These daily news stories and weekly magazine articles, listed in reverse chronological order, follow the American International Group story as covered online at BusinessInsurance.com and in Business Insurance magazine.

Taiwan conditionally approves AIG unit sale

Published June 9, 2011

TAIPEI, Taiwan (Reuters)—Taiwan's financial regulator gave conditional approval to AIG's $2.2 billion sale of its Nan Shan Life insurance unit on Thursday, bringing the bailed-out insurer closer than ever to wrapping up one of its most tortured asset sales...more

AIG share sale raises $8.7 billion

Published May 24, 2011

NEW YORK (Reuters)—American International Group Inc. priced shares in its share sale at $29 each, according to a source familiar with the situation...more

Taiwan to review AIG unit sale; sees smooth relations

Published April 26, 2011

TAIPEI, Taiwan (Reuters)—Taiwan's insurance industry regulator will "soon" review the extra paperwork submitted by the buyer group of American International Group Inc.'s Taiwan unit and sees smooth communications with the U.S. insurer...more

AIG sells rail services unit

Published April 19, 2011

NEW YORK—American International Group Inc. says an affiliate of Perella Weinberg Partners will acquire AIG Rail Services Inc., which provides services to the railroad leasing marketplace...more

AIG asset sales weaken insurer, ex-CEO Greenberg says

Published January 12, 2011

NEW YORK (Bloomberg)—American International Group Inc., the insurer repaying a U.S. bailout, is getting weaker as it sells assets such as Nan Shan Life Insurance Co., former CEO Maurice R. Greenberg said...more

AIG to sell Taiwan unit to Ruen Chen for $2.16 billion

Published January 12, 2011

TAIPEI, Taiwan (Bloomberg)—American International Group Inc., the insurer repaying a U.S. bailout, agreed to sell Nan Shan Life Insurance Co. to investors led by Ruentex Group for $2.16 billion in the second attempt to dispose of its Taiwan unit...more

AIG gets alternative proposal for Taiwan unit

Published January 4, 2011

TAIPEI, Taiwan (Reuters)—American International Group Inc.'s protracted sale of its Taiwan unit was further complicated on Tuesday when a Taiwanese company proposed buying a stake in the business, an offer that may please regulators but runs counter to AIG's plans...more

AIG may be preparing to sell $510M Blackstone stake

Published December 30, 2010

NEW YORK (Bloomberg)—American International Group Inc., the insurer that is divesting assets to repay billions of dollars in U.S. government aid, may be preparing to sell a $510 million stake in Blackstone Group L.P. ...more

Ruentex seen as front runner for AIG Taiwan unit: Sources

Published December 23, 2010

TAIPEI, Taiwan (Reuters)—Taiwan conglomerate Ruentex Group has emerged as the front runner to buy American International Group Inc.'s Taiwan unit, three sources with direct knowledge of the situation said on Thursday, as the bailed out U.S. insurer moves closer to wrapping up its second attempt to sell the asset...more

Bids for AIG's Nan Shan unit expected next month

Published November 22, 2010

TAIPEI, Taiwan (Reuters)—First-round bids for American International Group Inc.'s Taiwan unit, Nan Shan Life, are likely shortly after due diligence ends in early December, a source close to the process said on Monday, restarting AIG's much delayed sale of the unit...more

AIG to sell Asia real estate unit: Source

Published November 9, 2010

HONG KONG (Reuters)—American International Group Inc. is expected to sell its Asian real estate business to Invesco Ltd. later this month, a source said on Tuesday...more

AIG reports big proceeds from AIA, ALICO deals

Published November 8, 2010

NEW YORK—The $2.4 billion third-quarter loss that American International Group Inc. reported last week is largely attributable to nonoperating issues, while its property/casualty operations are not doing all that badly, analysts say...more

AIG raises $17.83 billion in record Hong Kong offering

Published October 22, 2010

HONG KONG (Bloomberg)—American International Group Inc. raised a record $138.3 billion Hong Kong ($17.83 billion) in the Hong Kong initial public offering of its main Asian unit, putting the bailed-out insurer on course to repay its U.S. assistance...more

AIG asset sales

Published October 4, 2010

Since the federal government rescued American International Group Inc. with more than $180 billion in assistance, the New York-based holding company said it has sold off an estimated $25 billion to $30 billion in assets...more

AIG poised to sell Japan units to Prudential for $4.8B

Published September 29, 2010

NEW YORK (Bloomberg)—American International Group Inc. may reach a deal as soon as Wednesday to sell two Japanese life insurance units to Prudential Financial Inc. for about $4.8 billion in cash, said people with knowledge of the matter...more

Buyers step up for AIG's Taiwan unit

Published September 1, 2010

TAIPEI, Taiwan, and HONG KONG (Reuters)—Taiwan's Fubon Financial put its name forward on Wednesday as a possible buyer of American International Group Inc.'s Taiwan unit after the collapse of a planned $2.2 billion sale to a Chinese-led group...more

AIG's planned sale of Taiwan unit to Primus rejected

Published August 31, 2010

NEW YORK (Bloomberg)—American International Group Inc.'s planned $2.15 billion sale of its Taiwan life insurance unit was blocked by local regulators, setting back the U.S. insurer's effort to repay its $182.3 billion government bailout...more

Japan, Qatar funds may bid for AIG's Taiwan unit

Published August 30, 2010

TAIPEI (Reuters)—Japanese and Qatari investment firms may consider a bid for American International Group Inc.'s Taiwan unit if a current bid for it does not go through, Taiwan's Commercial Times newspaper said on Monday...more

AIG said to drop pre-IPO sale for AIA

Published August 27, 2010

NEW YORK (Bloomberg)—American International Group Inc. dropped a plan to sell a stake in its Asian unit ahead of an initial public offering in November to avoid delaying the sale, two people with knowledge of the matter said...more

China Life says no recent talks with AIA

Published August 26, 2010

HONG KONG (Reuters)—China Life Insurance Co. Ltd. said it has not held talks with American International Group Inc. since March, despite reports it may be part of a Chinese consortium that aims to buy 30% of AIA Group Ltd. ...more

AIG says committed to closing Nan Shan sale

Published August 24, 2010

TAIPEI, Taiwan (Reuters)—American International Group Inc. said it was committed to closing its $2.2 billion sale of Taiwan unit Nan Shan Life to a buyer group led by China Strategic and was confident the stalled sale would get Taiwan regulatory approval...more

AIG says committed to selling Taiwan unit to Primus

Published August 13, 2010

NEW YORK (Bloomberg)—American International Group Inc. has no intention to sell its Taiwan-based life insurance unit to another party and won't entertain an offer from Chinatrust Financial Holding Co., AIG said in an e-mailed statement...more

AIG trying to sell stake in Asian life business: Report

Published August 12, 2010

NEW YORK—American International Group Inc. reportedly has held talks with potential investors to sell part of American International Assurance Co. ...more

AIG sells lender American General to Fortress at loss

Published August 11, 2010

NEW YORK (Bloomberg)—American International Group Inc. agreed to sell a majority stake in its consumer lender to Fortress Investment Group L.L.C., getting rid of a unit that had posted about $1.7 billion in operating losses since 2008 and accumulated more than $17 billion in debt...more

MetLife raises $3.15B for purchase of AIG unit

Published August 3, 2010

NEW YORK (Bloomberg)—MetLife Inc., the largest U.S. life insurer, raised $3.15 billion by selling shares below Monday's closing price to help pay for the acquisition of an American International Group Inc. business unit...more

AIG names former Prudential exec CEO of AIA unit

Published July 19, 2010

HONG KONG—American International Group Inc. reportedly has named Mark Tucker CEO of American International Assurance, AIG's Asian life insurance unit...more

Boardroom spat at AIG leads to new chairman

Published July 19, 2010

NEW YORK—While it's better to lose a chairman than a CEO, the boardroom clash that forced another change at the top at American International Group Inc. is still an unwelcome development for the troubled company, observers say...more

'Turnaround Kid' Miller gets challenge at AIG

Published July 15, 2010

NEW YORK (Bloomberg)—Steve Miller, who calls himself “The Turnaround Kid” after a career spent helping hobbled companies survive, has another rescue mission as chairman of bailed-out insurer American International Group Inc. ...more

AIG Chairman Golub resigns amid tensions with CEO

Published July 14, 2010

NEW YORK—Harvey Golub has resigned as chairman of American International Group Inc. amid a clash with the company's CEO, Robert Benmosche...more

AIG said to weigh using bond stake to repay U.S.

Published July 14, 2010

NEW YORK (Bloomberg)—American International Group Inc. is considering repaying part of its U.S. bailout by handing over stakes in the mortgage-linked bonds that pushed the firm to the brink of collapse, said three people with knowledge of the plan...more

AIG board to meet on future of AIA unit; IPO seen likely

Published July 13, 2010

NEW YORK (Reuters)—The board of American International Group Inc. is set to meet this week to consider the future of its AIA Group Ltd. unit, with a public offering seen as the most likely outcome, sources said Tuesday...more

Chinatrust still seeking AIG's Taiwan life insurer

Published July 6, 2010

TAIPEI, Taiwan (Bloomberg)—Chinatrust Financial Holding Co. is seeking to renew its bid to purchase the Taiwan-based life insurance operations of American International Group Inc. ...more

Benmosche, Golub agree to collaborate on AIA plan

Published July 5, 2010

NEW YORK—American International Group Inc. President and CEO Robert Benmosche and Nonexecutive Chairman Harvey Golub have agreed to try to resolve their differences and work out a plan for AIG's largest overseas life insurance unit, AIA Group Ltd., according to a report last week...more

AIG may seek to sell Japan insurance units

Published July 2, 2010

NEW YORK (Bloomberg)—American International Group Inc., the insurer selling assets to repay a U.S. rescue, may seek buyers for its Japanese life units as CEO Robert Benmosche reshapes the firm...more

Tensions rise at AIG following failed AIA sale: Report

Published June 25, 2010

NEW YORK (Reuters)—American International Group Inc.'s failed sale of its Asian life insurance unit, AIA Group Ltd., has led to increased tensions between CEO Robert Benmosche and Chairman Harvey Golub, the Financial Times said, citing people close to the situation...more

Prospects for AIG payback still unclear

Published June 21, 2010

HONG KONG (Reuters)—Whether the federal government will fully recoup its financial assistance to American International Group Inc. remains “unknowable,” according to a report issued last week by a congressionally created panel...more

AIG amends terms of stalled Taiwan unit sale

Published June 14, 2010

WASHINGTON—Bailed-out U.S. insurer American International Group Inc. and the buyers of its Taiwan Nan Shan insurance unit have modified the terms of a stalled $2.2 billion deal to speed up its passage by Taiwanese regulators...more

AIG amends terms of stalled Taiwan unit sale

Published June 11, 2010

TAIPEI, Taiwan (Reuters)—Bailed-out U.S. insurer American International Group Inc. and the buyers of its Taiwan Nan Shan insurance unit have modified the terms of a stalled $2.2 billion deal to speed up its passage by Taiwanese regulators...more

AIG can still get $35.5B from AIA unit: Treasury

Published June 10, 2010

WASHINGTON (Bloomberg)—American International Group Inc. may still receive $35.5 billion for an Asia division after a purchase agreement with Prudential P.L.C. collapsed last week, the U.S. Treasury Department said...more

AIG weighs options after AIA deal dies

Published June 7, 2010

NEW YORK—With the collapse of American International Group Inc.'s $35.5 billion deal to sell its Asian life insurance unit to Prudential P.L.C., AIG's remaining options include an initial public offering for AIA Group Ltd., finding another buyer or breaking up AIA and selling it piecemeal, observers say...more

AIG unit that's too big to sell means Asia IPO likely

Published June 2, 2010

NEW YORK (Bloomberg)—American International Group Inc.'s main Asia unit, with 320,000 agents and 23 million customers, may be too large for a rival to purchase, leaving a public offering the most likely route for divesting the business...more

Prudential ends $35.5B Asian takeover bid

Published June 2, 2010

LONDON (Reuters)—U.K. insurer Prudential P.L.C. has abandoned its plan to buy American International Group Inc.'s Asian life unit for $35.5 billion, leaving management under fire and the company facing a $659 million bill for failure...more

Pru-AIA deal near collapse after AIG says it won't drop price

Published June 1, 2010

LONDON (Reuters)—Prudential P.L.C.'s bid for American International Group Inc.'s Asian business was close to collapse on Tuesday after it failed to secure a price cut, raising questions over the British insurer's own future...more

AIG, Prudential may renegotiate terms for sale of Asian life unit

Published May 31, 2010

LONDON—Prudential P.L.C. and American International Group Inc. may change the terms of their $35.5 billion deal for AIG's Asian life unit amid growing disenchantment among Prudential stockholders over terms of the deal...more

AIG said to have U.S. blessing to reduce AIA price

Published May 28, 2010

NEW YORK (Bloomberg)—The U.S. Treasury Department and Federal Reserve, which bailed out American International Group Inc. in 2008, are willing to allow the insurer to lower the price it would accept in the sale of its main Asian unit to Prudential P.L.C., said two people with knowledge of the situation...more

Prudential in talks with AIG to change terms of offer

Published May 28, 2010

LONDON (Bloomberg)—Prudential P.L.C., the U.K. insurer seeking to buy American International Group Inc.'s Asian unit in a $35.5 billion acquisition, said it is talking with AIG about changing the terms of the deal...more

Prudential looking to cut size of AIA deal: Report

Published May 27, 2010

LONDON (Reuters)—Britain's Prudential P.L.C. is trying to lower the $35.5 billion price tag for the Asia assets of American International Group Inc., with Prudential hoping the U.S. insurer will go as low as $30 billion, the Financial Times reported on Thursday...more

AIG said to weigh selling stake in $1.9B housing venture

Published May 26, 2010

NEW YORK (Bloomberg)—American International Group Inc. is weighing the sale of its stake in a portfolio of about 17,000 apartments purchased when real estate values were near their peak, said two people with knowledge of the discussions...more

Voting adviser cautions against Prudential's AIA purchase

Published May 26, 2010

LONDON (Reuters)—An influential voting adviser, RiskMetrics Group, has told investors in Britain's Prudential to vote against the ambitious $35.5 billion takeover of American International Group Inc.'s Asian arm despite acknowledging the strategic rationale for the deal...more

AIG rescue cost narrows by $2.9 billion, U.S. says

Published May 19, 2010

NEW YORK (Bloomberg)—American International Group Inc.'s U.S. government rescue may cost taxpayers $2.9 billion less than previously estimated because prospects for AIG have improved, the Treasury Department said...more

Published May 17, 2010

NEW YORK—American International Group Inc.'s plan to sell its Asian life insurance unit to Prudential P.L.C. looks to move forward this week, although expected changes in the deal's financial terms could result in less cash for AIG with the same overall price, experts say...more

Prudential gets regulatory nod for AIA deal with AIG

Published May 13, 2010

LONDON (Reuters)—U.K. regulators have agreed in principle to Prudential P.L.C.'s $35.5 billion purchase of American International Group Inc.'s Asian life insurance unit, sources familiar with the situation said, and the British insurer hopes to price its bumper rights issue within days...more

Prudential delays share issue that would fund AIA deal

Published May 5, 2010

LONDON (Reuters)—British insurer Prudential P.L.C. fuelled worries over its planned $35.5 billion acquisition of American International Group Inc.'s Asian unit as a last-minute regulatory delay forced it to put on ice its bumper cash call...more

Prudential's AIA deal hits shareholder glitch

Published April 27, 2010

LONDON (Reuters)—Prudential P.L.C. is facing the makings of a shareholder revolt over its $35.5 billion deal to buy AIA Group Ltd., raising the prospect the deal could fail and adding to pressure for a breakup of the British insurer instead...more

AIG sells off aircraft, criticizes limits on pay

Published April 19, 2010

NEW YORK (Reuters)—American International Group Inc.'s sale last week of 53 aircraft for $1.99 billion from its aircraft leasing unit, International Lease Finance Corp., will generate much-needed cash to pay off some of the unit's mounting debt, analysts say...more

AIG unit ILFC raises $2 billion in aircraft sale

Published April 14, 2010

SYDNEY (Reuters)—The aircraft leasing unit of embattled American International Group Inc. has agreed to sell 53 passenger jets to Australia's Macquarie Group to raise a much-needed $2 billion in cash...more

AIG sales mean 'lid is being released' on deals: Conning

Published April 9, 2010

(Bloomberg)—American International Group Inc.'s agreements to sell a pair of life divisions for more than $50 billion in the first quarter may snap a two-year streak of declining insurance deals, a new report by advisory firm Conning & Co. says...more

Outlook brightens for AIG after rating upgrade, unit sales

Published April 5, 2010

NEW YORK—American International Group Inc. received a key credit rating upgrade last week amid several positive developments for the insurer...more

AIG on track to repay government before 2013: Benmosche

Published April 2, 2010

NEW YORK (Reuters)—American International Group Inc.'s chief executive said on Thursday he is "pretty comfortable" the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit line...more

AIG completes sale of asset management unit

Published March 29, 2010

NEW YORK—American International Group Inc. has completed the sale of its third-party asset management business, renamed PineBridge Investments, to Hong Kong-based Pacific Century Group, according to separate announcements today by AIG and PineBridge ...more

AIG raises $452M on Transatlantic Holdings sale

Published March 16, 2010

NEW YORK—American International Group Inc. said Monday that it raised $452 million through the sale of its remaining ownership of reinsurer Transatlantic Holdings Inc. ...more

AIG to raise $15.5 billion from sale of life insurer

Published March 15, 2010

NEW YORK—American International Group Inc. will be better able to focus on its core businesses, including its property/casualty operations, with the sale of two major noncore assets behind it, observers say...more

Aircraft leasing unit at top of sell sheet as AIG raises cash to repay government

Published March 15, 2010

LOS ANGELES—International Lease Finance Corp., American International Group Inc.'s aircraft leasing unit, is likely to be the next, and last, major asset to be sold by the insurer, observers say...more

AIG makes dent in debt with sale of prized unit

Published March 8, 2010

NEW YORK—American International Group Inc.'s move to sell its Asian life insurance unit to London-based Prudential P.L.C. for $35.5 billion will help build momentum for AIG to sell its remaining noncore assets, putting it in a better position to repay its government debt, say observers...more

AIG faces tough market in drive to sell assets

Published March 8, 2010

American International Group Inc.'s planned sale of AIA Group Ltd. would move it closer to becoming a pared-down company consisting largely of its core property/casualty business, Chartis Inc., and its domestic life and retirement services businesses, SunAmerica Financial Group, observers say...more

Debt reduction program

Published March 8, 2010

American International Group Inc.'s $35.5 billion deal to sell AIA Group Ltd. to Prudential P.L.C. is its largest asset sale since its September 2008 bailout...more

AIG sells ALICO to MetLife for $15.5 billion

Published March 8, 2010

NEW YORK (Reuters)—American International Group Inc. is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout...more

AIG puts remaining Transatlantic shares on the block

Published March 8, 2010

NEW YORK—American International Group Inc. on Monday began the sale of its remaining 9.2 million common shares of Transatlantic Holdings Inc.'s in a secondary offering...more

AIG nears $15B deal to sell second life unit: Sources

Published March 5, 2010

NEW YORK (Reuters)—A tax question holding up American International Group Inc.'s sale of a foreign life insurance unit to MetLife Inc. is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said on Thursday...more

AIG to sell off remaining Transatlantic stake

Published March 5, 2010

NEW YORK—American International Group Inc. said Friday that it will sell its remaining ownership in reinsurer Transatlantic Holdings Inc., which analysts say could bring up to $500 million...more

Prudential lines up financing to buy AIG's Asian unit

Published March 4, 2010

LONDON (Reuters)—Britain's largest insurer Prudential has lined up more than 30 banks to sell its $21 billion rights issue, sources said, showing ample appetite for the deal backing its colossal Asian acquisition...more

Sale of Asian life unit will speed debt repayment: AIG

Published March 1, 2010

NEW YORK—American International Group Inc.'s definitive agreement to sell its Asian life insurance unit, AIA Group Ltd., to Prudential P.L.C. for about $35.5 billion will allow quicker repayment of government debt, AIG said Monday...more

AIG, Metlife deal may be paused by tax dispute: Report

Published February 17, 2010

NEW YORK (Reuters)—The pending $15 billion sale of a unit of American International Group Inc. to MetLife Inc. may be pushed back by a tax dispute that may require a ruling from the Internal Revenue Service, the Wall Street Journal reported...more

AIG snubs JPMorgan? No role in AIA IPO

Published February 12, 2010

HONG KONG (Reuters)—American International Group Inc. turned down JPMorgan Chase & Co.'s attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly stemming from soured relations dating back to the financial crisis...more

AIG mandates 7 more banks for AIA IPO: Sources

Published February 11, 2010

HONG KONG (Reuters)—Bailed-out insurer American International Group Inc. has chosen seven additional banks to handle the IPO of its Asian life insurance unit, expected at over $10 billion, sources close to the deal said on Thursday...more

MetLife may pay AIG in stock, cash for ALICO unit: Source

Published February 9, 2010

NEW YORK—MetLife Inc. plans to pay American International Group Inc. in stock and cash for American Life Insurance Co., as the two sides negotiate what could be a roughly $15 billion deal, a source familiar with the matter said Tuesday...more

Top exec at AIG-owned aircraft leasing unit retires

Published February 5, 2010

NEW YORK—The director and CEO of International Lease Finance Corp., the aircraft leasing unit of American International Group Inc., has retired effective Friday, AIG said...more

MetLife says in talks with AIG over ALICO

Published February 2, 2010

NEW YORK—MetLife Inc. on Tuesday said it is in talks with American International Group Inc. to acquire AIG unit American Life Insurance Co. ...more

Head of AIG aircraft leasing unit to leave: Report

Published January 25, 2010

NEW YORK (Reuters)—The chief executive of International Lease Finance Corp., the aircraft leasing company of American International Group Inc., is expected to leave as soon as this week, the Wall Street Journal reported Sunday, citing people familiar with the matter...more

AIG may sell life insurance unit to MetLife

Published January 25, 2010

NEW YORK—American International Group Inc. reportedly is in discussions to sell one of its largest life insurance units to MetLife Inc., a move that would represent its biggest divestiture since its 2008 bailout...more

AIG in talks with MetLife to sell life unit: Report

Published January 19, 2010

NEW YORK—American International Group Inc. is in talks to sell one of its largest life insurance units to MetLife Inc., a published report said Tuesday...more

Investor Ross not buying AIG unit

Published January 14, 2010

NEW YORK (Reuters)—Billionaire investor Wilbur Ross on Thursday said he was not considering buying American International Group Inc. mortgage insurance unit United Guaranty...more

AIG makes key hires, sells more assets

Published January 11, 2010

NEW YORK—American International Group Inc. last week made several high-level appointments and agreed to sell some assets, but experts say recruiting talent and repaying government debt will remain a challenge...more

AIG may wait on Chartis spinoff

Published January 4, 2010

NEW YORK—American International Group Inc.'s reported decision to hold off on an initial public offering of property/casualty unit Chartis Inc. is understandable given financial market conditions, several observers say...more

AIG puts Chartis spinoff on hold: Report

Published December 22, 2009

NEW YORK—American International Group Inc. reportedly has called off its planned initial public offering of property/casualty unit Chartis Inc. ...more

AIG needs two years to repay aid: Benmosche

Published December 21, 2009

NEW YORK (Reuters)—American International Group Inc. will take at least two years to repay its debt, but is benefiting from an aggressive management style, Chief Executive Officer Robert Benmosche said in an interview with the Financial Times...more

AIG solicits offers for ILFC: Sources

Published December 4, 2009

NEW YORK (Reuters)—American International Group Inc. is soliciting bids for its International Lease Finance Corp. after a group led by the unit's chief offered to buy a small portion of the aircraft lessor's fleet, according to sources familiar with the matter...more

AIG reduces debt by $25 billion

Published December 1, 2009

NEW YORK—American International Group Inc. has closed two transactions with the Federal Reserve Bank of New York and reduced its debt to the government by $25 billion, the insurer said Tuesday...more

Chinatrust agrees to buy stake of AIG's Taiwan unit

Published November 17, 2009

TAIPEI, Taiwan (Reuters)—Chinatrust Financial, which lost a bid to acquire American International Group Inc.'s Taiwan life insurance unit, said on Tuesday it agreed to buy a 30% stake of it for $660 million from China Strategic...more

AIG likely to be able to repay government: Moody's

Published November 10, 2009

NEW YORK (Reuters)—American International Group Inc. has made tangible progress on its restructuring plan and will likely be able to repay the government's loan and much of its preferred equity stake, Moody's Investors Service said on Monday...more

AIG taps $2.1B from U.S. for ILFC share purchase

Published November 6, 2009

NEW YORK (Reuters)—American International Group Inc. tapped the U.S. government for another $2.1 billion to buy shares of its aircraft leasing arm, International Lease Finance Corp., or ILFC, the insurer said in a regulatory filing Friday...more

Chinatrust lawyers study AIG unit sale

Published November 2, 2009

TAIPEI, Taiwan (Reuters)—Chinatrust Financial, Taiwan's top credit card issuer, has hired lawyers to study the results of American International Group Inc.'s sale of its Taiwan life insurance unit Nan Shan Life, a senior executive said on Monday...more

AIG says won't sell Japan units Edison and Star

Published October 30, 2009

TOKYO (Reuters)—American International Group Inc. on Friday said it was no longer looking to sell two of its Japanese units, the latest sign that its new chief executive may be taking a slower approach to restructuring...more

AIG sees $1.4 billion loss on Taiwan unit sale

Published October 15, 2009

NEW YORK (Reuters)—American International Group Inc. said Thursday it expects to recognize a loss of about $1.4 billion on the sale of Nan Shan Life Insurance Co., its life insurance unit in Taiwan...more

AIG to sell Taiwan life insurance unit for $2.15 billion

Published October 13, 2009

NEW YORK (Reuters)—American International Group Inc. is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year...more

Greenberg praises AIG's new CEO, urges bailout restructure

Published September 15, 2009

NEW YORK—American International Group Inc. can be resurrected, but its government debt should be restructured and a new strategy put in place, former leader Maurice R. Greenberg said Tuesday....more

AIG interviewing banks on ALICO IPO: Sources

Published September 8, 2009

NEW YORK (Reuters)—American International Group Inc. is interviewing banks this week to manage a planned initial public offering of life insurance unit American Life Insurance Co., sources familiar with the matter said....more

AIG to sell part of asset management unit for $500M

Published September 6, 2009

NEW YORK (Reuters)—American International Group Inc. agreed Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li's Pacific Century Group for about $500 million, in the first major asset sale under the watch of its new chief executive....more

AIG weighing many options for ILFC: Sources

Published August 31, 2009

NEW YORK (Reuters)—American International Group Inc. and Steven Udvar-Hazy, head of its International Lease Finance Corp. unit, are weighing several options for the aircraft leasing business, including breaking up the company, two sources familiar with the matter said on Saturday....more

AIG shares jump on news of change in strategy

Published August 31, 2009

NEW YORK—The recent run-up in American International Group Inc.'s stock price will have only an indirect, albeit beneficial, impact on the insurer's policyholders, observers say....more

AIG's Taiwan unit gets three low bids: Sources

Published August 28, 2009

TAIPEI, Taiwan (Reuters)—Three bidders for American International Group Inc.'s Nan Shan Life unit have offered less than $1.5 billion, far below the $2 billion the insurer had expected, sources close to the companies said on Friday, throwing the sale into doubt....more

New AIG CEO says expects to repay taxpayers: Report

Published August 20, 2009

NEW YORK (Reuters)—Robert Benmosche, the newly appointed chief executive officer of American International Group Inc., says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders, according to a report by Bloomberg News....more

AIG's new CEO takes scissors to restructuring plan

Published August 19, 2009

NEW YORK (Reuters)—Robert Benmosche, the newly appointed chief executive of American International Group Inc., has started to cut up the insurer's restructuring plan, deciding it is better to hold on to an investment advisory unit that is part of the insurer's retirement services group....more

Taiwan's Chinatrust may drop bid for AIG's Nan Shan

Published August 19, 2009

TAIPEI, Taiwan (Reuters)—Chinatrust , Taiwan's top credit card issuer, will likely pull out of a bid for AIG's Taiwan insurance unit because its partner, Bain Capital, wants to pull of the race, a source close to the company said on Wednesday....more

AIG sells Hong Kong consumer finance unit

Published August 12, 2009

NEW YORK—American International Group Inc. has sold its Hong Kong consumer finance business to China Construction Bank Asia for $70 million in cash, AIG said Wednesday....more

AIG Financial Products sells energy interests for $1.9B

Published August 11, 2009

NEW YORK—AIG Financial Products Corp., a division of American International Group Inc., has completed the sale of its energy and infrastructure investment portfolio for $1.9 billion, the company said Tuesday....more

Background of new CEO seen as key asset for AIG

Published August 10, 2009

NEW YORK—Robert H. Benmosche's experience in running a large, complex insurance organization will serve him well as the new president and chief executive officer of American International Group Inc., observers say....more

Moody's downgrades AIG's aircraft leasing unit

Published August 3, 2009

NEW YORK—Moody's Investors Service has downgraded the ratings of International Lease Finance Corp., American International Group Inc.'s aircraft leasing unit, to Baa3 from Baa2 for senior unsecured debt and to Prime-3 from Prime-2 for short-term paper, and placed the ratings under review for further possible downgrade....more

Primus gets Hong Kong partner for AIG Taiwan unit: Sources

Published July 30, 2009

HONG KONG/TAIPEI (Reuters)—Primus Financial Holdings, founded by former top Citi Asia banker Robert Morse, plans to team up with a Hong Kong-listed battery maker to bid for American International Group Inc.'s Taiwan unit Nan Shan Life, sources with direct knowledge of the matter said on Thursday....more

AIG sells life premium finance business for $679.5M

Published July 28, 2009

NEW YORK—American International Group Inc. said Tuesday that it has completed the sale of most of its U.S. life insurance premium finance business to First Insurance Funding Corp. for $679.5 million in cash....more

Prudential in talks to buy AIG life units in Japan

Published July 16, 2009

NEW YORK (Reuters)—American International Group Inc. is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said on Wednesday....more

Franklin drops out of group eyeing AIG asset unit

Published July 15, 2009

NEW YORK (Reuters)—U.S. asset manager Franklin Resources Inc. has dropped out of a consortium negotiating to buy American International Group Inc.'s asset management unit, a source familiar with the matter said on Tuesday....more

AIG in talks to sell big ALICO unit to MetLife: Report

Published July 9, 2009

NEW YORK (Reuters)—American International Group Inc. has resumed talks to sell its American Life Insurance Co. unit to MetLife Inc. in a transaction that could help the stricken insurer raise more than $15 billion, the Financial Times said....more

Farmers completes purchase of AIG personal auto group

Published July 2, 2009

LOS ANGELES—Zurich Financial Services Group's Farmers Group Inc. unit has completed its acquisition of American International Group Inc.'s personal automobile insurance business, Farmers announced Wednesday...more

AIG putting two life units toward federal debt

Published June 29, 2009

NEW YORK—American International Group Inc.'s move to give the Federal Reserve Bank of New York preferred interests in two life insurance units in exchange for cutting AIG's debt by $25 billion is a logical strategy in light of market conditions, observers say...more

AIG readies spinoff of life units, gives Fed stakes

Published June 25, 2009

NEW YORK—American International Group Inc., which received $180 billion of federal bailout support, said it will give the government stakes in two big life insurance units that AIG plans to spin off...more

AIG to sell consumer finance units in Mexico

Published June 24, 2009

NEW YORK—American International Group Inc. said Wednesday it has entered into an agreement to sell all of its shares of its consumer finance operations in Mexico...more

AIG names exec to manage asset sales

Published June 23, 2009

NEW YORK—American International Group Inc. named a new executive to its restructuring team Tuesday, appointing former Banc of America Securities L.L.C. executive Alain Karaoglan as senior vp of divestiture...more

AIG to sell New York buildings for $150 million: Source

Published June 23, 2009

NEW YORK—American International Group Inc. has agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said...more

Private equity firms interested in AIG's Taiwan unit

Published June 19, 2009

TAIPEI, Taiwan (Reuters)—Several U.S. private equity firms and Taiwanese financial groups are showing early interest in the sale of American International Group Inc.'s Taiwan life insurance unit, banking sources said on Friday, in a deal AIG hopes could raise around $2 billion....more

Investors buy two AIG buildings in New York

Published June 9, 2009

NEW YORK—Youngwoo & Associates, a Manhattan-based investment and development firm, and Korea-based Kumho Investment Bank agreed to acquire American International Group Inc.'s headquarters at 70 Pine St. and the adjacent 72 Wall St. for an undisclosed sum....more

AIG prices Transatlantic shares in secondary offering

Published June 5, 2009

NEW YORK—American International Group Inc. has priced its proposed secondary offering of 26 million shares of Transatlantic Holdings Inc. at $38 a share, Transatlantic said....more

AIG weighs options as it pushes on ILFC sale: Source

Published June 4, 2009

NEW YORK (Reuters)—American International Group Inc. is in talks to line up financing to facilitate the sale of its aircraft leasing unit, but it will consider options such as selling some aircraft if it fails to do so, a person familiar with the matter said on Wednesday....more

Real estate firm buys N.J. property from AIG

Published June 3, 2009

NEW YORK (Reuters)—KABR Real Estate Investment Partners, a fund run by former Knight Trading Chief Executive Officer Kenneth Pasternak, said on Wednesday that it bought a New Jersey office building from American International Group Inc....more

AIG cuts asking price for Taiwan unit: Paper

Published June 3, 2009

TAIPEI, Taiwan (Reuters)—American International Group Inc. has lowered its asking price for its Taiwan insurance unit to $1.8 billion to $2.0 billion, prompting interest from three investors, a local newspaper reported on Wednesday....more

Two Asian firms join in consortium for AIG Investments

Published June 2, 2009

Temasek Holdings of Singapore and Pacific Century Group of Hong Kong are joining a consortium led by Franklin Templeton Investments and Crestview Partners to acquire AIG Investments, according to a source familiar with the situation....more

AIG in deal to sell two New York buildings: Source

Published June 2, 2009

NEW YORK (Reuters)—American International Group Inc. has reached a deal to sell two New York buildings, including its downtown Manhattan headquarters, a source familiar with the matter said Tuesday....more

AIG to sell Argentina consumer finance business

Published June 2, 2009

BUENOS AIRES, Argentina—American International Group Inc. said Tuesday it has entered into an agreement to sell all of its shares in its consumer finance operations in Argentina to a Buenos Aires bank....more

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