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NEW YORK (Bloomberg) — American International Group is weighing a plan to hire Bermudian Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations. Other candidates are ...

NEW YORK (Bloomberg) — When a board member of a publicly traded US company sells even a small personal holding, the director typically has just two business days to disclose the transaction, under securities rules to promote transparency. But when Jo...

LONDON (Bloomberg) — American International Group, the global provider of commercial property-casualty coverage, said it plans to open an insurer in Luxembourg to write business in the European Economic Area and Switzerland once the UK exits the Euro...

American International Group said its chief executive officer is to step down. Peter Hancock will remain CEO until a successor is found, the company said today. AIG, a New York-based global insurer with offices in Bermuda, has posted losses in four o...

NEW YORK — American International Group’s headcount fell by 10,000 last year as chief executive officer Peter Hancock sold units and cut jobs. The number of employees fell by 15 per cent to 56,400 as of December 31, New York-based AIG said in a regul...

Almost a dozen years ago, then-New York Attorney-general Eliot Spitzer filed a fraud lawsuit against former American Insurance Group chief executive officer Maurice “Hank” Greenberg over two reinsurance transactions that purportedly gave an improper ...

NEW YORK (Bloomberg) — American International Group Inc posted its fourth loss in six quarters, burnt again by higher-than-expected claims costs as chief executive officer Peter Hancock struggles to sustain profitability. The net loss widened to $3.0...

NEW YORK (Bloomberg) — Maurice “Hank” Greenberg, the former American International Group chief executive officer, lambasted the New York State attorney-general’s office after admitting that he approved two reinsurance deals that regulators have calle...

AIG Bermuda has donated $35,000 to charities nominated by staff. This year the group, which makes the contribution annually, has distributed $5,000 each to Age Concern, Bermuda Sloop, Coalition for the Protection of Children, Meals on Wheels, Reading...

Kayleb Butterfield has been chosen as the recipient of the 2016 American International Company Limited $30,000 per annum scholarship award. Kayleb will be pursuing a BSc in Actuarial Science at Western University in London, Ontario, Canada. AICO, the...

NEW YORK (Bloomberg) — The US Supreme Court turned away an appeal by Maurice “Hank” Greenberg, refusing to derail a fraud lawsuit by New York state against the former American International Group chairman. Three months after a trial in the case began...

NEW YORK (Bloomberg) — American International Group, the largest commercial insurer in the US and Canada, has been increasing lending for apartments as the company seeks to counter low yields on publicly traded bonds and volatility from hedge fund ho...