U.S. states probing employee bonuses paid by American International Group Inc. using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves. Since March, a 19-state coalition has been investigating …
Former American International Group Inc. chief Maurice “Hank” Greenberg told a federal jury on Friday that his former company at no time played a role in the management of Starr International, a private company controlled by Greenberg that owns a …
Several U.S. private equity firms and Taiwanese financial groups are showing early interest in the sale of AIG’s Taiwan life insurance unit, banking sources said on Friday, in a deal the seller hopes could raise around $2 billion. U.S. private …
International Group Inc. had questioned for years a retirement bonus plan for top managers because it was funded by a private company at no cost to AIG and that may have violated good governance standards, AIG’s former CEO Maurice “Hank” …
Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as its joint global coordinators for a more than $4 billion IPO of its Asian life insurance unit, sources said on Thursday. The American International Assurance …
The former head of ailing U.S. insurance giant AIG told a court Wednesday that he had a private jet fly a large block of the company’s stock to Bermuda from New York to prevent AIG from seizing it. “It was …
A former business executive was sentenced Tuesday to two years of probation for his role in an accounting scandal that cost shareholders of insurer American International Group Inc. more than $500 million. John Houldsworth, the former chief executive officer of …
Maurice “Hank” Greenberg, former chief executive of insurer AIG, testified before a federal jury on Tuesday that he did not have a fiduciary duty to fund an AIG compensation plan. “I did not view myself as a fiduciary,” Greenberg, 84, …
As American International Group (AIG) continues its restructuring, California Insurance Commissioner Steve Poizner has appointed a special examiner to assist in the monitoring of AIG’s insurance operations. “Hundreds of thousands of Californians have insurance policies with companies owned by AIG,” …
Witnesses began testifying Tuesday in the civil trial of American International Group Inc.’s former top executive, accused of plundering an AIG retirement program of billions of dollars. Attorney Theodore Wells told jurors Monday in Manhattan that former Chief Executive Officer …
