American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The sale of 10.7 million shares ends AIG’s stake in AerCap, …
American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily due to ongoing liability management …
American International Group Inc. Chief Executive Officer Peter Hancock said that it’s difficult to quantify the financial risk to the company from former CEO Maurice “Hank” Greenberg’s suit over the insurer’s bailout. “As I see it, it’s a compound problem,” …
American International Group Inc., the insurer that received a $182.3 billion bailout, said it would weigh reshaping the company to escape the U.S. government risk tag that brings greater regulatory oversight. “The discussion of the off-ramp certainly means that there …
American International Group Inc. Chief Executive Officer Peter Hancock, who took over the top job in September, said he plans to sell more businesses that don’t align with the insurer’s biggest moneymakers. “Floating or selling businesses that lack current or …
American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves. Net income fell to $655 million, or 46 cents a share in …
American International Group Inc. named Kevin Hogan to lead its main life insurance business, putting him in charge of offerings for individuals, as new Chief Executive Officer Peter Hancock shakes up management. Hogan takes on the duties from life-unit CEO …
The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said. “We’re changing generals as we move from wartime to peacetime,” Miller, 72, said Tuesday in an interview with Bloomberg …
Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.’s chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70, said in an interview …
American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer. The short-term incentive will be $3.2 million of cash and the long-term will be $7 million in …
