Jim Millstein is no stranger to troubled companies. With a long career as a bankruptcy lawyer and former head of Lazard Ltd’s restructuring practice, he’s done his share of turnarounds. But nothing prepared him for the firestorm that was American …
Bailed-out insurer American International Group Inc. took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company’s logo back on employee identification cards. After its Sept. 2008 government rescue, AIG …
The U.S. Treasury plans to sell about one-fifth of insurer AIG through a stock offering in the first half of 2011, an important test of the government’s ability to profitably exit one of its most controversial bailouts. American International Group …
American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, Chairman Steve Miller said on Thursday. In an interview at The Deal’s Deal Economy conference Miller said, “Well, we’re having second …
The U.S. Treasury hired Greenhill & Co. to help it dispose of its investment in bailed-out insurer American International Group, which the Treasury will own 92.1 percent of from early next year. The 18-month contract is dated Nov. 18, though …
AIA Group Ltd, the recently spun off Asia life insurance arm of American International Group <AIG.N>, has lost another key executive with the resignation of its human resources head Margret Chiu, a spokeswoman told Reuters on Tuesday. Chiu, an executive …
First-round bids for American International Group Inc’s (AIG) Taiwan unit Nan Shan Life are likely shortly after due diligence ends in early December, a source close to the process said on Monday, restarting the bailed-out insurer’s much delayed sale of …
The AIA Group has lost a key official less than three weeks after its parent American International Group raised $20.5 billion in an initial public offering (IPO) of the unit. Chris Wei, AIA’s chief marketing officer, had resigned, an AIA …
Global property/casualty insurer Chartis Inc. says it is in the process of laying off about two percent of its workforce as part of a year-end review. “As part of Chartis’ year-end review, we have conducted a resizing of our staffing …
American International Group is expected to sell its Asian real estate business to Invesco Ltd later this month, a source said on Tuesday. The source said AIG’s gross property assets were currently worth around $5 billion, although the actual cost …
