Validus Holdings Ltd. said it has agreed to buy Bermuda reinsurance rival IPC Holdings Ltd. for $1.65 billion in cash and stock, beating another rival, Flagstone Reinsurance Holdings Ltd, and likely ending a months-long bidding war. On a conference call …
Maurice “Hank” Greenberg, former chief executive of American International Group Inc., fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a valuable block of AIG stock, AIG lawyer Ted …
A company run by former AIG CEO Maurice “Hank” Greenberg did not plunder billions from a retirement fund, a jury ruled, dashing the bailed-out insurer’s chances of collecting $4.3 billion in damages. American International Group Inc. took Starr International Co, …
American International Group Inc. got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer’s $180 billion taxpayer bailout. The meeting attracted far fewer investors than in years past and …
American International Group Inc., the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board Tuesday when a new slate of directors stands for election at its annual meeting. The nominees will help rebuild …
AIU Holdings, the property/casualty division of insurer AIG and one of the world’s largest commercial insurers, has tapped Robert Schimek to be its first global chief financial officer, a role that includes preparing the company for a stake sale. AIU …
Former American International Group Inc. chief Maurice “Hank” Greenberg told a federal jury on Friday that his former company at no time played a role in the management of Starr International, a private company controlled by Greenberg that owns a …
International Group Inc. had questioned for years a retirement bonus plan for top managers because it was funded by a private company at no cost to AIG and that may have violated good governance standards, AIG’s former CEO Maurice “Hank” …
The former head of ailing U.S. insurance giant AIG told a court Wednesday that he had a private jet fly a large block of the company’s stock to Bermuda from New York to prevent AIG from seizing it. “It was …
Maurice “Hank” Greenberg, former chief executive of insurer AIG, testified before a federal jury on Tuesday that he did not have a fiduciary duty to fund an AIG compensation plan. “I did not view myself as a fiduciary,” Greenberg, 84, …
