American International Group Inc (AIG) - NYSE
  • Oct. 15, 2009, 9:57 AM
    Watching AIG. Chatter about Buffett (BRK.A) clearing the way to buy stock.
    | Oct. 15, 2009, 9:57 AM | 2 Comments
  • Oct. 15, 2009, 9:39 AM

    AIG's (AIG +0.1%) plane leasing unit, ILFC, will repay a short-term $2B loan today through funds provided by its parent, easing liquidity concerns.

    | Oct. 15, 2009, 9:39 AM
  • Oct. 14, 2009, 12:47 PM
    The Treasury paid "scant attention" to "explosively controversial" bonuses paid by AIG after bailing it out, says TARP special inspector Neil Barofsky to Congress. Barofksy's report (.pdf) details hundreds of bonus and retention plans that reached all the way down to the kitchen staff.
    | Oct. 14, 2009, 12:47 PM | 2 Comments
  • Oct. 14, 2009, 9:13 AM
    Meanwhile, it seems a kitchen assistant was one of hundreds of AIG (AIG) employees to receive a retention bonus. The news could undermine AIG's insistence that the bonuses were needed to persuade key employees to stay on board.
    | Oct. 14, 2009, 9:13 AM | 4 Comments
  • Oct. 14, 2009, 9:07 AM

    Treasury pay czar Kenneth Feinberg urges AIG (AIG) to reduce a portion of the $198M in incentives it claims it needed to keep crucial staffers. Feinberg's report also implies the Treasury should have been more attentive to AIG's pay practices.

    | Oct. 14, 2009, 9:07 AM
  • Oct. 13, 2009, 2:39 PM
    The government calls for AIG (AIG -0.3%) to reduce $198M in upcoming retention payments to employees, though it hasn't yet indicated what figure is acceptable - and that decision may be needed before all of the $45M in payments made in March can be recouped.
    | Oct. 13, 2009, 2:39 PM
  • Oct. 13, 2009, 8:47 AM

    AIG (AIG) confirms it will sell its Taiwan life insurance unit, Nan Shan, to a consortium led by Hong Kong-based investment company Primus Financial Holdings for $2.15B.

    | Oct. 13, 2009, 8:47 AM | 1 Comment
  • Oct. 6, 2009, 8:31 AM

    Sources say AIG (AIG) has sold its Taiwan life insurance unit, Nan Shan, to Primus Financial Holdings for $2.2B, with a contract to be signed on Friday. Chinatrust, which had bid $2.4B, lost because it wanted a guarantee on pension funds. The winning bid exceeds market expectations, and the $2B target AIG set for Nan Shan.

    | Oct. 6, 2009, 8:31 AM
  • Oct. 6, 2009, 7:54 AM
    Pay czar Ken Feinberg's first move to clamp down on pay at the seven firms he regulates (AIG, BAC, C, GM, GMAC, Chrysler and Chrysler Financial) will reportedly be to clip top executives' take-home pay, shifting a portion of their compensation into stock with a several-year lockup. The government hopes his suggestions will be voluntarily adopted by other companies.
    | Oct. 6, 2009, 7:54 AM | 8 Comments
  • Oct. 5, 2009, 3:29 PM

    A new report says clients are leaving publicly traded insurers like AIG and Hartford Financial Services (HIG) for "safe haven" nonprofits. Mutual insurers - owned by policyholders - are "weathering the storm best" and make up 30.1% of the market compared with 28.7% in 2007.

    | Oct. 5, 2009, 3:29 PM
  • Oct. 1, 2009, 3:47 PM
    Government paymaster Kenneth Feinberg has reportedly settled on a $10.5M annual package for AIG (AIG -8.2%) CEO Robert Benmosche, his first official pay decision. Also, Benmosche has chosen Brian Schreiber - who helped build the insurer up through acquisitions - to take the lead on selling its assets.
    | Oct. 1, 2009, 3:47 PM
  • Sep. 28, 2009, 2:17 PM

    Joseph Cassano - the AIG (AIG +4.3%) Financial Products chief usually described as "living in London" as authorities consider charges against him - has reportedly settled back into his Connecticut house. "Despite what you have read, Joe owns no house in London. His house is here and it is where he lives. He is not ducking anyone," says Cassano's attorney.

    | Sep. 28, 2009, 2:17 PM
  • Sep. 23, 2009, 6:20 PM

    The government's propping up of AIG (AIG +2%) has worked, averting a catastrophe, so now it's time to take it apart as quickly as possible, says Matthew Goldstein - it's not as if this company will stand on its own ever again, and another blow-up risks more damage.

    | Sep. 23, 2009, 6:20 PM | 8 Comments
  • Sep. 23, 2009, 11:09 AM
    AIG (AIG +2.7%) is unlikely to get another revision of its bailout terms, Credit Suisse (CS) says. Analyst Thomas Gallagher says the package has been changed three times in a year and the interest rate is "very favorable" to the insurer, and it "seems farfetched that the government would effectively either forgive debt or give up equity."
    | Sep. 23, 2009, 11:09 AM
  • Sep. 22, 2009, 3:25 PM
    Sharp pullback in AIG (AIG -2.9%) attributed to rumors of a secondary offering (??)
    | Sep. 22, 2009, 3:25 PM | 6 Comments
  • Sep. 22, 2009, 12:42 PM
    AIG's rally extends to a second day - currently up 6.3% for the day and up 29% for the week - after details emerged in former chief Hank Greenberg's plan to rework the insurer's bailout. Clusterstock notes that Greenberg's roadmap has already made him $588M richer.
    | Sep. 22, 2009, 12:42 PM | 1 Comment
Company Description
American International Group, Inc. operates as a global insurance company, which provides property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its offerings include products and services that help businesses and individuals protect... More
Sector: Financial
Industry: Property & Casualty Insurance
Country: United States