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Benmosche: "Board has fiduciary and legal obligations" to at least consider joining Greenberg's $25B suit.

American International Group President and CEO Robert Benmosche fired back at The New York Times in response to a Dec. 24 editorial the paper ran on whether the circumstances surrounding the 2008 bailout of the insurance giant could ever happen again.

Robert Benmosche will receive the 2013 Insurance Hall of Fame award, new program from K&K Insurance Group and Kaliff Insurance, acquisitions by Marsh & McLennan, Brown & Brown, R-T Specialty and Neace Lukens, Applied Systems Epic awarded two patents.

PC360 brings our readers the top quotes from major industry players for 2012.

American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.

The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout.

In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...

In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...