American International Group Inc. Friday filed a motion for a stay of a court order requiring it to turn over some internal documents to ex-Chief Executive Officer Maurice “Hank” Greenberg. An appeals court ruled earlier this week that Greenberg should …
The former chairman and CEO of the world’s largest insurer initiated a deal that led to five ex-executives being charged in a scheme to manipulate the company’s financial statements, a federal prosecutor said Monday during opening arguments at their trial …
Maurice “Hank” Greenberg, the former chief executive officer of American International Group Inc. who remains a big AIG shareholder, believes there are “opportunities to significantly improve AIG’s performance” and he intends to talk with other investors about pursuing them. Greenberg …
USI, Armitage USI Holdings Corp. has completed the acquisition of Jericho, N.Y.-based Armitage & Co., which sells property/casualty and surety products in the New York metropolitan area. Armitage will be combined with USI’s existing Woodbury, N.Y. location and is expected …
W.R. Berkley, American Mining Insurer Connecticut-based W.R. Berkley Corp. has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in Birmingham, Ala., has specialized …
Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway Group. Republic Insurance Co., a property/casualty insurer, is located in Dallas. …
If terrorism presents some “uncertain” aspects, the subprime lending crisis does so in spades. Financial markets react negatively to uncertainty more than anything else, as no one knows what may happen. Why has a relatively local event – the increasing …
Goldman Sachs Group has enlisted the help of a group of investors that includes insurance executive Maurice “Hank” Greenberg to put $3 billion into one of its hedge funds that has been losing value. Goldman Sachs acknowledged that its Global …
The legal battle between American International Group and Maurice “Hank” Greenberg, AIG’s former chairman and chief executive officer who now heads C.V Starr & Co., Inc., has heated up with the filing of another lawsuit over business between the two …
C.V. Starr & Co. Chairman Maurice “Hank” Greenberg, former head of American International Group and a target of former New York Attorney General Eliot Spitzer’s investigations, believes Spitzer’s probes of him and the insurance industry have achieved nothing. Also, of …
