American International Group News
Demand for Jury Trial Denied; Ex-AIG Chief Greenberg to Face Judge He Wanted Removed
Former AIG chief Maurice "Hank" Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles ...
AIG Aims to Be Smartest Casualty Insurer, Schimek Says
Innovation and customer focus are central to the strategy of the one of the nation's largest property/casualty insurers, for which being the biggest competitor is not the primary goal, according to ...Former Blackrock Exec Fisher is AIG Director Nominee
American International Group Inc. announced on Thursday that a new director nominee, Peter R. Fisher, will stand for election with the 13 current members of the AIG board at the annual meeting of ...
AIG Launches Bermuda Segregated Accounts Company
In response to strong demand for alternative risk financing programs, particularly from small and midsize companies globally, American International Group Inc. on Friday announced the launch of Grand ...
AIG Appoints Smith COO of Commercial Insurance
American International Group Inc. on Tuesday announced senior leadership changes in its commercial insurance business, naming Michael Smith to the role of chief operating officer. In addition, James ...
Five Insurers Lead P/C Industry to 8th Year of Reserve Takedowns: Fitch
Headline reserve charges for Tower Group, Meadowbrook Insurance Group and QBE Americas in 2013 didn't interrupt an eight-year trend of overall prior-year reserve takedowns for the property/casualty ...
AIG Says NY Probing If ALICO Misled Regulator, Lacked License
American International Group Inc. said regulators in New York are probing whether former subsidiaries lacked proper licenses and provided misleading information. The insurer is responding to requests ...
On the Regulation and the Facts
There was much coverage last month on the fifth anniversary of the collapse of Lehman Brothers, but it was also the fifth anniversary of the U.S. government's intervention in AIG. While the issues at ...