American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations to halt firms from switching their legal address to cut obligations.
American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.
From movement on the TRIA front, to a battle between Endurance Specialty Holdings and Aspen Insurance Holdings over the formers hostile bid for the latter, to a warning from Warren Buffett on the volatility of insuring against hurricanes, the month of June offered up some interesting quotes on key issues.
AIG CEO Robert Benmosche has reportedly warned employees against buying homes in the New York area, and told Bloomberg Television the company is moving people out of higher-cost cities to lower-cost U.S. cities and offshore.
American International Group is reducing its stock buybacks to bulk up its capital as part of its efforts to transition to federal oversight as a systemically significant financial institution, President and CEO Robert Benmosche acknowledged today.