Aig Stories
AIG CEO says regrets sharp criticism of Cuomo
Robert Benmosche, the new CEO of American International Group Inc, said he regrets tough comments he made about New York's attorney general, saying he was trying to bolster a demoralized AIG work force.
AIG, Greenberg, Smith agree to arbitrate disputes
American International Group Inc, former CEO Maurice Hank Greenberg and former CFO Howard Smith said on Monday they have agreed to resolve their various legal disputes in private arbitration.
U.S. judge rules against AIG in Starr case
A U.S. judge on Monday ruled against American International Group in the giant insurer's legal battle with Starr International Co, affirming a July jury verdict that Starr did not breach a trust.
AIG shares look overpriced: Barron's
Shares of insurance giant American International Group soared more than 50 percent last week and they now look overpriced, Barron's said in its August 31 edition.
AIG weighing many options for ILFC: sources
American International Group Inc and Steven Udvar-Hazy, head of its International Lease Finance Corp unit, are weighing several options for the aircraft leasing business, including breaking up the company, two sources familiar with the matter said on Saturday.
AIG paused auction of aircraft leasing firm - source
Insurance giant American International Group has paused the auction of its aircraft leasing firm, International Lease Finance Corp. (ILFC), as its new CEO reviews the divestiture process, a source familiar with the situation said on Friday.
AIG shares soar as Greenberg set to help new CEO
Shares of insurance giant American International Group Inc rose as much as 33, buoyed by the company's improving relations with former long-time CEO Maurice Hank Greenberg.
AIG shares soar 30 percent on CEO comments
(Reuters.com) -- Shares in American International Group soared 30 percent on Thursday after new Chief Executive Officer Robert Benmosche told Reuters he did not favor a fire sale of the bailed-out insurer's assets and that in a year people will say AIG is performing well.
Wall St dips as oil and tech drag, but AIG soars
U.S. stocks slipped on Thursday, with energy shares falling alongside oil prices as investors tapped the brakes on an August rally that has taken the market to 10-month highs.
EXCLUSIVE: AIG CEO defends holiday, slams lynch mob attacks
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc says he's getting a lot of work done from his massive villa overlooking the Adriatic.
Feinberg to formally approve AIG CEO pay next week: report
The $10.5 million pay package for American International Group Inc's new chief executive Robert Benmosche will likely be approved formally by the U.S. government's compensation czar Kenneth Feinberg next week, the Wall Street Journal said, citing people familiar with the matter.
AIG directors want shareholder lawsuit dismissed
NEW YORK - Sixteen one-time American International Group Inc (AIG.N) outside directors asked a federal judge to dismiss a shareholder lawsuit accusing them of ignoring red flags that brought the insurer to the brink of collapse and led to $180 billion of federal bailouts.
Primus confident of bid for AIG unit
Primus Financial Holdings is very confident it will get approval from Taiwan's regulators for its bid to buy AIG's Taiwan insurance unit, a top executive from the investment firm said on Tuesday.
Fed loss on Bear Stearns, AIG loans shrinks a bit
The Federal Reserve on Friday lifted an estimate of the value of Bear Stearns and American International Group assets used to secure their rescue last year, potentially reducing losses to U.S. taxpayers.
AIG wins dismissal of $1 billion workers comp lawsuit
American International Group Inc won dismissal of a federal lawsuit accusing the troubled insurer of fraudulently shortchanging state workers' compensation pools out of more than $1 billion.
New AIG CEO says expects to repay taxpayers: report
Robert Benmosche, the newly appointed chief executive officer of American International Group Inc , says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders, according to a report by Bloomberg News.
AIG sued by policyholders hurt by Madoff fraud
American International Group Inc was sued on Wednesday by two California residents who said their homeowner insurance policies entitled them to coverage on losses from Bernard Madoff's Ponzi scheme.
Taiwan's Chinatrust may drop bid for AIG's Nan Shan
AIG'sTaiwan unit Nan Shan Life must settle a pay dispute with employees before a new owner can be allowed in, the island's financial regulator said on Wednesday, potentially disrupting its ongoing sale.
Daily Wrap Up - August 18
Bing Creeping Up; Hedge Funds Soar; AIG's New Direction
AIG awards new CEO $7 million annual salary
American International Group Inc , the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million.
Ex-AIG CEO, others to pay $115 million to settle lawsuit: source
Former AIG chief executive, Maurice Hank Greenberg, and five other defendants, have agreed to pay $115 million to settle a shareholder lawsuit, according to a person familiar with the matter.
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 protection it bought from the insurer on companies including General Motors and Washington Mutual.
AIG to sell HK consumer finance, India IT units
American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units.
AIG shares extend gains after profit
Shares of AIG, the beneficiary of a $180 billion U.S. government bailout, rose as much as 10 percent on Monday morning, extending strong gains last week, as the insurer returned to a profit in the second quarter, ending a six-quarter run of losses.
AIG posts first profit since 2007; shares jump
AIG, the giant insurer bailed out by the U.S. government, posted its first profit in seven quarters on Friday, helped by large investment gains as financial markets improved, sending its shares up 20 percent.
AIG shares jump after posting profit
AIG, the giant insurer bailed out by the U.S. government, posted its first profit in seven quarters on Friday, helped by large investment gains as financial markets improved, sending its shares up 18 percent.
AIG posts first profit in 7 quarters
American International Group Inc , the insurer that received about $180 billion of federal bailouts, posted its first profit in seven quarters and shares rose 9 percent.
AIG posts first quarterly profit since 2007
American International Group Inc , the insurer that received $180 billion of federal bailouts, posted its first profit in seven quarters on Friday, helped by investment gains, sending its shares up 20 percent in premarket trade.
AIG posts first profit in seven quarters
American International Group Inc , the insurer that received $180 billion of federal bailouts, posted its first profit in seven quarters on Friday, sending its shares up 9 percent in premarket trade.
Ex-AIG CEO Greenberg pays $15 million to settle with SEC
AIG's former CEO Maurice Hank Greenberg agreed to pay $15 million to settle government accusations that he altered AIG's financial records to inflate its earnings between 2000 and 2005, U.S. securities regulators said on Thursday.