American International Group Inc. has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and casualty unit, a person familiar with the situation said Tuesday. The move is consistent with Benmosche’s …
AIG is soliciting bids for its International Lease Finance Corp. after a group led by the unit’s chief offered to buy a small portion of the aircraft lessor’s fleet, according to sources familiar with the matter. American International Group Inc. …
An American International Group Inc.’s board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche’s frustration with the U.S. government’s involvement in the insurer’s affairs, a source familiar with the matter said Thursday.But the board does …
Private equity firm Lightyear Capital is looking for acquisitions in sectors including insurance, banks, processing companies and asset management, CEO Donald Marron said Monday. Lightyear has stayed on the sidelines for the last year, although it recently struck a deal …
Got bad news? It pays to relegate it in a footnote of the press release. Companies that are forthright about bad news end up paying for it more than those that bury it in the press release, a new study …
American International Group Inc agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li’s Pacific Century Group for about $500 million, in the first major asset sale under the watch of its new …
American International Group Inc. is close to selling its asset management business to a group that includes private equity firm Crestview Partners for $300 million to $400 million, a source familiar with the matter said Monday. The source asked not …
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. has picked a group that includes private equity firms Onex Corp and Greenbriar Equity Group as the preferred bidder for its aircraft leasing unit, a source familiar with the situation said Friday. However, the insurer has …
American International Group Inc. is in talks to line up financing to facilitate the sale of its aircraft leasing unit, but it will consider options such as selling some aircraft if it fails to do so, a person familiar with …
