Search results
Results From The WOW.Com Content Network
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
His new book, The AIG Story, chronicles the rise and growth of AIG, including the fall and bailout in 2008. Mr. Greenberg, thank you for taking the time to talk to us today. Hank Greenberg: Thank you.
Joseph J. "Joe" Cassano (born 12 March 1955) is an American insurance executive who was an officer at AIG Financial Products from the division's founding in 1987 until his resignation in February 2008. [1] Cassano is considered a key figure in the financial crisis of 2007–2008. [2]
In 2020, AIG announced plans to perform the spin-off with a 2022 IPO. In July 2021, the company announced that Blackstone Group would acquire 9.9% of the new unit for $2.2 billion cash. Blackstone and AIG also entered a long-term asset management agreement for about one quarter of AIG's life and retirement portfolio, set to increase in ...
In 2008, as the housing market collapsed from its bubble, AIG suddenly faced billions of dollars of "collateral calls" -- counterparties demanding it put up money to back derivative insurance ...
A lot of investors may be scared of investing in insurance giant AIG but a number of data points suggest some of their fears should be lessened. AIG is almost a year removed from when the U.S ...
The lobby of AIG's headquarters in the American International Building.. The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.
For many, the history of AIG starts in September, 2008, when it collapsed and was bailed out by the U.S. government. That's unfortunate, because the company has a deep history spanning nearly a ...