Bailed-out insurer American International Group (AIG) returned to the debt market Tuesday after more than a two-year absence, part of its strategy to raise capital as it works on various deals to pay back the government. AIG had said earlier …
AIA Group Ltd, the recently spun off Asia life insurance arm of American International Group <AIG.N>, has lost another key executive with the resignation of its human resources head Margret Chiu, a spokeswoman told Reuters on Tuesday. Chiu, an executive …
The AIA Group has lost a key official less than three weeks after its parent American International Group raised $20.5 billion in an initial public offering (IPO) of the unit. Chris Wei, AIA’s chief marketing officer, had resigned, an AIA …
Settlement Scramble “A lot of people appear to be making a last minute decision. It’s like tax day… there is going to be a lot of last minute wrangling.” —Paul Napoli, a leader of the legal team representing most of …
American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and goodwill charges …
Garden Variety Fraud “Consumers should know that in addition to being wide-spread, insurance fraud also affects a wide-spread group of people: everyone.” —New Jersey Insurance Commissioner Tom Considine, commenting on the launch of a new unit within the Department of …
American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge. AIG said Monday that …
American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing “aggressive chemotherapy.” …
Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy. AIG said Benmosche intends to work a full schedule during his treatment, but it is also making contingency plans. Following …
AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of …
