American International Group
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 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. ...
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 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 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...
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...
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