American International Group Inc. and the U.S. government laid out a plan for the insurer to repay its $182.3 billion taxpayer bailout, just over two years after it was rescued from the brink of collapse. The deal, reached after AIG’s …
American International Group Inc. laid out a plan Thursday that sets the insurer on an accelerated path for payback of bailout money, but it also increases the risk for the U.S. government. The plan, which comes a little over two …
American International Group Inc.’s talks with the U.S. Treasury Department over repayment of bailout funds have advanced past initial discussions, a source familiar with the matter said. A possible conversion of the Treasury’s $49 billion preferred stake in AIG into …
American International Group Inc, already a big headache for taxpayers, could leave its shareholders with a migraine. AIG, which is nearly 80 percent owned by the U.S. government, owes taxpayers more than $100 billion. That along with other debt makes …
American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion non-cash goodwill impairment …
American International Group Inc. reported better-than-expected quarterly results Friday and said it had started talks on disentangling itself from the U.S. government, sending its shares up 3.6 percent in premarket trading. The insurer, which is nearly 80 percent-owned by the …
Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock exchange. The abrupt removal of …
American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the insurer’s Asian life unit. “Bob Benmosche has informed the board …
The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA, …
American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar with the situation said Thursday. AIG’s …
