AIG Chief Executive Robert Benmosche has moved to assure employees that recently appointed U.S. pay czar Kenneth Feinberg will not attempt to claw back compensation. “It is important that all of you know that the Special Master’s jurisdiction is quite …
Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday. …
Insurer American International Group Inc.’s once-desperate financial state has started to stabilize, a government agency said Monday, as an influential lawmaker said he would look at easing the terms of the insurer’s federal bailout once more. AIG’s shares shot up, …
Proud, Not Embarrassed “We are absolutely not embarrassed. In fact, we’re very proud of the success that Pinnacol has realized for the state of Colorado. We are very proud that we have a very viable, stable, competitive system in Colorado.” …
Bailed-out insurer AIG told its new chief executive Robert Benmosche that he could not use the company-owned jet for his personal use, Bloomberg News reported. Citing unnamed sources, Bloomberg said AIG’s board told Benmosche he would only be able to …
American International Group Inc. may sell stakes in its businesses, rather than shedding entire units, to repay U.S. government bailouts, retaining huge tax benefits, according to a source familiar with the matter. The strategy differs from what AIG CEO Robert …
American International Group Inc agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li’s Pacific Century Group for about $500 million, in the first major asset sale under the watch of its new …
Rebuilding Remotely “People criticize me for being on vacation. I actually started work a week before I was actually supposed to. I do have conference calls every day, I have all my information sent here. I can work here as …
CNA Financial Corp. named Bob Lindemann as president and chief operating officer of CNA’s Commercial Lines operations. In this role, Lindemann will be responsible for CNA’s $3.5 billion commercial property/casualty business, which is now comprised of Business Insurance, serving smaller …
AIG’s new CEO, Robert Benmosche, has sparked just about as many headlines as one executive can in the past few weeks — and all while on holiday at his villa in Croatia looking over the Adriatic. He has been unusually …
