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  • July 29, 2014
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  1. Business - Companies - APPOINTMENTS

    AIG picks Hong Kong-raised Hancock as chief executive

    Posted Jun 14th 2014, 04:19am by Bloomberg

    ... Bloomberg in New York AIG picks HK-raised Hancock as chief executive Hong Kong-raised Peter Hancock has been promoted to chief executive of American International Group as the firm focuses ... York-based firm said. He replaces Robert Benmosche. "AIG is no longer burning down, and the challenge for AIG and for Peter as [chief executive] is to continue to drive the transformation," ...

  2. Business - Banking & Finance

    AIG investors cheer first capital return since bailout

    Posted Aug 02nd 2013, 11:36am by Reuters

    ... Aman Shah in New York AIG quarterly profit comfortably beats Wall Street estimates, along with 10 US-cent quarterly dividend, share buy back of up to US$1 billion American International ... to US$1 billion. “Return of the quarterly dividend as well as the buyback is a clear affirmation of the progress AIG has made since the mortgage crisis,” Macquarie Equities Research analyst Amit ...

  3. Business - Banking & Finance

    Former AIG boss Hank Greenberg loses bid to dismiss NY case

    Posted Jun 26th 2013, 12:19pm by Reuters

    ... in 2005. Greenberg, 88, has argued that there was no admissible evidence that he orchestrated a US$500 million transaction with reinsurer General Re Corp that misled AIG shareholders, ... that Greenberg and co-defendant Howard Smith, AIG’s former chief financial officer, knew the AIG-Gen Re transaction was fraudulent for the case to go forward. “We have no difficulty in concluding that... ...

  4. Business - Money

    AIG bailout that angered Bernanke winds down with Treasury sale

    Posted Dec 11th 2012, 02:20pm by Bloomberg

    ... in a bailout that fuelled resentment against Wall Street. The US Treasury Department is selling its last 234.2 million shares of AIG in its sixth offering of the insurer’s stock, the government said. ... per cent of AIG after saving a firm that insured 100,000 municipalities, retirement plans and companies and was a counterparty to some of the biggest banks. Federal Reserve Chairman Ben ...

  5. Business - Banking & Finance

    US risk council designates AIG, GE Capital for tougher oversight

    Posted Jul 10th 2013, 10:31am by Reuters

    ... and regulate them more like banks. The first set of designations will not come as a surprise to the financial services industry. AIG in particular was expected to be tagged ‘systemically important’ after it received a crisis-era bailout amid fears its size and interconnectedness could bring down the financial system. AIG and GE Capital chose not to fight the group’s efforts to bring them ...

  6. Business - Comment - MONEY MATTERS SHIRLEY YAM

    The very curious case of the disappearing reinsurance deal

    Posted Dec 01st 2012, 12:00am by Shirley Yam

    ... Shirley Yam Shareholders deserve an explanation for why details of a prominent agreement between AIG and PICC P&C have evaporated from view The very curious case of the disappearing ... P&C) has been reinsuring a significant portion of its premium with American Insurance Group (AIG). That is the result of an accord in return for AIG's investment in the former's ...

  7. Business - Companies

    AIG's US$4.2b sale of plane-leaser ILFC to Chinese investors in doubt

    Posted Jun 06th 2013, 12:00am by Bloomberg

    ... Bloomberg in New York Mainland investors yet to pay deposit for the US$4.2 billion stake in aircraft lessor AIG casts doubt on sale of leasing unit American International Group chief ... a decision," Benmosche said on Tuesday. "Whether this deal will get done or not, we don't know." AIG said last week that it had not received a deposit required in an agreement to sell ...

  8. Comment - Blogs

    China's aircraft leasing buy from AIG unravels

    Posted Jun 04th 2013, 11:01am by Doug Young

    ... Doug Young AIG is likely to cancel the planned sale of its ILFC aircraft leasing unit to a Chinese buyer group, after the group missed a deposit payment deadline The media is buzzing ... process. Word of the missed payment is coming from the seller, AIG (NYSE: AIG), and may be the first sign that the US insurance giant either no longer wants to sell its ILFC unit or perhaps has ...

  9. Business - Companies

    AIG to sell aircraft leasing unit for US$5.4b

    Posted Dec 17th 2013, 03:55am by AFP

    ... Agence France-Presse in Washington AIG to sell aircraft leasing unit for US$5.4b Insurer AIG yesterday announced the sale of its aircraft leasing unit International Lease Finance Corp to AerCap for US$5.4 billion, making the Dutch company the leader in the global leasing industry. The sale of the unit came a year after AIG announced the planned sale of ILFC to a Chinese ...

  10. Business - Companies - AVIATION

    AIG turns to AerCap to sell jet business

    Posted Dec 14th 2013, 01:40am by BLOOM

    ... Bloomberg After failing to complete sale of leasing unit to Chinese investors, American insurerstarts talks with independent plane lessor AIG turns to AerCap to sell jet business American International Group (AIG), which has been unable to complete the sale of its jet-leasing business to a group of Chinese bidders, is now in talks to sell that unit to AerCap Holdings, people ...




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