Aig Stories
MetLife to stop selling Long-Term Care Insurance
MetLife Inc., the largest life insurer in the U.S., said it plans to discontinue the sale of new Long-Term Care Insurance (LTCI) coverage next year, citing ongoing financial challenges facing the LTCI industry.
AIG sale of Taiwan unit on brink of collapse
Bailed-out insurer American International Group faced the prospect of finding another buyer for its Taiwan unit after regulators threw out its proposed $2.2 billion sale to a Chinese company.
Taiwan regulator rejects AIG unit sale
Taiwan regulators rejected AIG's planned $2.2 billion sale of its Taiwan unit to a China-related group, citing regulations on mainland investment, and leaving the insurer facing another auction.
Taiwan savior says lining up AIG unit bid
A former Taiwanese diplomat who says he wants to save American International Group's Taiwan unit from being bought by a Chinese firm is lining up a $2.5 billion bid with Japanese and Middle Eastern money.
AIG insurers cover $60 million of ex-CEO, ex-CFO costs
Former longtime AIG chief Maurice Hank Greenberg and another former executive will get $60 million from the company's insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show.
AIG decides against strategic investor for AIA - source
American International Group Inc has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the process said on Friday.
AIG decides against strategic investor for AIA: source
American International Group Inc has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the process said on Friday.
AIG talking to big investors on AIA IPO: sources
American International Group Inc has started talks with potential investors to sell stakes in its Asian life insurance business AIA ahead of AIA's planned IPO, sources with direct knowledge of the matter said.
Fortress to buy most of AIG consumer finance unit
American International Group Inc is selling most of its consumer finance unit to hedge fund and private equity firm Fortress Investment Group at a deep discount and taking a $1.9 billion pretax loss due to the sale.
AIG tops view, starts talks on government exit
American International Group Inc Chief Executive Robert Benmosche is hoping this is the beginning of the end for the insurer's massive taxpayer bailout.
AIG starts talks on govt exit, tops Street view
American International Group Inc's quarterly results topped Wall Street's expectations on Friday, and the chief executive said the insurer is actively looking to repay its enormous taxpayer bailout.
AIG beats Street and starts talks on govt exit
American International Group Inc's quarterly results topped Wall Street's expectations on Friday, and the insurer said it had started talks on repaying one of the biggest U.S. taxpayer bailouts.
AIG tops view and starts talks on govt exit
American International Group Inc reported better-than-expected quarterly results on Friday and said it had started talks on disentangling itself from the U.S. government.
AIG results top view, starts talks on govt exit
American International Group Inc reported better-than-expected quarterly results on Friday and said it had started talks on disentangling itself from the U.S. government, sending its shares up 3.6 percent in premarket trading.
AIG posts quarterly loss on goodwill charge
American International Group Inc reported a quarterly loss on Friday after a year-ago profit as the bailed-out insurer was hurt by a large goodwill impairment charge.
Goldman defends its collateral calls to AIG
Goldman Sachs said that it believed its trades with bailed-out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market.
Goldman coughs up counterparties on AIG hedge
Morgan Stanley , Citigroup and JPMorgan Chase were among banks that sold Goldman Sachs protection against the risk of a collapse of giant insurer American International Group , a source familiar with the matter said on Friday.
Goldman gives AIG hedging list to investigators: report
Goldman Sachs Group Inc told U.S. investigators which counterparties it used to hedge the risk that American International Group Inc would fail, Bloomberg said, citing three people with knowledge of the matter.
AIG set to name Deutsche,Goldman, Morgan for AIA IPO: sources
American International Group Inc is set to appoint Deutsche Bank AG, Goldman Sachs Group Inc and Morgan Stanley as joint global coordinators for the planned initial public offering of its Asian life insurance business, AIA, sources with knowledge of the matter told Reuters on Wednesday.
Benmosche tightens grip on AIG with new AIA boss
American International Group named former Prudential plc chief executive and experienced Asia hand Mark Tucker as the head of its Asian life insurance business, AIA, ahead of an expected $15 billion AIA IPO.
AIG names ex-Pru CEO Tucker AIA boss and revives AIA IPO
Bailed-out insurer American International Group Inc named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, replacing existing boss Mark Wilson.
AIG to name ex-Pru CEO to head AIA unit: source
American International Group Inc is expected to name former Prudential Plc Chief Executive Mark Tucker as head of AIA, as it prepares the Asian life insurance unit for an initial public offering, a source familiar with the matter said on Sunday.
AIG to pay $725 million to settle fraud case
American International Group Inc agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history.
AIG agrees to pay $725 million to settle lawsuit
American International Group Inc agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, Ohio Attorney General Richard Cordray said on Friday.
Citigroup and AIG classified certain repos as sales
Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed.
AIG names Miller chairman, Golub resigns
American International Group Inc named director Robert Steve Miller as its new chairman, replacing Harvey Golub who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the insurer's Asian life unit.
Fairholme takes MBIA stake, ups AIG holding
Shares of bond insurer MBIA Inc and bailed-out insurer American International Group Inc soared on Tuesday after Bruce Berkowitz's Fairholme Capital Management disclosed new stakes in the companies.
AIG board meet may set ball rolling on AIA IPO: sources
The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday.
AIG board to meet to consider AIA's future: sources
The board of American International Group Inc is expected to meet this week to consider the future of the insurer's Asian life business, AIA, sources with knowledge of the matter told Reuters.
AIG can proceed with workers comp lawsuit vs rivals
A Chicago federal judge has authorized American International Group Inc to pursue a lawsuit accusing rival insurers of illegally conspiring to cause it harm in the workers' compensation market.