Published May 08, 2013 - 9:15am CST
(Reuters) — American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.'s Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.
By: Mark A. Hofmann
Published May 06, 2013 - 2:19pm CST
Commercial property/casualty insurance rates rose an average of 5% in April over those of the same month a year earlier, Dallas-based electronic insurance exchange MarketScout reported Monday.
By: Mark A. Hofmann
Published May 06, 2013 - 2:03pm CST
Standard & Poor’s Corp. has raised its long-term counterparty credit and financial strength ratings on the property/casualty operating subsidiaries of American International Group Inc. — AIG Property/Casualty, formerly Chartis Inc. — to A+ from A, S&P announced Monday.
By: Bill Kenealy And Mark A. Hofmann
Published May 05, 2013 - 6:00am CST
Berkshire Hathaway Inc.'s hiring of top executives from American International Group Inc. shows the Omaha, Neb.-based insurer intends to make a concerted push into the excess and surplus lines market.
By: Mark A. Hofmann
Published May 02, 2013 - 3:39pm CST
American International Group Inc. earned $2.2 billion in net income for the first quarter of 2013, a 31.2% drop from the same period a year earlier.
By: Bill Kenealy
Published April 29, 2013 - 4:51pm CST
American International Group Inc. on Monday announced the appointment of Jeremy Johnson as president and CEO of Lexington Insurance Co., its excess and surplus lines division.
By: Bill Kenealy
Published April 29, 2013 - 12:03pm CST
American International Group Inc. has named Robert Schimek as president and CEO of its property/casualty Americas region, succeeding Peter Eastwood, who left last week to join rival Berkshire Hathaway Inc.
By: Bill Kenealy
Published April 26, 2013 - 3:57pm CST
The surprise defection of four senior executives from American International Group Inc. to rival Berkshire Hathaway Inc. likely signals a significant increase in Berkshire's participation in the excess and surplus lines market, experts say.
By: Gavin Souter
Published April 25, 2013 - 7:07pm CST
Four senior executives from American International Group Inc., including Peter Eastwood, president and CEO of AIG Property/Casualty—The Americas, resigned Thursday to join rival insurer Berkshire Hathaway Inc.
By: Judy Greenwald
Published April 23, 2013 - 3:39pm CST
LOS ANGELES — The Latin American market presents significant opportunities for growth, an American International Group Inc. executive said here at a breakfast during the Risk & Insurance Management Society Inc. conference Tuesday.
By: Judy Greenwald
Published April 12, 2013 - 3:30pm CST
An American International Group Inc. unit is not obligated to continue to pay the defense costs of a former mortgage insurer chairman convicted in connection with a multibillion-dollar fraud.
By: Roberto Ceniceros
Published March 28, 2013 - 3:08pm CST
A split U.S. appeals court on Monday laid to rest a long-running dispute pitting Liberty Mutual Holding Co. Inc. against American International Group Inc., though details of a settlement were kept confidential.
By: Sheena Harrison
Published March 25, 2013 - 12:18pm CST
Liberty Mutual Holding Co. Inc. was the largest workers compensation insurer nationwide in 2012 with about $4.2 billion in direct written premiums, according to the National Association of Insurance Commissioners.
By: Anna Gaynor
Published March 21, 2013 - 2:13pm CST
American International Group Inc. has rolled out a new option for companies with large-deductible casualty insurance programs looking for flexible collateral requirements.
Published March 14, 2013 - 3:02pm CST
See video footage of each Business Insurance 2013 Innovation Award winner at the luncheon held in their honor on March 5 in New York.
Published March 13, 2013 - 5:55pm CST
Robert Yellen, New York-based chief underwriting officer for AIG's U.S. and Canadian financial lines, discusses Prospectus Edge, AIG's directors and officers liability insurance product created for Canadian risk managers.
By: Mike Tsikoudakis And Sarah Veysey
Published March 10, 2013 - 6:00am CST
An agreement between Marsh Inc. and American International Group Inc. to quickly pay multimillion dollar commercial property damage claims has been welcomed by some buyers, though several observers say it simply codifies existing best practices.
By: Roberto Ceniceros
Published March 10, 2013 - 6:00am CST
AMERICAN INTERNATIONAL GROUP INC.
By: Douglas McLeod
Published February 24, 2013 - 6:00am CST
No one would expect Maurice R. Greenberg's “The AIG Story” to be an impartial history of the insurer's rise and near-collapse, and it isn't.
By: Bill Kenealy
Published February 21, 2013 - 4:20pm CST
American International Group Inc. reported a net loss of $3.96 billion for the fourth quarter of 2012, compared with net income of $21.48 billion for the same period of 2011.
By: Mark A. Hofmann
Published February 21, 2013 - 2:50pm CST
WASHINGTON — The private insurance market is far better positioned to provide terrorism coverage than it was when the federal terrorism insurance backstop was created in 2002, according to Maurice R. Greenberg.
By: Mark A. Hofmann
Published February 15, 2013 - 9:50am CST
Willis Group Holdings P.L.C. Deputy Chairman Martin Sullivan will leave the brokerage in May, London-based Willis announced Friday.
By: Mike Tsikoudakis
Published February 07, 2013 - 11:16am CST
Cyber threats and the reputational risks associated with a cyber attack are top concerns for risk managers and insurance professionals, according to a new survey sponsored by American International Group Inc.
By: Anna Gaynor
Published February 04, 2013 - 2:55pm CST
American International Group Inc. has named Joseph J. Trotti as president and CEO of its aerospace division, AIG announced in a statement Monday.
By: Judy Greenwald
Published February 01, 2013 - 1:54pm CST
A reporter is not entitled to see the findings of an independent consultant hired to evaluate American International Group Inc.’s internal policies and past transactions, an appellate court ruled Friday, in overturning a lower court ruling.
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