AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and a windfall for seller American International Group Inc. ILFC, which pioneered the aircraft-leasing business under founder Steven Udvar-Hazy, is the …
The Federal Reserve released a list of 15 firms that merit an extra layer of supervision because they pose heightened systemic risks, including JPMorgan Chase & Co. and Bank of America Corp. The tally published on the Fed’s website today …
The town of Greenwich in Connecticut has reached a $2.4 million settlement with its insurance company to cover damage to municipal buildings and other property by Superstorm Sandy in October, 2012. The Greenwich Time reports the settlement with insurer AIG …
AIG has expanded its cyber insurance offering to include property damage and bodily injury exposures. This new cyber offering provides commercial customers a way to manage physical risks to their operations from cyber attacks and cyber security failures. AIG’s expanded …
American International Group Inc. sued to block New York’s top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be unconstitutional. AIG, criticizing what it called a “flawed and unconstitutional” interpretation …
MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in the state without a license and made intentional misrepresentations to regulators. MetLife also agreed to cooperate with the New York …
Many breaches in data security may be going unreported by American businesses. That’s according to Kirk Arthur, supervisory special agent for the U.S. Secret Service’s San Francisco field office. “Businesses simply don’t report it,” said Arthur, who was speaking in …
American International Group Inc., the insurer that repaid a U.S. bailout in late 2012, has been upgraded by Fitch Ratings after buying back bonds and improving results at its units. The rating on senior debt was lifted to BBB+ from …
American International Group, Inc. (AIG) has launched its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty risks for U.S.-based multinational companies. The product is designed for middle market businesses with up to $700 million in annual …
Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports. Netherlands-based AerCap, the world’s largest independent aircraft lessor, may team up with other bidders for International Lease Finance Corp (ILFC), …
