American International Group Inc

United Guaranty, Mortgage Insurer of AIG Files For IPO With NYSE

AIG has announced in January planning for spinning off its mortgage insurer unit United Guaranty, following pressure from the shareholders. Following the announcement, Standard & Poor’s, a credit rating agency has downgraded its rating with specific reasoning. The mortgage insurer of AIG has disclosed through a regulatory filing that it intends to go for an initial public offering.

Read Full Article

MetLife Approaches With Breakup Plan Since Washington Court Declares SIFI Label Unlawful

MetLife has announced in January planning for selling large portion of its US insurance unit. But the move has been suspended following imposition of designation as SIFI by FSOC. However, the FSOC move has been declared unlawful by a Washington court which paves the way for MetLife to go with its breakup planning.

Read Full Article

MetLife profit drops 43% on weaker investment yield, tax hit

MetLife Inc suffered 43 percent drop in profit for the third quarter due to bleak investment results and tax costs associated with the UK subsidiary which impacted the financial performance of the largest life insurer in the US.

Read Full Article

Warren Buffett denies that Berkshire Hathaway 'too big to fail'

Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight.

Read Full Article

U.S. insurer MetLife to sue regulators over high-risk tag

MetLife Inc (MET.N) on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits.

Read Full Article

Six years after AIG bailout, trial asks: was it legal?

One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc (AIG.N) was, in fact, legal.

Read Full Article

AIG nears deal to sell ILFC to AerCap Holdings

Sources said that American International Group is close to a deal to make its exit from International Lease Finance Corp. to Netherlands' AerCap Holdings NV. Under the deal, AIG will reportedly receive $3 billion in cash and $2.4 billion in stock.

Read Full Article

Top deals of the day - bid, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Friday including ITC Holdings, Dave & Buster, Time Warner Cable, Banca Etruria, Cube Capital, Cargolux, Simon Property and Versace.

Read Full Article

Bidders in negotiations to add more partners to AIG's ILFC buyout - sources

Sources who were familiar with the proceedings said the bidding group who planned to buy the aircraft-leasing unit of American International Group Inc would be welcoming Chinese financier Xiao Jianhua and Taiwanese tycoon Richard Tsai as its additional partners.

Read Full Article

AIG under fire for ALICO, DelAm sale to MetLife

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.

Read Full Article

AIG resumes talks with Chinese group for sale of leasing unit

AIG announced that they are resuming talks with a Chinese group regarding the sale of its aircraft leasing unit.

Read Full Article

AIG to pursue ILFC IPO after China deal stalled

American International Group Inc is looking to pursue an IPO for its subsidiary unit after the sale to a Chinese group stalled.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics