An American International Group Inc.’s board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche’s frustration with the U.S. government’s involvement in the insurer’s affairs, a source familiar with the matter said Thursday.But the board does …
488% The jump in profits for the third quarter reported by Harleysville Group Inc. The insurer saw its third-quarter profits climb to $24.7 million, up from $4.2 million in the year-ago period. Revenue at the insurer rose to $244.3 million, …
Bailed out insurer American International Group Inc’s global property-casualty division, Chartis, has not seen an exodus of employees because of pay limits imposed by Washington, the unit’s chief financial officer said on Thursday. Robert Schimek praised AIG Chief Executive Robert …
American International Group Chief Executive Robert Benmosche said on Wednesday he remains “totally committed” to staying at the company, countering an earlier report that he was considering stepping down. In a letter to employees obtained by Reuters, Benmosche said he …
American International Group Inc.’s tough talking chief executive has reportedly threatened to quit, but the giant insurer, which is showing signs of life after its brush with bankruptcy last year, could do fine without him. Robert Benmosche threatened to quit …
American International Group may be a shadow of its former self but for the second straight quarter it has posted a profit. AIG reported net income of $455 million. Third quarter 2009 adjusted net income was $1.9 billion, compared to …
Private Equity, in Hindsight “It’s turned out that private equity went into the insurance world as it was going down. They seem like they went in at a high number and they’re selling at a low number. So I don’t …
Driving Innovation “Pay as you drive is an innovative way to give California motorists financial rewards for driving less, leading to lower-cost auto insurance, less air pollution and a reduced dependence on foreign oil,” —California Insurance Commissioner Steve Poizner, commenting …
AIG, the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light. In a regulatory filing, …
The U.S. pay czar Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent. Kenneth Feinberg, charged with reworking pay contracts for the 25 highest-paid …
