Maurice “Hank” Greenberg News

Ace’s Greenberg Sees Business Opportunities from AIG Troubles

Insurer Ace Limited’s business opportunities have grown dramatically over the past month and a long slump in rate pricing appears to be over, CEO Evan Greenberg told investors. Greenberg, speaking Wednesday on a conference call following the release of quarterly …

New York AG Confirms Pay Freeze for Ex-AIG Execs Sullivan, Cassano

Troubled insurer American International Group Inc. will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said Wednesday. “This is to confirm that …

Delaware Court Approves $115M Settlement with Former AIG Execs

The Delaware Chancery Court has given preliminary approval to a $115 million settlement in a shareholder derivative action brought by the Teachers’ Retirement System of Louisiana against four former AIG executives and C.V. Starr & Co. The defendants from AIG, …

Too Much

There’s too much business news and too little time these days. Actually, just following AIG can be a full-time job. Since most of you hopefully still have full-time day jobs, it’s possible you missed some of the most recent AIG …

Greenberg Says AIG’s Subprime Splurge Didn’t Happen on His Watch

American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according to Maurice “Hank” Greenberg, who was chief executive officer from …

Declarations

Kneed in Rhode Island “We will work to remedy the issues that have been raised.” —Spokeswoman Linda Shelton of Miriam Hospital in Providence, Rhode Island, commenting on a surgical team that performed arthroscopy on the wrong knee of a patient …

Too Much

There’s too much business news and too little time these days. Actually, just following AIG can be a full-time job. Since most of you hopefully still have full-time day jobs, it’s possible you missed some of the most recent AIG …

Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left

American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according to Maurice “Hank” Greenberg, who was CEO from the late …

Ex-CEO Greenberg Urges AIG to Renegotiate $85B Loan or Perish

Its former chief executive officer, Maurice “Hank” Greenberg, says American International Group (AIG) should renegotiate the terms of the $85 billion loan it has from the federal government or it will end up in liquidation. In a filing with the …

Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left

American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according to Maurice “Hank” Greenberg, who was chief executive officer from …