American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped by more than 70%
American International Group Inc (AIG.N) Chairman Robert "Steve" Miller intends to step down in July after five years in the role, the Wall Street Journal reported.
American International Group Inc (AIG.N) reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results.
Insurer American International Group (AIG.N) on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations.
The problems of Britian-based insurer RSA is a reminder that politicians, regulators and the general public should also put the spotlight on insurance companies and not just banks.
US insurer AIG said it will be selling International Lease Finance Corp to Netherlands-based AerCap Holdings for $5 billion, Bloomberg reported. The deal will be for cash and shares.
The New York Department of Financial Services and the Manhattan District Attorney's Office are conducting inquiries and may subject both AIG and MetLife to fines.
The settlement paid out to investors for the collusion between Gen Re and AIG was already approved by US District Judge Deborah Batts.
AIG has sought to divest its ownership of ILFC through a sale or if there is none agreed on, through an IPO.
American International Group Inc. (AIG) would get a hefty USD905 million settlement from Brookfield Asset Management to resolve a dispute tied to interest rate swaps.
AIG announced that they are resuming talks with a Chinese group regarding the sale of its aircraft leasing unit.
The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
AIG's International Lease Finance Corp would do an IPO or sell of its assets to a Chinese group.
American International Group Inc. (AIG) gets missed payments from a buyer group in China.
AIG, GE Capital and Prudential Financial confirm receipt of notification for regulatory oversight.