Aig Stories
AIG gets new directors at subdued annual meeting
American International Group Inc got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer's $180 billion taxpayer bailout.
AIG says risk declining, new CEO likely soon
American International Group Inc's chief executive said the government may never relinquish its 79.9 percent stake in the insurer, which has been rescued by $180 billion of federal bailouts.
AIG says risk declining
American International Group Inc , the insurer rescued by $180 billion of federal bailouts, on Tuesday expressed optimism it will be able to repay government loans as it tries to rebound from punishing losses tied to derivatives.
AIG shareholders to elect new directors at meeting
American International Group Inc , the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board on Tuesday when a new slate of directors stands for election at its annual meeting.
AIG to repay $25 billion U.S. debt with unit stakes
The federal government has agreed to accept $25 billion of preferred stock in two American International Group Inc businesses as partial repayment of debt, the company said on Thursday.
AIG to spin off two units, cut government debt
American International Group Inc , which received $180 billion of taxpayer bailouts, said it will give the government stakes in two big life insurance units that it plans to spin off.
AIG's efforts to sell broker-dealer business in doubt: report
American International Group Inc's plans to sell its broker-dealer business, AIG Advisor Group, are facing hurdles, the New York Post said.
Sale of AIG broker-dealer business in doubt -NY Post
American International Group Inc's plans to sell its broker-dealer business, AIG Advisor Group, are facing hurdles, the New York Post said.
AIG to sell NY buildings for $150 mln-source
American International Group Inc agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said.
U.S. states seek to join feds in AIG bonus probe
U.S. states probing employee bonuses paid by American International Group Inc using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves.
Eleven states ask TARP chief for AIG bonus probe
Eleven U.S. states on Friday called for a deeper probe into the $165 million of bonuses that American International Group Inc awarded employees in a unit whose losses led to a federal bailout of the insurer.
Berkshire's Gen Re, Marsh win AIG suit dismissal
Berkshire Hathaway Inc's General Re Corp and other companies have won dismissal of lawsuit accusing them of helping American International Group Inc defraud investors.
AIG worried about retirement bonus plan: Greenberg
American International Group Inc had questioned for years a retirement bonus plan for top managers because it was funded by a private company at no cost to AIG and that may have violated good governance standards, AIG's former CEO Maurice Hank Greenberg testified on Thursday.
Ex-CEO Greenberg says AIG wanted to drop comp plan
A rift between AIG and Maurice Hank Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told a federal jury on Thursday.
AIG picks Deutsche, Morgan for joint AIA IPO role
Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as its joint global coordinators for a more than $4 billion IPO of its Asian life insurance unit, sources said on Thursday.
Ex-CEO Greenberg denies fiduciary duty in AIG trial
Maurice Hank Greenberg, former chief executive of insurer AIG, testified before a federal jury on Tuesday that he did not have a fiduciary duty to fund an AIG compensation plan.
Greenberg testifies in trial of AIG lawsuit
Maurice Hank Greenberg, former chief executive of insurer AIG, avoided direct answers in court testimony on Tuesday about a large block of AIG stock given decades ago to a private company he runs.
AIG to use any winnings in trial to repay taxpayers
AIG, days before a high-profile legal fight with a company controlled by former CEO Maurice Greenberg heads to court, promised to use any funds won at trial to repay U.S. taxpayers.
U.S. to unveil TARP pay rules by week's end: official
The Obama administration will unveil executive pay rules for firms receiving government aid by the end of the week and will name a pay czar with power to reject compensation plans at firms getting exceptional assistance, an administration official said late on Tuesday.
AIG to sell Argentina consumer finance operations
American International Group Inc said on Tuesday it agreed to sell its consumer finance operations in Argentina to Banco de Galicia y Buenos Aires and an investment group arranged by Grupo Pegasus.
AIG CEO Liddy to step down
American International Group Inc said on Thursday that Chief Executive Edward Liddy plans to step down, signaling the end to a short and tumultuous tenure running the government-rescued insurer.
AIG says CEO Liddy to step down
American International Group Inc said on Thursday that Edward Liddy, its chief executive, plans to step down, signaling the end to a short and tumultuous tenure running the bailed-out insurer.
AIG Chairman and CEO Edward Liddy plans to Step Down
American International Group Inc. announced today that chairman and chief executive officer, Edward M. Liddy, plans to step down when a search for replacements is complete for these two positions which will be split.
AIG says CEO Liddy to step down once successor found
American International Group Inc said on Thursday that its Chief Executive and Chairman Edward Liddy would step down as soon as a successor is found to take over running the bailed out insurer.
AIG unveils candidates to revamp board
American International Group, Inc, under government pressure to revamp its board with a majority of new independent directors, announced on Tuesday six nominees who will be voted on by shareholders at the company’s annual meeting on June 30.
AIG investors to get $843 million: SEC
A federal court has approved the distribution of more than $843 million to harmed investors at insurer American International Group , the U.S. Securities and Exchange Commission said on Tuesday.
AIG launches IPO process for Asia crown jewel
AIG is to speed up plans to list its Asian subsidiary through an IPO that could raise more than $4 billion, as the bailed-out U.S. insurer seeks to raise cash to pay back government loans.
AIG to launch IPO for Asia crown jewel
AIG said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible.
AIG to seek seek Asian IPO for AIA
American International Group Inc said on Sunday it would accelerate plans to separate its Asian subsidiary through an initial public offering.
AIG CEO tries to soothe Congress on bailout repay
The CEO of AIG tried to reassure the U.S. Congress on Wednesday that the bailed-out insurer will be able to repay taxpayer aid within three to five years if the economy permits.