American International Group Inc., which today reported its first profit since 2007, has named former American Express Co. chief executive Harvey Golub as its non-executive chairman. Golub replaces Edward Liddy, who is resigning as both chairman and chief executive officer …
Shares of battered financial companies including insurer American International Group Inc. and lender CIT Group soared on Wednesday, as investors rushed to buy shares to cover short positions in the companies. AIG shares closed up 62.7 percent on the New …
Troubled insurer American International Group Inc. has chosen former MetLife chief Robert Benmosche as its new CEO, The Wall Street Journal reported, citing people familiar with the matter. The AIG board approved the choice Monday morning, the newspaper said on …
American International Group, Inc. (AIG) confirmed that its board of directors has elected Robert H. Benmosche as president and chief executive officer as previously reported.. Benmosche was also elected a member of the board of directors and will assume his …
Six months after she announced creation of the office, Connecticut Governor M. Jodi Rell has named Barbara Fernandez to lead the state’s Insurance and Financial Services (IFS) Business Development Office. The office was announced in May as an effort to …
First Niagara, Hatch Leonard Naples First Niagara Risk Management Inc., the wholly-owned insurance subsidiary of First Niagara Bank and its parent First Niagara Financial Group in New York Inc. is acquiring Hatch Leonard Naples Inc. the largest insurance agency in …
State Fund Withdraws Plans for Home Office Expansion California’s State Compensation Insurance Fund has announced it has decided to not move forward with the plans for the construction of a new office building adjacent to its headquarters at 1275 Market …
Just one day after Connecticut officials approved the deal, MetLife announced it has completed the acquisition of Citigroup’s Travelers Life & Annuity and substantially all of Citigroup’s international insurance businesses for $11.8 billion. Under the terms of the agreement, Citigroup …
Vowing to boost the state’s status as insurance capital of the world, Connecticut Gov. M. Jodi Rell is creating a special office within her Department of Economic and Community Development dedicated to retaining, creating and attracting insurance and financial services …
MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving history. The revised Safe Driver Insurance Plan will provide …
