Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying investigations by the FBI and other …
Insurer American International Group Inc.’s once-desperate financial state has started to stabilize, a government agency said Monday, as an influential lawmaker said he would look at easing the terms of the insurer’s federal bailout once more. AIG’s shares shot up, …
Insurer American International Group’s ability to restructure its business and repay billions of dollars to the U.S. government remains in doubt, U.S. congressional investigators said in a report released on Monday. However, the company’s operations have started to show signs …
Bailed-out insurer AIG told its new chief executive Robert Benmosche that he could not use the company-owned jet for his personal use, Bloomberg News reported. Citing unnamed sources, Bloomberg said AIG’s board told Benmosche he would only be able to …
A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books. U.S. District Judge Christopher Droney said his sentence of Richard Napier, who …
U.S prosecutors are preparing to impanel a grand jury to consider indicting the former head of American International Group’s Financial Products unit for securities fraud, the Wall Street Journal reported. The Department of Justice and the Securities and Exchange Commission …
American International Group Inc. may sell stakes in its businesses, rather than shedding entire units, to repay U.S. government bailouts, retaining huge tax benefits, according to a source familiar with the matter. The strategy differs from what AIG CEO Robert …
American International Group Inc agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li’s Pacific Century Group for about $500 million, in the first major asset sale under the watch of its new …
AIG’s new CEO, Robert Benmosche, has sparked just about as many headlines as one executive can in the past few weeks — and all while on holiday at his villa in Croatia looking over the Adriatic. He has been unusually …
Robert Benmosche, the new CEO of American International Group Inc., said he regrets tough comments he made about New York’s attorney general, saying he was trying to bolster a demoralized AIG work force. “You can characterize me as a goon …
