Aig Stories
AIG CEO sees bailout repayment if economy holds
The chief executive of American International Group Inc told Congress on Wednesday that the bailed-out insurer will repay all its taxpayer aid in three to five years if the economy permits.
AIG CEO to fight criticism of employees: report
American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer's employees on Wednesday and talk about the company's future plans, the Wall Street Journal said.
AIG expects long restructuring process: report
American International Group Inc and the U.S. government expect a multi-year restructuring of the insurer, the Wall Street Journal said, citing an internal AIG memo.
AIG shares up after lower loss but future uncertain
Shares of American International Group rose above $2 for a second day on Friday, on signs Chief Executive Ed Liddy is making progress on stemming the financial bleeding at the insurer rescued by a massive government bailout.
AIG loss narrows, no new bailout plan
American International Group , the giant insurer bailed out by the U.S. government, reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs.
AIG posts $4.35 billion loss in first quarter
American International Group , the insurer bailed out by the U.S. government, reported a $4.35 billion first-quarter loss on Thursday, its sixth-consecutive quarterly loss.
AIG to post $5 billion loss: source
American International Group Inc is expected to post a first-quarter net loss of about $5 billion when it reports results on Thursday, much lower than the record hit it took in the previous quarter, a source familiar with the matter said on Wednesday.
AIG to post first-quarter loss, no new bailout: source
American International Group Inc is expected to post a first-quarter loss on Thursday, but the embattled insurer's results will not trigger a new capital injection from the U.S. government this time, a source familiar with the matter said on Monday.
AIG to post Q1 loss, no new bailout: source
American International Group Inc is expected to post a first-quarter loss on Thursday, but the embattled insurer's results will not trigger a new capital injection from the U.S. government this time, a source familiar with the matter said on Monday.
AIG to post quarterly loss, no new bailout: source
American International Group Inc is expected to post a first-quarter loss on Thursday, but the insurer's results will not trigger a new capital injection from the U.S. government, a source familiar with the matter said on Monday.
AIG nears Japan building sale for $1 billion: source
American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said on Monday.
AIG near sale of Japanese HQ in $1 billion deal: report
American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.
AIG near sale of Japanese headquarters: report
American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.
AIG closes deal for $30 billion in new federal funds
American International Group Inc , which has received more than $150 billion in taxpayer support since last September, has closed a deal to access nearly $30 billion in additional federal funds.
AIG delays proxy filing over board reshuffle: report
American International Group Inc has delayed filing its annual proxy statement as it weighs a potential reshuffle of its board, the Wall Street Journal said, citing a person familiar with the matter.
Zurich to buy AIG auto unit for $1.9 billion
American International Group Inc agreed to sell its U.S. auto insurance business to Zurich Financial Services for $1.9 billion, marking the largest asset sale by the insurer since its September rescue.
AIG may sell U.S. auto unit to Zurich: source
American International Group Inc is close to selling its U.S. auto insurance business to Swiss insurer Zurich Financial Services for roughly $1.5 billion, a source familiar with the matter said on Wednesday.
US Rep asks if AIG used bailout fund for PR
U.S. representative Ed Towns of New York has contacted insurance giant American International Group to express concern about bailout funds being used to fight back against critics of the firm.
Revisiting Executive Pay: The Problem is Systemic
The issue of executive pay has resurfaced again in the wake of questionable AIG bonuses, and exorbitant compensation packages for banking executives. Pundits see the problem largely as a consequence of a lack of independence among boards of directors. They criticize compensation committees for being too cozy with top management – showering them with lavish pay, outsize option packages, and a host...
Action on AIG unit may cost taxpayers: report
The controversy surrounding American International Group Inc's bonuses to employees could make the process of winding down the insurer's financial products unit more costly for taxpayers, the Wall Street Journal cited the unit head Gerry Pasciucco as saying.
AIG aircraft unit seeks $5 billion Fed credit line: report
American International Group Inc's aircraft leasing unit is in talks over a $5 billion credit line from the New York Federal Reserve that could be used to facilitate its sale, the Financial Times reported on its website late on Tuesday.
AIG aircraft unit seeks $5bn Fed credit line: report
American International Group Inc's aircraft leasing unit is in talks over a $5 billion credit line from the New York Federal Reserve that could be used to facilitate its sale, the Financial Times reported on its website late on Tuesday.
Greenberg denies responsibility for AIG failure
Former AIG chief executive testified before a congressional committee on Thursday that when he left the company several years ago, it was still in good financial shape.
AIG completes Two Asset Sales
American International Group Inc said Thursday it has completed the sale for $263 million to Bank of Montreal's BMO Financial Group, according to the reports.
Greenberg spars with lawmakers over AIG mess
Maurice Hank Greenberg, former CEO of American International Group Inc and creator of the AIG unit whose investments triggered the insurance giant's near collapse, portrayed himself as a victim in testimony before a congressional panel on Thursday.
Greenberg and Congress spar over AIG mess
Maurice Greenberg, the former chief executive of American International Group Inc and creator of the doomed unit whose investments triggered its downfall, came under fire from U.S. lawmakers on Thursday who questioned his claims of ignorance.
Greenberg says AIG problems not his fault
Maurice Greenberg said he was not responsible for problems at American International Group since they occurred after he left, the Wall Street Journal reported citing an interview with the former chief of the company.
AIG problems not his fault, says Greenberg
Maurice Greenberg said he was not responsible for problems at American International Group since they occurred after he left, the Wall Street Journal reported citing an interview with the former chief of the company.
AIG problems not his fault, says Greenberg: report
Maurice Greenberg said he was not responsible for problems at American International Group since they occurred after he left, the Wall Street Journal reported citing an interview with the former chief of the company.
Activists seek to oust AIG compensation chief: report
Activist investors are looking to block the re-election of American International Group Inc director James Orr, chairman of the insurer's board's compensation committee, the Wall Street Journal said.