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American International Group (AIG) has launched a new Bermuda-domiciled subsidiary in response to strong demand for alternative risk financing programmes, particularly from small and medium-sized companies. Grand Isle SAC Ltd will offer customers the...

American International Group CEO Robert Benmosche has been named Insurance Leader of the Year by St John’s University’s School of Risk Management (SRM). Mr Benmosche will be honoured at a dinner on Wednesday at 6pm at the Marriott Marquis in New York...

ALBANY, New York (AP) — Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. The complaint at the Joint C...

AIG Bermuda have pledged to support local charities by “granting the gift of employee man-hours” twice a year. The multinational insurance giant sent 29 employees to volunteer with the Eliza DoLittle Society yesterday where they prepared and cooked f...

American International Group has named Bermudian Anthony Philip as the new president and CEO of its Bermuda subsidiary. Mr Philip, a former manager at the Bermuda Monetary Authority, joined AIG in 2008. He succeeds David Valzania, who was recently na...

American International Group Inc (AIG) had the ratings of its property-casualty units upgraded after chief executive officer Robert Benmosche sold assets to repay a US bailout and simplify the company. Standard & Poor’s upgraded AIG’s P&C business fi...

American International Group Inc. (AIG), the insurer that repaid a bailout last year, posted a first-quarter profit that beat analysts’ estimates as results improved in the company’s property-casualty operation. In the first three months of this yea...

NEW YORK (Bloomberg) — American International Group Inc. plans to rebuild life-insurance sales outside the US after divesting operations in Asia and Europe to help repay a taxpayer bailout, chief executive officer Robert Benmosche said. “We’re going ...

AIG plans to make further job cuts in Bermuda over the coming year. Staff at American International Company Limited in Bermuda have been told to expect a “gradual” reduction in employees over the next six months to a year and a half. President and CE...

If you’re among the US taxpayers who watched in horror as $182 billion of your money made its way to the collapsing insurance giant American International Group during the financial crisis, it might come as a surprise to learn that your forced munifi...