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[7] [8] On 1 January 2020, Zaffino was promoted to president of AIG and continued as global COO. [9] On March 1, 2021, he became AIG's CEO. [4] Later that year, Zaffino was appointed chairman of the AIG board of directors, effective January 1, 2022. [10] Prior to joining AIG, he was with Marsh & McLennan Companies (MMC) [2] [3] for 16 years.
AIG filed suit against the Federal Reserve Bank of New York in January 2013 in order to maintain the former's right to sue Bank of America and other issuers of bad mortgage debt. [156] The specific issue was whether the Federal Reserve Bank of New York transferred $18 billion in litigation claims on troubled mortgage debt through Maiden Lane ...
At the age of 26 in 1973, shortly after completing his military service, Duperreault was hired at AIG as an actuary. [12] [10] AIG at the time was a midsize property-casualty insurer, and was in the early stages of its transformation by CEO Maurice R. "Hank" Greenberg into one of the world's largest financial-services firms.
AIG owns International Lease Finance Corporation (ILFC), the world's largest aircraft leasing company, with hundreds of aircraft including the full range of Boeing and Airbus jetliners, as well as the McDonnell Douglas MD-11 and MD-80 Series. Total assets under lease are $55 billion as of June 30, 2008.
Jeffrey W. Greenberg, former chairman and chief executive officer of Marsh & McLennan Companies, chairman and CEO of Aquiline Capital Partners, [56] which he founded in 2005 in New York. [57] Evan G. Greenberg, chairman and chief executive officer of Chubb Ltd and Chubb Group. [58] L. Scott Greenberg, venture capitalist in New York.
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[2] [3] [4] Win Neuger who joined AIG in 1995 to lead and grow the division, was the CEO of AIG Investments as well CIO of AIG. [ 5 ] [ 6 ] [ 7 ] In 2004, AIG Investments set up a joint venture with Huatai Securities forming AIG-Huatai Fund Management (now known as Huatai-PineBridge Fund Management).
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.