Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
N.Y. AG Cuomo Wants Ex-AIG CEO Greenberg to Answer Questions
Jun 10 2008 // New York Attorney General Andrew Cuomo has tried to block a request by the former head of American International Group Incto delay a deposition on three-year-old allegations of financial misconduct. Former AIG CEO Maurice...
AIG Offers Pollution Liability Insurance for Contractors
Jun 10 2008 // AIG Small Business, a unit of AIG Commercial Insurance, announced the availability of contractors pollution liability (CPL) insurance designed specifically for the needs of contractors with revenues under $10...
Court Affirms AIG Must Give Ex-CEO Greenberg Access to Files
Jun 6 2008 // American International Group Inc. will have to surrender certain privileged documents to its former chief executive, according to a New York Court of Appeals ruling Thursday. Maurice “Hank” Greenberg, who ran...
The Reluctant Bride: Insurance Australia Group Rejects QBE’s Latest Offer
Jun 2 2008 // Quake Shatters China’s Sichuan Province; Willis Shows Off New London Headquarters; AIG Wins One, Loses One After five weeks of high level discussions, Australia’s QBE Group withdrew its offer to acquire...
Best Takes a Number of Rating Actions on AIG and Subsidiaries
May 29 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American...
S&P Removes AIG from CreditWatch; Rating Outlook Remains Negative
May 23 2008 // Standard & Poor’s Ratings Services has affirmed and removed from CreditWatch negative its ‘AA-/A-1+’ counterparty credit and senior debt ratings on American International Group Inc. S&P also...
Judge: Evidence Showed Greenberg Phone Call in AIG/General Re Case
May 21 2008 // A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the...
Judge Rejects New Trial for Convicted Gen Re, AIG Executives
May 20 2008 // A federal judge has rejected requests to overturn the convictions of five former insurance company executives in a scheme to manipulate the financial statements of the world’s largest insurance company. The four...
AIG: $1 Million for China Quake Relief
May 19 2008 // American International Group announced a $1 million (approximately 7 million RMB) donation to support relief and rebuilding efforts following the recent 7.9-magnitude earthquake that struck China’s Sichuan Province...
S&P Rates AIG’s New Debt Offerings
May 19 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt ratings to American International Group Inc.’s €750 million ($1.163 billion) of Series A-7 and £900 million...
Greenberg’s Starr Foundation Sues AIG Over Credit Losses
May 19 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
Declarations
May 19 2008 // Fees Increase Debate “The department’s creation of this information is funded by taxpayer dollars, and this information was not intended to help private companies increase their profit...
AIG Investors, N.Y. Regulator Mull Former CEO Greenberg’s Words
May 19 2008 // Maurice “Hank” Greenberg’s withering criticism of American International Group Inc. has yet to win widespread support for a revolt against the current management of the giant insurer he used to run. There...
Ex-AIG Chief Greenberg Voted Against AIG Board of Directors Re-Election
May 16 2008 // Maurice “Hank” Greenberg, the former head of American International Group Inc, said in an interview on Wednesday he voted against the reelection of the company’s board because directors have not made sure...
House Panel Hits Defense Department, Insurers Over War Zone Insurance Costs
May 16 2008 // A House committee looking into defense contractors has alleged that the Department of Defense (DoD) has been lax in its management such that insurance companies providing workers’ compensation for civilian employees...
Ratings Roundup: AIG-Equity, MBIA, Great Lakes, Country-Wide, Infinity, Allstate, Farmers Mutual (Nebr.)
May 15 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt rating to American International Group Inc.’s $5 billion of equity units. S&P also said it has...
AIG Chairman Says Board Stands by CEO Sullivan
May 14 2008 // American International Group Inc Chairman Robert Willumstad said Wednesday the global insurance giant’s directors stand behind Chief Executive Martin Sullivan, fending off concerns raised by investors frustrated by...
AIG Rejects Ex-CEO Greenberg’s ‘Crisis’ Call for Delay of Annual Meeting
May 13 2008 // Maurice “Hank” Greenberg, former chief executive of American International Group, has said the insurer is in “crisis” and urged a delay in its annual general meeting scheduled for Wednesday,...
S&P Lowers AIG’s Ratings; On CreditWatch/Negative
May 9 2008 // American International Group’s whopping $7.81 billion first quarter loss (See related article) brought an immediate reaction from Standard & Poor’s Ratings Services. S&P has lowered its counterparty...
Greenberg’s Starr Foundation Sues AIG, Alleging Fraud over Credit Losses
May 9 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
