 2 2009 // American International Group Inc., whose $61.66 billion quarterly loss was the largest ever for a U.S. company, has been sued for securities fraud by former Chief Executive Maurice “Hank” Greenberg. Greenberg,...
U.S. Commits Another $30 Billion To Bolster AIG; P/C Business Spinoff Planned
Mar 1 2009 // The U.S. government threw a new $30 billion lifeline to American International Group Inc. Sunday as the embattled insurer prepared to report the biggest quarterly loss in corporate history. AIG’s board approved a new...
Terms of Latest U.S. Rescue of AIG
Mar 1 2009 // American International Group and the U.S. government agreed on a revised rescue package for the giant insurer Sunday. Here are the key terms of the deal, according to sources: A $30 billion equity commitment from the U.S....
