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By Chad Hemenway, PropertyCasualty360.com |
December 20, 2010
It started with congressional hearings to justify a bailout and ended with a deal for some payback and a plan to come up with the rest.
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By Chad Hemenway, PropertyCasualty360.com |
November 15, 2010
Robert H. Benmosche, president and CEO of American International Group, predicted that AIG's repayment of a line of credit it has with the Federal Reserve Bank of New York could be complete before the end of this year.
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By Chad Hemenway, PropertyCasualty360.com |
November 5, 2010
American International Group posted a $2.4 billion third-quarter loss on restructuring-related charges of $4.5 billion, as its chief executive boasted of solid insurance operating results.
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By Phil Gusman, PropertyCasualty360.com |
August 16, 2010
Property and casualty results at AIG deteriorated slightly in a competitive market, while overall the company reported a second-quarter net loss of $2.7 billion, primarily due to a $3.3 billion goodwill impairment charge on the sale of a life subsidiary.