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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.

Willis senior captive exec departs

By: Jerry Geisel

Published March 17, 2015 - 12:59pm CST

Les Boughner, a top executive with Willis North America's global captive and consulting practice in Burlington, Vermont, abruptly left the company last week.

AIG acquires controlling stake in insurance group

By: Mark A. Hofmann

Published March 16, 2015 - 11:21am CST

American International Group Inc. has agreed to acquire a controlling stake in NSM Insurance Group, AIG announced Monday.

AIG settles workers comp rate allegations for $1.25 million

By: Sheena Harrison

Published March 11, 2015 - 10:40am CST

AIG has agreed to pay a $1.25 million settlement after the Missouri Department of Insurance accused nine AIG-affiliated insurers of failing to file rate plans for thousands of large-deductible workers compensation policies.

Travelers wrote most workers comp insurance in 2014

By: Stephanie Goldberg

Published March 04, 2015 - 12:45pm CST

Travelers Cos. Inc. was the largest workers compensation insurer in the nation last year, followed by Hartford Financial Services Group Inc. and American International Group Inc., according to market-share data released by the National Association of Insurance Commissioners.

AIG former CEO remembered for leading the insurer’s revival

By: Mark A. Hofmann

Published March 03, 2015 - 10:16am CST

Former American International Group Inc. President and CEO Robert H. Benmosche, who died Friday in New York after battling cancer for five years, will go down in history as the executive who led the well-documented turnaround of the insurance giant.

Former AIG chief Robert Benmosche dies at 70

By: Mark A. Hofmann

Published March 01, 2015 - 6:00am CST

Former American International Group Inc. President and CEO Robert H. Benmosche, who had battled cancer for five years, died Friday in New York. He was 70.

2015 Innovation Award winners recognized

Published March 01, 2015 - 6:00am CST

The 2015 Business Insurance Innovation Awards showcase the best new products and services launched over the past year for risk managers. This awards program, which started in 2010, recognizes innovation in the insurance and risk management sector, and the high caliber of the winning entries shows that commercial insurers, brokers and other service providers continue to break new ground with their ...

Ex-AIG leader Benmosche dies at 70

By: Mark A. Hofmann

Published February 27, 2015 - 1:20pm CST

Former American International Group Inc. President and CEO Robert H. Benmosche, who had battled cancer for five years, died Friday in New York. He was 70.

AIG turnaround still a work in progress

By: Matthew Lerner

Published February 13, 2015 - 1:06pm CST

Despite a sharp fall in profit in the fourth quarter of 2014, American International Group Inc. is making progress in improving its business, but the insurer has a ways to go before the years' long turnaround is complete, according to analysts.

AIG quarterly earnings miss as corporate category underperforms

Published February 12, 2015 - 3:27pm CST

(Reuters) — Insurer American International Group Inc. reported lower-than-expected fourth-quarter earnings on Thursday, hurt by the performance in its corporate category.

AIG unit leads Anthem's cyber coverage

By: Judy Greenwald

Published February 06, 2015 - 5:08pm CST

An American International Group Inc. unit is the primary cyber insurer for Anthem Inc., which this week disclosed a massive data breach affecting about 80 million customers and employees, insurance market sources say.

AIG leads coverage of crashed TransAsia plane in Taiwan

By: Sarah Veysey

Published February 04, 2015 - 11:29am CST

American International Group Inc. leads the insurance coverage for the TransAsia Airways turboprop plane that crashed into a river in Taipei, Taiwan, on Wednesday, killing at least 12 people, sources said.

Insurers get earlier warning on financial oversight, but concerns remain

By: Mark A. Hofmann

Published February 01, 2015 - 6:00am CST

The Financial Stability Oversight Council's plan to inform nonbank financial companies earlier that they're being considered for tighter regulation is a welcomed move, but falls short of addressing a key insurance industry concern.

Did your celebrity endorser fall from grace? There's insurance for that

By: Judy Greenwald

Published January 29, 2015 - 2:08pm CST

An American International Group Inc. unit is offering limits of up to $5 million through a product designed to help policyholders respond to risks from a celebrity endorser's fall from grace, scandal or unexpected death, the insurer said Thursday.

The 2015 Innovation Awards winners
are …

Published January 23, 2015 - 3:14pm CST

Business Insurance on Friday announced 10 winners of the 2015 Innovation Awards, the publication's recognition program for products and services designed for use by professional risk managers.

International insurance groups promote microinsurance

By: Mark A. Hofmann

Published January 22, 2015 - 1:46pm CST

A group of prominent insurers, reinsurers and brokers on Thursday said it has established a consortium to promote microinsurance ventures in developing countries.

AIG to acquire Irish health insurer

By: Matthew Lerner

Published January 21, 2015 - 3:06pm CST

American International Group Inc. on Wednesday said it is acquiring Cork, Ireland-based health insurer Laya Healthcare Ltd.

CEO of AIG's AerCap unit says will act in shareholders' interest

Published January 20, 2015 - 9:20am CST

(Reuters) — The head of aircraft leasing firm AerCap Holdings N.V., which is 46% owned by American International Group Inc., declined on Monday to be drawn on whether it might buy back stock that could come on the market from its leading shareholder, though he stressed it would act in the interests of its investors.

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