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Insurance industry welcomes U.S. regulatory reform efforts

By: Mark A. Hofmann

Published May 24, 2015 - 6:00am CST

Insurer provisions of a wide-ranging proposal to reform the financial services regulatory process are drawing generally favorable reviews from property/casualty insurance industry observers.

Former AIG exec to join Worldwide Broker Network

By: Shelby Livingston

Published May 21, 2015 - 10:55am CST

Worldwide Broker Network has named former American International Group Inc. executive Francie Starnes to the newly created role of president and chief operating officer.

AIG expands into multinational benefits

By: Sarah Veysey

Published May 20, 2015 - 9:48am CST

American International Group Inc. on Wednesday said it has acquired a controlling stake in Brussels-based ING Employee Benefits Global Network and renamed it AIG Global Benefits Network.

AIG promotes deputy investment officer to chief strategy officer

By: Mark A. Hofmann

Published May 13, 2015 - 9:49am CST

American International Group Inc. on Wednesday said its deputy chief investment officer, Brian T. Schreiber, has been named to the newly created role of executive vice president and chief strategy officer.

Reform bill would ease 'systemically important' rules for insurers

By: Mark A. Hofmann

Published May 12, 2015 - 12:46pm CST

A discussion draft of proposed regulatory reform legislation would require the Financial Stability Oversight Council to be more transparent as it determines whether a non-bank financial institution such as an insurer presents a systemic risk to the nation’s economy.

Congress eyes bank-centric insurer rules

By: Mark A. Hofmann

Published May 10, 2015 - 6:00am CST

Critics of the way the Financial Stability Oversight Council designates nonbank financial entities as systemically important financial institutions are welcoming Congress' apparently greater interest in how the council operates.

AIG results show continued improvement, analysts say

By: Mark A. Hofmann

Published May 01, 2015 - 2:03pm CST

American International Group Inc.'s first quarter results show continued improvement in a difficult environment for insurance pricing and investment returns, according to analysts.

AIG first-quarter earnings down slightly on interest rates, returns

Published April 30, 2015 - 3:29pm CST

(Reuters) — American International Group Inc.'s first-quarter earnings fell slightly as low interest rates and weaker returns from alternative investments offset improvements in its commercial insurance business.

JLT Specialty names transaction advisory practice leader

By: Shelby Livingston

Published April 27, 2015 - 2:47pm CST

JLT Specialty Insurance Services Inc., a unit of Jardine Lloyd Thompson Group P.L.C., has named John McNally to the newly created position of leader and senior vice president of its transaction advisory practice.

Greenberg case over AIG takeover questions government reach

By: Mark A. Hofmann

Published April 26, 2015 - 6:00am CST

The legal battle pitting former American International Group Inc. Chairman and CEO Maurice R. Greenberg and other AIG stockholders against the government over the terms of AIG's 2008 bailout may — or may not — have lasting significance.

Former AIG exec takes management liability practice post

By: Judy Greenwald

Published April 22, 2015 - 12:46pm CST

Matthew Kletzli has joined Victor O. Schinnerer & Co. as senior vice president and management liability practice leader, the Chevy Chase, Maryland-based managing general underwriter said Wednesday.

Government had no right to take 80% in AIG bailout: Greenberg lawyer

By: Mark A. Hofmann

Published April 22, 2015 - 11:44am CST

WASHINGTON — The federal government did not have the authority to demand nearly 80% of AIG's equity in return for financial assistance during the 2008 financial crisis, an attorney for AIG investors told a federal judge Wednesday.

Ex-AIG chief Greenberg presses for dismissal of fraud charges

Published April 22, 2015 - 9:10am CST

(Reuters) — In an effort to avoid trial, former American International Group Inc. Chairman Maurice R. Greenberg is seeking permission to ask New York's highest court to throw out the accounting fraud case against him.

AIG invests in cyber investigation firm

By: Judy Greenwald

Published April 16, 2015 - 12:08pm CST

American International Group Inc. has obtained a minority stake in cyber investigation firm K2 Intelligence with plans to co-develop products and services with the company, the New York-based insurer said.

Ex-AIG chief Greenberg's bid to toss N.Y. case rejected

Published April 16, 2015 - 11:46am CST

(Reuters) — A New York state appeals court rejected former American International Group Inc. Chairman Maurice R. Greenberg's bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer.

AIG names next nonexecutive chairman

By: Mark A. Hofmann

Published April 16, 2015 - 11:32am CST

Douglas M. Steenland will succeed Robert S. “Steve” Miller as nonexecutive chairman of American International Group Inc.’s board, effective July 1, AIG announced Thursday.

AIG creates technology chief position

By: Shelby Livingston

Published April 10, 2015 - 10:20am CST

American International Group Inc. has tapped Michael Brady to be its first chief technology officer.

AIG gets OK to use drones for risk assessment

By: Judy Greenwald

Published April 08, 2015 - 1:01pm CST

The FAA has approved AIG's request to operate drones to conduct inspections for risk assessment, risk management, loss control and surety performance for its U.S. policyholders.

AIG, Allianz unit argue over credit default swaps exposure

By: Mark A. Hofmann

Published April 03, 2015 - 10:50am CST

American International Group Inc. is promising to “vigorously” defend itself against charges by Pacific Investment Management Co. that it had misled investors about its exposure to risky investments that led to the insurer’s near-collapse in 2008.

AIG may sell $4 billion stake in aircraft leasing firm

By: Mark A. Hofmann

Published April 01, 2015 - 2:43pm CST

AIG may sell its holding in Dutch aircraft leasing company AerCap Holdings N.V., which could raise up to about $4 billion for the insurer, according to a Securities and Exchange Commission filing by Schipol, Netherlands-based AerCap.

AIG to sell $500 million in shares of Chinese insurer

By: Mark A. Hofmann

Published March 31, 2015 - 10:07am CST

American International Group Inc. plans to sell 256 million shares of China's PICC Property & Casualty Co. Ltd. for about $500 million.

AIG Chairman Steve Miller to step down in July: Wall Street Journal

Published March 30, 2015 - 2:53pm CST

(Reuters) — American International Group Inc. Chairman Robert "Steve" Miller intends to step down in July after five years in the role, the Wall Street Journal reported.

Property/casualty insurer results benefitted from calm 2014

By: Mark A. Hofmann

Published March 29, 2015 - 6:00am CST

Stable is the best way to describe commercial property/casualty insurers' performance during 2014.

House lawmakers introduce bipartisan bill to reform U.S. risk panel

Published March 24, 2015 - 2:19pm CST

(Reuters) — A Republican congressman and a Democratic colleague have introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability.

AIG investors' $970.5 million settlement wins court approval

Published March 20, 2015 - 3:19pm CST

(Reuters) — AIG shareholders won approval Friday of a $970.5 million settlement resolving claims that they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts.

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