July 13, 2010
The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA, …
July 2, 2010
American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar with the situation said Thursday. AIG’s …
July 1, 2010
The former head of the AIG unit that nearly crippled the insurer said the 2008 taxpayer bailout of up to $182 billion was too generous to customers like Goldman Sachs. Goldman Sachs, in turn, insisted it simply followed its agreement …
July 1, 2010
Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout. Members of the Financial Crisis Inquiry Commission …
June 30, 2010
The former head of the American International Group unit that precipitated a $182 billion bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime …
June 28, 2010
Joseph Cassano, a former AIG executive who played a big role in bringing the giant insurer to its knees, will face-off next week with a U.S. panel investigating the causes of the financial crisis. Cassano will rub shoulders with a …
June 21, 2010
Bailed out insurer American Insurance Group and China Strategic Holdings Ltd have agreed to extend the deadline for completing AIG’s planned $2.2 billion sale of its Taiwan unit. While the extension could help AIG and its buyers address concerns from …
June 17, 2010
U.S. market regulators have closed an investigation of American International Group and some of its executives over the giant insurer’s near collapse in 2008 that led to a $182 billion government bailout, two sources with knowledge of the matter said …
June 11, 2010
A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options before bailing out the crippled insurance …
June 7, 2010
Standard & Poor’s Ratings Services announced that its on American International Group Inc. , currently ‘A-‘ – Negative – debt ‘/A-1,’ and its insurance subsidiaries (most of which are rated A+/Negative/–) are not affected by the company’s announcement that it …