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NEW YORK (Bloomberg) — Carl Icahn, the activist investor calling for a break-up of American International Group, said the alternative plan presented last week by the insurer’s chief executive officer was inadequate and that he’s assembling a slate of...

NEW YORK (Bloomberg) — American International Group’s plan to spin off a portion of its mortgage insurance unit is “almost pointless” given the challenges that chief executive officer Peter Hancock faces to fix the much larger property-casualty busin...

NEW YORK (Bloomberg) — American International Group, the insurer being pressured by activist investor Carl Icahn to shrink the company, plans to pursue a partial spin-off of its mortgage-guaranty unit, according to a person familiar with the matter. ...

NEW YORK (Bloomberg) — American International Group, the insurer being pressured by activist investor Carl Icahn to boost returns, said chief financial officer David Herzog is among top managers leaving the company as chief executive officer Peter Ha...

Staff at AIG Bermuda have been helping schoolchildren to learn to read as part of the company’s efforts to give back to the community. More than 60 children from Elliott Primary School will go through the reading programme before next June, with volu...

NEW YORK (Bloomberg) — American International Group chief executive officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the valu...

Avid sailor and devoted family man John Randolph-Swainson has died at the age of 89. Mr Randolph-Swainson, who finished his business career as the vice-president of American International Group (AIG), passed away in his Boston home at the end of last...

NEW YORK (Bloomberg) — Carl Icahn, the billionaire investor known for picking fights with corporate boards, disclosed a stake in American International Group and said it should split into three companies, one offering property-casualty coverage, anot...

By Sonali Basak NEW YORK (Bloomberg) — A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the US had people thinking one thing: cyberattack. It wasn’t, but the July 8 inci...

NEW YORK (Bloomberg) — Hank Greenberg won his fight to hold the US responsible for the bitter pill it forced down the throat of American International Group shareholders. But that’s about it. The judge who called the terms of the $85 billion bailout ...

NEW YORK (Bloomberg) — American International Group named Douglas Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last year. Steenland, the former CE...

NEW YORK (BestWire) — American International Group said the US Federal Aviation Administration has approved its request to operate small unmanned aerial vehicles — also known as drones — to conduct inspections for risk assessment, risk management, lo...