Robert Benmosche

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  AIG’s Benmosche Says Higher Capital Standards Necessary

  By Arthur D. Postal  |  February 22, 2013

  The CEO of AIG, Robert Benmosche, put himself at odds with critics within the financial services industry and Congress opposed to higher capital standards when he said they are justified given the 2008 financial crisis.

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  SIGTARP Report Criticizes Compensation at AIG, other Firms that Received Assistance

  By Arthur D. Postal, PropertyCasualty360.com  |  January 29, 2013

  A report by the Special Inspector General for the Troubled Asset Relief Program sharply criticized the Treasury Department for “failing to rein excessive pay” for top executives of companies that received government bailouts through the Troubled Asset Relief Program.

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  AIG Will Not Join Greenberg Bailout Lawsuit Against Government

  By Arthur D. Postal, PropertyCasualty360.com  |  January 9, 2013

  American International Group won’t join or take over a lawsuit championed by the company’s former Chairman and CEO, Maurice “Hank” Greenberg, over the government’s 2008 bailout of the insurance giant.

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  AIG's Benmosche Responds to New York Times

  By Staff Writer  |  January 7, 2013

  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.

• AIG to Raise Up to $6.5B Through AIA Share Sale: Sources

  By Elzio Barreto, Reuters  |  December 17, 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.

• Treasury Says Final Sale of AIG Stock Completed

  By Reuters  |  December 14, 2012

  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.

• AIG’s SIFI Designation Delayed

  By Arthur D. Postal and Elizabeth D. Festa  |  December 13, 2012

  The Financial Stability Oversight Council is holding off designating American International Group as a systemically important financial institution, perhaps into next year, according to several sources.

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  Treasury to Sell Remaining AIG Shares and Profit from Investment

  By Arthur D. Postal, PropertyCasualty360.com  |  December 11, 2012

  The Treasury Department is selling today its remaining 16 percent of American International Group common shares, putting an end to the government’s 50-month shotgun financial tryst with the global insurer.

• Chinese Group in Talks to Buy AIG Air Lease Arm

  By Michael Flaherty and Denny Thomas (Reuters)  |  December 7, 2012

  A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion.

• AIG Reports Big Investment Gains, Premium Profits Down

  By Lauren Tara LaCapra, Reuters  |  November 2, 2012

  AIG reports third-quarter profit of $1.9 billion compared to a loss of $3 billion during the same time last year.

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  SIGTARP: Thrift or No Thrift, AIG Should Be Federally Regulated

  By Arthur D. Postal, PropertyCasualty360.com, Elizabeth Festa, PropertyCasualty360.com  |  October 25, 2012

  The independent overseer of the Troubled Asset Relief Program says in a new report today that it is essential going forward that American International Group have a federal consolidated regulator.

• AIG Looks to Sell Thrift over Volcker Rule Concerns, Not to Avoid Federal Regulation

  By Arthur D. Postal, PropertyCasualty360.com  |  September 12, 2012

  American International Group plans to sell its savings and loan out of concerns around restrictions imposed by the so-called Volcker rule, not federal regulation.

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  Latest AIG Stock Sale Means Government Has Been Repaid for Bailout

  By Arthur D. Postal, PropertyCasualty360.com  |  September 11, 2012

  The latest sale of American International Group stock now underway by the U.S. Treasury means that the federal government has now fully recouped its investment in the company and has already made $15.1 billion on its investment, AIG and Treasury officials said last night.

• Treasury Launching $18B AIG Stock Sale; Company on Verge of Fed Regulation

  By Arthur D. Postal, PropertyCasualty360.com  |  September 10, 2012

  American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government as the Treasury Department launches a public offering of $18 billion of AIG stock.

• Insurers, Fed Refining Arguments on Federal Regulation Initiatives

  By Arthur D. Postal, PropertyCasualty360.com, Elizabeth Festa, PropertyCasualty360.com  |  August 24, 2012

  A recent filing by the Federal Reserve Board highlights the battle insurers are waging to preserve state regulation and limit federal intrusion on their activities.

• Fed Sells Remaining Maiden Lane III Securities

  By Arthur D. Postal, PropertyCasualty360.com  |  August 23, 2012

  The remnants of securities contained in facilities created by the Federal Reserve Bank of New York to help bail out American International Group in 2008 were sold today, a key milestone in the company’s efforts to end the government’s equity interest in AIG.