AIG
Hong Kong’s Primus Financial wins AIG Taiwan unit for $2.2 billion
Hong Kong's Primus Financial has won the bidding for AIG's Taiwan insurance unit Nan Shan Life at $2.2 billion, a local newspaper...
AIG dismisses McKinsey as adviser
AIG dismissed consulting firm McKinsey & Co as its restructuring adviser in an effort to cut costs, according to a Bloomberg report, citing two...
AIG explains its debt to the government to face confusions
In response to continuing confusion regarding the amount of assistance AIG has received from the government and the amount it must repay, AIG provides...
AIG paid an additional $900, 000 to the Central Artery Tunnel (CA/T) Project
Today, Massachusetts Attorney General Martha Coakley's Office announced that American International Group (AIG) has paid an additional $900, 000 to the Central Artery Tunnel...
AIG enters into agreement to sell Asset Management business to Bridge Partners
American International Group, Inc. (AIG) today announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners,...
AIG to announce the buyer of its Taiwan Nan Shan Life unit
AIG will likely now announce the buyer of its Taiwan Nan Shan Life unit at the end of September instead of on Friday, a...
AIG chairman Robert Benmoscheed never at a loss for something to say
Some members of insurer AIG's board are concerned about recent strong comments from their new chief executive Robert Benmosche, the Wall Street Journal said...
AIG agrees to settle disputes with Greenberg through arbitration
A judge on Monday dealt a setback to American International Group Inc. in its legal fight with former CEO Maurice "Hank" Greenberg, ruling that...
AIG shares rise up 50% to reach $50.23
Shares of insurance giant American International Group (AIG.N) soared more than 50 percent last week and they now look overpriced, Barron's said in its...
Philippine’s unit of AIG to buy 51% of Ayala Life
The Philippine unit of American International Group (AIG.N) is acquiring 51 percent of smaller rival Ayala Life Assurance Inc for an undisclosed sum, the...
AIG wins dismissal of $1 billion workers comp lawsuit
American International Group Inc (AIG.N) won dismissal of a federal lawsuit accusing the troubled insurer of fraudulently shortchanging state workers' compensation pools out of...
Jay S. Wintrob named President and CEO of AIG Domestic Life And Retirement Services
AIG announced that Jay S. Wintrob has been named President and Chief Executive Officer of Domestic Life and Retirement Services, a new position. Mr....
AIG sued by policyholders over Madoff
AIG was sued on Wednesday by two California residents who said their homeowner insurance policies entitled them to coverage on losses from Bernard Madoff's...
New CEO Robert Benmosche change AIG’s restructuring plan
Robert Benmosche, the newly appointed chief executive of AIG, has started to cut up the insurer's restructuring plan, deciding it is better to hold...
New AIG CEO Robert Benmosche will Get $7M Annual Salary
AIG (American International Group) said Monday that it agreed to pay new Chief Executive Robert Benmosche an annual salary of $7 million. The compensation...
AIG to sell consumer finance operations in Hong Kong
AIG announced that it has entered into an agreement to sell 100 percent of its shares of AIG Finance (Hong Kong) Limited (“AIG Finance”)...
Lehman sues AIG for $9 million in CDS payments
Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap...
AIG Board of directors elects Harvey Golub non-executive chairman of the board
AIG announced that its Board of Directors has elected AIG Director Harvey Golub Non-Executive Chairman of the Board. Mr. Golub will assume his new...
Robert G. Gifford named president and CEO of AIG Global Real Estate
AIG announced that Robert G. Gifford has been named President and Chief Executive Officer of AIG Global Real Estate, the international real estate investment...
William J. Glasgow named chief restructuring officer of AIG Global Real Estate
AIG announced that William J. Glasgow has been named Chief Restructuring Officer of AIG Global Real Estate, the international real estate investment organization.
“Will Glasgow’s...
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