24/10/2014 03:07:54 Free Membership Login

American International News (NYSE:AIG)

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10/10/20147:18PMDJNBernanke Takes a Harder Line at Trial -- Update 1
By Damian Paletta And Leslie Scism WASHINGTON--Former Federal Reserve Chairman Ben Bernanke took the offensive in federal court, as he wrapped up a week that peeled back the curtain on the chaos that consumed Washington and Wall Street in the fall of 2008 during the throes of the financial crisis. Mr. Bernanke's testimony... More...>>
10/10/20142:50PMDJNBernanke: Government Wanted to Save AIG, Not Punish It -- Update
By Damian Paletta And Leslie Scism WASHINGTON--Former Federal Reserve Chairman Ben S. Bernanke became more animated in federal court on Friday, pushing back against assertions that the government's 2008 rescue of American International Group Inc. was designed to punish the company and describing at length the central bank's... More...>>
10/09/201411:17AMBWA.M. Best Withdraws Ratings of Chartis Excess Limited
A.M. Best has withdrawn the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Chartis Excess Limited (CEL) (Ireland). All insurance liabilities have been transferred to other entities within American International Group, Inc. (AIG) (New York, NY) [NYSE:AIG]. In addition, the Central... More...>>
10/09/20149:00AMBWAIG Provides Expanded $1 Billion Casualty Capacity for North American Rail Companies
American International Group, Inc. (AIG) today announced that it has expanded excess casualty liability limits for Class 1 railroads in the U.S. and Canada to $1 billion per occurrence. This coverage for catastrophe losses would be in excess of $1.5 billion in underlying limits, and is one of the largest capacities offered... More...>>
10/06/20144:15PMBWAIG to Report Third Quarter 2014 Results on November 3, 2014
American International Group, Inc. (NYSE: AIG) will report financial results for the third quarter ended September 30, 2014, after the market closes on Monday, November 3, 2014. AIG’s Quarterly Report on Form 10-Q, press release, and financial supplement will be available in the Investors section of AIG’s website at... More...>>
09/30/20145:26PMDJNFed Seeks More Data From Insurance Companies on Postcrisis Rules
By Victoria McGrane WASHINGTON--The Federal Reserve said Tuesday it is seeking more data from insurance companies it oversees on how new postcrisis capital rules could affect those firms. The Fed sent the voluntary request to about 20 firms, a group that includes both insurance companies organized as savings and loan holding... More...>>
09/28/20146:23PMDJNHank Greenberg Challenges AIG Bailout
By Leslie Scism Maurice R. "Hank" Greenberg built American International Group Inc. into a global financial-services powerhouse during nearly 40 years at its helm. But as the firm in 2008 neared collapse, three years after his departure, he couldn't get calls, emails or faxes returned as he tried to offer his help, people... More...>>
09/26/20144:10PMBWAIG to Redeem 8.250% Notes Due 2018
American International Group, Inc. (NYSE: AIG) today announced that it will redeem all of its outstanding 8.250% Notes Due 2018 (CUSIP Nos. 026874BT3, 026874BU0 and U02687CB2) (the “Notes”) on October 27, 2014 (the “Redemption Date”). On the Redemption Date, AIG will pay to the registered holders of the Notes a... More...>>
09/19/20149:43AMDJNU.S. Hot Stocks: Hot Stocks to Watch
Among the companies with shares expected to actively trade in Friday's session are Alibaba Group Holding Ltd. (BABA), Home Depot Inc. (HD) and ITT Educational Services Inc. (ESI). Alibaba will list on the New York Stock Exchange Friday. The Chinese company's shares priced Thursday at $68 apiece, putting it on track for... More...>>
09/18/20144:29PMBWAIG Announces Leadership Team
Peter D. Hancock, President and Chief Executive Officer of American International Group, Inc. (NYSE: AIG), announced today the new leadership structure for the company, which is designed to integrate the company and position it to deliver the full capabilities of AIG to its approximately 90 million clients around the world... More...>>
09/18/20144:28PMBWJay Wintrob and Michael Cowan to Retire from AIG
American International Group, Inc. (NYSE:AIG) announced today that Jay S. Wintrob, President and Chief Executive Officer of AIG Life & Retirement, is leaving the company after over 25 years to pursue other opportunities. AIG also announced that Michael R. Cowan, Executive Vice President and Chief Administrative Officer... More...>>
09/15/20141:00PMBWAIG Names Philip Fasano Chief Information Officer
American International Group, Inc. (NYSE:AIG) announced today that it has named Philip Fasano to the newly created role of Executive Vice President and Chief Information Officer. Mr. Fasano, who will join AIG in October, will report to AIG President and Chief Executive Officer, Peter D. Hancock. Mr. Fasano joins AIG from... More...>>
09/11/20149:07AMBWAIG to Webcast 2014 Tokyo Investor Day
American International Group, Inc. (NYSE:AIG) will present an overview of its Consumer Insurance and Japanese businesses at its investor day in Tokyo, Japan on September 17, 2014 at 1:30 p.m. JST (12:30 a.m. EST). A link to the audio webcast and the presentation materials will be available in the Investors section of AIG's... More...>>
09/03/20142:45PMBWUnited Guaranty’s SecureCert MI Program Provides Maximum Rescission Relief
New post-close review options build on pioneering CoverEdge rescission relief product introduced by United Guaranty in 2011. Mortgage insurance (MI) industry leader United Guaranty has introduced SecureCert,SM a suite of five options that allow lenders to choose the maximum rescission relief1 available in the MI industry—at... More...>>
09/01/20148:00AMBWPeter D. Hancock Assumes Role as AIG President and Chief Executive Officer
American International Group, Inc. (NYSE:AIG) today announced that, in accordance with the company’s succession plan, previously disclosed on June 10, 2014, Peter D. Hancock has assumed the role of President and Chief Executive Officer of AIG, and has joined AIG’s Board of Directors. Mr. Hancock succeeds Robert H... More...>>
08/28/20142:08PMDJNBenmosche Sped Up AIG Exit After Cancer Prognosis -Bloomberg
Robert Benmosche is stepping down as chief executive officer of American International Group (AIG) after five years at the helm and told Bloomberg TV in an interview Thursday that he speeded up his decision after learning that a cancer prognosis gave him less than a year to live. "I knew that the cancer had begun massive... More...>>
08/26/20143:40PMBWAIG Releases 2013 Corporate Citizenship Report
American International Group, Inc. (NYSE:AIG) today announced the release of its 2013 Corporate Citizenship Report, which showcases the company’s governance, environmental, and social performance, as well as its commitment to long-term sustainability. In the report’s opening letter, Robert H. Benmosche, AIG President... More...>>
08/18/20149:00AMBWAIG Announces QoL Performer Plus(SM)
Quality of Life…Insurance® offers protection, accumulation potential and optionality American International Group, Inc. (NYSE: AIG) today announced the launch of QoL Performer PlusSM, affordable universal life insurance that can provide a guaranteed death benefit up to age 80. The product also offers the opportunity... More...>>
08/14/201411:50AMDJNBuffett, Greenberg Target Insurance in Asia
By Enda Curran HONG KONG--Two octogenarian insurance magnates are making bets on Asia. Warren Buffett's Berkshire Hathaway Inc. and Maurice "Hank" Greenberg's Starr Cos. are quietly expanding their operations, hoping to capitalize on a fast-growing market that they believe is underserved by existing insurers. In recent... More...>>
08/06/20141:28AMBWAIG Agrees to Acquire Leading UK Life Protection Carrier Ageas Protect from Ageas Group
American International Group, Inc. (NYSE:AIG) today announced that it has agreed to acquire Ageas Protect Limited from Ageas Group, the Belgium-based international insurer. Total transaction consideration is £181 million (approximately USD $305 million), subject to closing adjustments. The transaction is expected to close... More...>>


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