November 5, 2010
American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and goodwill charges …
November 2, 2010
Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s bailout, the Treasury Department …
October 29, 2010
AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO market. The stronger-than-expected listing will be a …
October 28, 2010
The board of bailed-out insurer American International Group on Wednesday said Chairman Steve Miller would become interim chief executive if CEO Bob Benmosche is sidelined by his cancer treatment. AIG said on Monday that Benmosche had cancer and was receiving …
October 27, 2010
American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge. AIG said Monday that …
October 27, 2010
AIA Group Ltd is expected to post a double-digit gain in its trading debut on Friday as investors scramble for a slice of one of Asia’s most recognized life insurance brands after its record Hong Kong IPO. AIA’s wide Asian …
October 26, 2010
Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy. AIG said Benmosche intends to work a full schedule during his treatment, but it is also making contingency plans. Following …
October 26, 2010
American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing “aggressive chemotherapy.” …
October 22, 2010
AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of …
October 21, 2010
American International Group Inc is expected to price its up to $20.5 billion AIA Group IPO near the top end of the indicative range, sources with direct knowledge of the matter told Reuters on Thursday. The IPO generated more than …