American International Group Inc. “strongly objected” last year when U.S. pay czar Kenneth Feinberg imposed large cuts in the cash salaries of two of its top executives, regulatory filings showed Monday. Feinberg slashed the salaries of David Herzog, chief financial …
American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit line. AIG, which has been selling assets to repay the …
The crumbling empire of American International Group Inc. is helping to pave Wall Street with gold. Auctions of the bailed-out insurer’s assets have generated more than half a billion dollars in fees since its near-collapse in September 2008, with every …
Singapore’s biggest sovereign wealth fund GIC and Qatar Holding LLC have committed to underwrite a significant portion of UK Prudential’s $20 billion rights issue. GIC is an existing shareholder, with a 0.5 percent stake in Prudential, but Qatar does not …
A tax question holding up American International Group Inc.’s sale of its foreign life insurance unit to MetLife Inc. is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said …
The chief executives of Britain’s Prudential Plc and American International Group met employees of the two firms in Southeast Asia on Thursday, in a bid to address concerns about the insurance industry’s record M&A deal unveiled earlier this week. Prudential …
As American International Group Inc. prepares to shed two big units, it looks set to follow the same path as Citigroup Inc. out from under the U.S. government’s wing. The government is likely to follow an exit strategy similar to …
American International Group Inc. agreed to sell its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the …
American International Group, Inc. (AIG) reported a net loss of $8.9 billion for the fourth quarter of 2009, compared to a net loss of $61.7 billion in the fourth quarter of 2008. The company said that net loss in the …
American International Group Inc. is expected to hire Peter Hancock, a KeyCorp vice chairman and financial services veteran, in a newly created role, overseeing finance, risk and investments, according to two sources close to the insurer. AIG, which was propped …
