Maurice “Hank” Greenberg News

AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case

The judge overseeing New York’s lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a motion urging him to quit the case. Greenberg sought to have New York State Supreme Court Justice Charles Ramos removed because …

Ex-AIG CEO Greenberg: Judge in New York AG Case Biased

Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is biased. In a court filing, Greenberg said that …

Insurance, Sports Pros Gather at Tri-State Charitable Foundation Dinner

More than 800 insurance professionals from the tri-state area and two All-Star athletes channeled their competitive energies last night to raise $1.1 million for charities. The New York division of the Insurance Industry Charitable Foundation (IICF), which works to combine …

New York Dinner for Insurance Charitable Fund Tops $1 Million

The Insurance Industry Charitable Foundation (IICF) New York division has surpassed the $1 million mark for ticket sales for its 2010 benefit dinner, which will be held Wednesday Dec. 8, 2010, at the Waldorf-Astoria Hotel in New York City. “The …

Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions

A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice …

Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions

A New York judge held former American International Group Inc. CEO Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice Charles …

C.V. Starr Opens Paris Office; Sets Europe Expansion Plans

C.V. Starr & Co has opened its French branch of Starr Underwriting Agents, Ltd. in Paris. The Company also announced the appointment of both Nicolas Berg as Regional Manager Europe, Starr Casualty, and Olivier Decombes as Regional Manager Europe, Starr …

AIG Settlement Covers $60 Million of Ex-CEO, Ex-CFO Costs

Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …

AIG Settles; Agrees to Pay $725 Million to Investors

American International Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds. Ohio Attorney General …

AIG to Pay $725M to Settle Securities Fraud Lawsuit

American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history. AIG, which is nearly 80 percent …