AIG
AIG halting sale of stake in Chartis
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and...
AIG to bailout for two more years
Robert Benmosche, AIG's CEO says to the Financial Times that it will take at least two years for AIG to sell businesses and earn...
AIG’s Asian unit to list in 20 billion dollar IPO
Bailed-out US insurance giant AIG is planning to list its Asian unit in Hong Kong by the second quarter of 2010 in a sale...
US House of Representatives to set up law to monitor the insurance industry
A US House of Representatives committee on Wednesday approved key regulatory legislation intended to curb the harmful economic effects of financial services institutions deemed...
AIG announces plan to list AIA in Hong Kong
Bailed-out US insurance giant AIG said Thursday it had chosen Hong Kong as the venue for a planned listing of its Asian subsidiary AIA.
But...
Primus Financial and China Strategic Holdings in talks with Taiwan regulators for AIG unit
Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. , which American International Group Inc. (AIG) selected to buy its Taiwan life insurance unit...
Equity swap allows AIG to cut 25 billion dollars in Fed debt
Bailed-out US insurance giant AIG said Tuesday it had agreed to provide an equity stake in two subsidiaries to the Federal Reserve in a...
AIG says asset transfer cuts debt by $25 billion
Nationalized US insurance giant AIG said Tuesday it had cut its debt to the Federal Reserve Bank of New York by 25 billion dollars...
Former AIG chief settles legal wrangle with insurance group
Insurance giant AIG said Wednesday it reached a settlement of all legal disputes involving the company and former chairman and chief executive Maurice "Hank"...
AIG board authorises to pay Robert Benmosche’s compensation
AIG, the insurer that received billions of dollars in a U.S. bailout, has been authorised by its board to pay Chief Executive Robert Benmosche's...
U.S. federal officials press Feinberg to relax executive compensation restrictions at AIG for 2010
Federal officials have been urging pay czar Kenneth Feinberg to ease the compensation restrictions at AIG for 2010, according to the Wall Street Journal,...
Taiwan to probe if AIG unit’s buyer violated commitment
Taiwan will probe if the buyer of the local unit of American International Group has violated a long-term investment commitment by speedily selling on...
Taiwan rejects Hong Kong consortium’s bid for AIG unit Nan Shan Life
Taipei has rejected an application by a Hong Kong consortium to buy American International Group's Taiwan unit Nan Shan Life due to insufficient documentation,...
Chinatrust Financial to acquire 30 per cent of Nan Shan
Chinatrust Financial Holding Company said Tuesday it plans to buy a 30 percent stake in Taiwan's Nan Shan Life Insurance Co. for 660 million...
2,000 insurance agents of AIG’s Taiwan unit protest against a proposal to sell the local unit
About 2,000 insurance agents for a local unit of American International Group protested Wednesday against a proposal to sell the company's Taiwan unit to...
AIG reports quarterly profit of $455 million
Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4...
AIG reports $1.4 billion loss net of tax on Nan Shan sale
AIG $2.15 billion sale of its Taiwan life insurance unitwill result in a loss of around $1.4 billion net of taxes that the company...
AIG to pay incentives under U.S Treasury Department pressure
The U.S. Treasury Department is pushing AIG to cut big pay incentives it claims were needed to keep staff, but which have stoked a...
AIG sells Taiwan unit to Primus Financial Holdings for £2.15 billion
AIG said Tuesday it would sell its Taiwan unit for 2.15 billion US dollars as the insurance giant raised money to pay off a...
AIG enters into agreement to sell Nan Shan to consotium led by Primus Financial
AIG today announced an agreement to sell its 97.57% share of Nan Shan Life Insurance Company, Ltd. ...
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