American International Group News
AIG Investors’ $970.5M Settlement Approved
American International Group Inc. shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity ...
AIG Drawn to Indonesia Shariah Insurance Growth
Indonesia's Islamic insurance industry is expanding three times as fast as Malaysia's, prompting American International Group Inc. and Sun Life Financial Inc. to seek a broader presence in the ...
A.M. Best Affirms AIG P/C Subs Despite Reserve Deficiency
Although A.M. Best says property/casualty insurance loss reserves at American International Group remain deficient, the rating agency affirmed the "A" financial strength rating of AIG's U.S. and ...AIG Announces Restructured Leadership Team
American International Group Inc. announced Thursday that it has restructured its leadership team in order to integrate the company and position it to deliver its full capabilities to AIG's ...
AIG’s Hancock to Get $11.8M Pay Package as CEO
American International Group Inc.'s Peter Hancock will get a compensation package of $11.8 million a year as the insurer's new chief executive officer. The short-term incentive will be $3.2 million ...
Spitzer Must Face Greenberg Defamation Suit, Judge Rules
A defamation lawsuit by former American International Group Inc. Chief Executive Officer Maurice Greenberg against Eliot Spitzer may move toward trial, a state judge ruled after throwing out many of ...
AIG Launches Global Commercial Property Cover for Midsize Businesses
American International Group on Wednesday announced the launch of a new line of multinational commercial property products and services for midsize businesses confronting global risk exposures, ...
Hancock Replacing Benmosche as CEO Sept. 1; Taking First Board Role
When Peter Hancock spoke at the Professional Liability Underwriting Society D&O Symposium in February 2012, he may not have foreseen yesterday's announcement that he would ascend to the highest ...