Max Capital Group’s deal to merge with rival IPC Holdings offers shareholders a better long-term deal than an unsolicited offer from Validus Holdings, Chief Executive Marston Becker said Thursday. Max’s deal is richer on a book-value basis, even though Validus’ …
The chairman of a U.S. House oversight panel said Wednesday he will soon call the chief executive of American International Group Inc. to testify, amid the committee’s ongoing probe of the fall of the insurance giant. Democratic Rep. Edolphus Towns, …
Maurice “Hank” Greenberg, former CEO of American International Group Inc. and creator of the AIG unit whose investments triggered the insurance giants’s near collapse, portrayed himself as a victim in testimony before a congressional panel Thursday. Some lawmakers questioned his …
The former chief financial officer at a unit of Berkshire Hathaway Inc. was sentenced to 18 months in prison Thursday for her role in a scheme to manipulate American International Group Inc.’s financial statements. Elizabeth Monrad, who was finance chief …
A lawsuit filed on behalf of shareholders of American International Group Inc. is demanding company executives return millions of dollars in bonuses, dividends and other perks. The lawsuit, which seeks class-action status, also seeks unspecified damages as well as the …
Edmund Tse, the top American International Group Inc. executive in Asia, is retiring, the troubled insurer said on Friday. Tse, who is in his early 70s, has worked at AIG since 1961, and was once considered a top candidate to …
AIG senior reinsurance executive Charles Dangelo has left the insurer to join a company run by its former CEO Maurice “Hank” Greenberg. Dangelo joins the growing number of executives who have left American International Group Inc. since the insurer was …
Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently ran amok could cause greater damage to his …
A federal judge has rejected a bid to dismiss one of three remaining claims brought by AIG in a court battle against Starr International Co., a company controlled by former AIG Chief Executive Maurice “Hank” Greenberg, over rightful ownership of …
Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently ran amok could cause greater damage to his …
