U.S. Senate candidate Elizabeth Warren from Massachusetts continues to criticize the government for granting American International Group billions of dollars worth of tax breaks, calling it “a stealth bailout.” Warren, together with fellow members who served on the U.S. Congressional …
The U.S. Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an …
American International Group disclosed in its annual report that Chartis management decided last year to cease writing excess workers’ compensation business as a stand-alone product — as “part of its on-going initiatives to reduce exposure to capital intensive long-tail lines.” …
Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit. The move, which sent the company’s shares up by about 6 percent, …
American International Group’s Chartis, its global P/C business, has placed its claims unit and operations and systems (O&S) unit under a single management team. Eric Martinez — appointed as executive vice president of global claims, operations and systems — will …
American International Group Inc. may raise its stake in Asian insurer AIA Group someday and is open to offers for its airplane leasing business ILFC, but will bide its time on all these things, Chief Executive Bob Benmosche said on …
Korea Life Insurance Co. Ltd said on Thursday that it is reviewing the feasibility of bidding for ING Groep NV’s Asia-Pacific insurance operations. The potential $6 billion deal is also expected to attract the interest of major overseas and local …
Two American International Group units — Chartis U.S. Accident and Health, and American General Life Companies — are planning to merge their group benefits businesses into a single, unified organization. The consolidated unit will market insurance and benefits products for …
A federal judge has approved American International Group Inc.’s $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers’ compensation policies. AIG will make the payment after rivals accused it of understating its market …
American International Group’s CEO Robert Benmosche recently told the board directors that he wants to stay in his job longer than previously planned, according to a report. The Wall Street Journal reported last Friday that Benmosche signaled he is “in …
