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Evan Greenberg just took dealmaking to the next level.

Fifteen years after defecting from the insurance giant that was put together by his father, the legendary Maurice Hank Greenberg, the son is assembling a colossus of his own.

AIG is seeking a CIO to oversee a portfolio valued at more than $350 billion.

AIG is seeking a CIO to oversee a portfolio valued at more than $350 billion.

AIG., which opted against joining Maurice Hank Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer isnt entitled to compensation over the insurers 2008 rescue.

The U.S. set illegal terms in demanding AIG stock for an $85B bailout during the financial crisis, but that doesnt mean AIG investors deserve compensation, a court ruled.

Allstate said improved technology will eventually give the auto insurer a chance to boost revenue by selling customer driving data.

The IRSs scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers.