aig

CCB Asia completes takeover of AIG HK unit

4 Nov 2009 09:05:11 GMT

China Construction Bank (Asia), which is based in Hong Kong and is a wholly-owned subsidiary of China Construction Bank Corp<601939><0939>, announced yesterday that it has successfully finished the acquisition of AIG Finance (Hong Kong) Ltd, a unit of American International Group.CCB Asia said that AIG...

AIG shares fall on talk of secondary offering

23 Sep 2009 00:39:37 GMT

NEW YORK, Sept 22 - American International Group Inc's shares fell 5.4 percent on Tuesday after speculation that the insurer was planning to sell shares, two portfolio managers said. The source of the speculation...

WRAPUP 1-As AIG stabilizes, new bailout plan considered

22 Sep 2009 00:47:39 GMT

* AIG has begun to stabilize financially-GAO report * Lawmaker tells staff to look at another loan revision * AIG's ability to repay U.S. government still unclear-GAO * AIG's ability to restructure business unclear-GAO *...

UPDATE 1-Prosecutors may impanel AIG grand jury-WSJ

14 Sep 2009 00:46:36 GMT

Sept 11 - U.S. prosecutors are preparing to impanel a grand jury to consider indicting the former head of American International Group Inc's AIG...

HK tycoon Richard Li buys AIG unit for US$500 mln

7 Sep 2009 04:31:17 GMT

Hong Kong-based Pacific Century Group, which is controlled by business tycoon Richard Li Tzar-kai, has inked a deal worth around US$500 million with American International Group Inc to take over part of the U.S. company鈥檚 investment advisory and asset management arm, AIG Investments, sources reported on...

Blunt bailout talk? AIG CEO's true passion is wine

3 Sep 2009 01:15:32 GMT

* AIG's new CEO develops Zinfandel in Croatia * Was determined not to miss first harvest * Wants to leave behind a viable business when he dies VIGANJ, Croatia, Sept 2 - AIG's new...

2nd-round bidders offer below $1.5 bln for AIG unit -source

28 Aug 2009 05:10:23 GMT

TAIPEI, Aug 28 - Three consortiums, including Cathay Financial <2882.TW> and Primus Financial, have offered less than $1.5 billion for AIG's Taiwan Nan Shan unit, a source with direct knowlege of the deal said...

UPDATE 2-New AIG CEO says expects to repay taxpayers-report

21 Aug 2009 01:31:29 GMT

* AIG CEO says will repay taxpayer debt-Bloomberg * Shares soar to highest level since stock split (Adds AIG comment, new comment from CEO, background; updates share and options activity) NEW YORK, Aug 20 -...

UPDATE 1-New AIG CEO says expects to repay taxpayers-report

21 Aug 2009 01:17:54 GMT

* AIG CEO says will repay taxpayer debt-Bloomberg * Shares soar to highest level since stock split (Adds analyst comment, more information from report; updates share price) NEW YORK, Aug 20 - Robert Benmosche, the...

AIG to sell NY buildings for $150 mln-source

24 Jun 2009 01:12:34 GMT

* Pine St, Wall St buildings fetch $100/sq foot -source * AIG shares up 2.9 pct NEW YORK, June 23 - American International Group Inc agreed to sell two downtown Manhattan buildings, including its headquarters,...

AIG, Starr had agreement on pay plan -- Greenberg

22 Jun 2009 20:24:25 GMT

NEW YORK, June 22 - Maurice "Hank" Greenberg, former head of American International Group Inc, testified on Monday he believed in 2005 that AIG wanted to end a deferred compensation agreement with Starr International, the...

UPDATE 4-U.S. states seek to join feds in AIG bonus probe

22 Jun 2009 01:38:30 GMT

* States would join federal probe * NJ says states might still act on their own * AIG accused of "half-truths" on bonuses (Updates with AIG comment, pagagraph 6) NEW YORK, June 19 - U.S....

UPDATE 3-U.S. states seek to join feds in AIG bonus probe

22 Jun 2009 01:37:05 GMT

* States would join federal probe * NJ says states might still act on their own * AIG accused of "half-truths" on bonuses (Recasts first sentence) NEW YORK, June 19 - U.S. states probing employee...

Ex-CEO Greenberg says AIG had no role in private co

22 Jun 2009 01:35:05 GMT

* Ex-CEO says AIG never involved in Starr decisions * Parties closely aligned before Greenberg ousted in 2005 NEW YORK, June 19 - Former AIG chief Maurice "Hank" Greenberg told a federal jury on Friday...

UPDATE 2-U.S. states seek to join feds in AIG bonus probe

22 Jun 2009 01:32:28 GMT

* States would join federal probe, not press own charges * AIG accused of "half-truths" on bonuses (Recasts, new throughout, adds byline) NEW YORK, June 19 - U.S. states probing employee bonuses paid by American...

Ex-CEO Greenberg says AIG wanted to drop comp plan

18 Jun 2009 18:59:57 GMT

NEW YORK, June 18 - A rift between AIG and Maurice "Hank" Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told...

Talk of bailout, bonuses barred from AIG trial

16 Jun 2009 01:19:09 GMT

* High-profile trial between AIG and ex-CEO opens * Judge also precludes talk of bonuses, investigations * Ex-CEO Greenberg may testify as early as Tuesday NEW YORK, June 15 - The government bailout of AIG...

HK tycoon Richard Li may buy into AIG unit

5 Jun 2009 03:22:49 GMT

Hong Kong-based Pacific Century Group, which is controlled by Richard Li Tzar-kai, the son of Hong Kong鈥檚 richest man, Li Ka-shing, is actively considering joining the Franklin Templeton-led consortium that is in exclusive negotiations to acquire AIG Investments, the asset-management arm of struggling American...

AIG cuts asking price for Taiwan unit -paper

3 Jun 2009 04:47:56 GMT

TAIPEI, June 3 - American International Group has lowered its asking price for its Taiwan insurance unit to $1.8-2.0 billion, prompting interest from three investors, a local newspaper reported on Wednesday. AIG had previous sought...

AIG may list AIA in Hong Kong: report

18 May 2009 05:28:06 GMT

Insurance giant American International Group (AIG) is likely to announce this week its plan to launch an initial public offering (IPO) for its Asian life insurance subsidiary, American International Assurance Co Ltd (AIA), sources reported on Monday, citing people familiar with the matter.An official announcement is...

AIG confirms it will seek Asian IPO for AIA

18 May 2009 01:45:25 GMT

American International Group Inc said on Sunday it would accelerate plans to separate its Asian subsidiary through an initial public offering...

UPDATE 1-Process for AIG Asian IPO to start soon-sources

14 May 2009 01:29:55 GMT

* AIG soon to start IPO process for Asian unit AIA-sources * Sale of public shares could come early in 2010-CEO Liddy * Liddy says leaning toward Hong Kong IPO * IPO could raise in...

PICC Property says AIG will not cut stake

17 Apr 2009 07:52:09 GMT

PICC Property & Casualty Co (PICC P&C)<2328>, China's largest non-life insurer in terms of premiums, said yesterday that American International Group (AIG) has no intention to reduce its holdings in the Chinese company, sources reported.AIG, which holds a 9.9% stake in PICC, hopes to continue its...

UPDATE 2-PICC says AIG has no intention of selling PICC shares

16 Apr 2009 09:07:00 GMT

* PICC shares fall 10 percent on poor 2008 results * Says AIG will notify PICC if wants to sell stake * Sees profit to rise in 2009 * Credit Suisse cuts PICC to neutral...

AIG ex-CEO Greenberg, Congress spar over company mess

3 Apr 2009 01:18:32 GMT

* AIG Ex-CEO Greenberg says trouble began after he left * Greenberg says as far as he knew, no losses on swaps WASHINGTON, April 2 - Maurice Greenberg, the former chief executive of American International...

CORRECTED - AIG memo may suggest privacy tied to bonus return-WSJ

25 Mar 2009 11:51:54 GMT

NEW YORK, March 24 - American International Group Inc appeared to advise staffers in its troubled Financial Products division that, if enough returned bonuses than it was unlikely their names would be publicly released,...

Obama says wanted AIG bonus details before showing anger

25 Mar 2009 00:46:36 GMT

WASHINGTON, March 24 - U.S. President Barack Obama said on Tuesday that he waited to express outrage over the bonuses paid out to AIG employees because he wanted to get more details first. "It took...

AIG memo may suggest privacy tied to bonus return-WSJ

24 Mar 2009 23:52:50 GMT

UPDATE 2-Connecticut subpoenas AIG executives on bonuses

24 Mar 2009 21:43:36 GMT

* 14 current and former AIG executives subpoenaed * Conn. top lawyer disputes Bernanke on state wage law * Blumenthal urges Fed chief to pursue lawsuit against AIG (Adds comment from state lawmaker, details) HARTFORD,...

The Best Big Companies: American International Group

29 Oct 2008 09:06:41 GMT

American International Group, Inc. (AIG) is a major American insurance corporation based at the American International Building in New York City...