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NEW YORK (Bloomberg) — American International Group shares were priced at $30.50 as the US cut its stake in the Treasury Department’s fourth offering of the company’s stock. The US raised $5 billion, with New York-based AIG buying $3 billion of the s...

NEW YORK (Bloomberg) — American International Group, the insurer majority-owned by the US government, posted its third straight profitable quarter as results improved at the Chartis property-casualty and SunAmerica life units. Net income rose 27 perc...

American International Group (AIG), which was taken over by the federal government in 2008, sued the US seeking $30.2 million for an alleged overpayment of taxes for 1991. The lawsuit, filed last week in the US Court of Federal Claims in Washington, ...

The Chartis sign on Richmond Road will soon say AIG once again. The Bermuda-based property and casualty unit of American International Group will reportedly revert to the AIG name this fall in a move to recognise the company’s turnaround. Speculati...

AIG property-casualty unit Chartis has laid off four employees in Bermuda and plans to cut at least six more jobs this year as part of a reorganisation. Chartis Bermuda, located in the former AIG building, now Chartis House, currently employs over 15...

Four former GenRe executives and one former executive from AIG will face trial next year on accusations they created a sham reinsurance transaction to boost AIG’s earnings. This is the second time the executives have faced trial on federal fraud cha...

NEW YORK (Bloomberg) Maurice (Hank) Greenberg, the former American International Group Inc chief executive officer, seeks to break new ground in lawsuits challenging the US takeover of the insurer in a bailout that reached $182 billion. Greenberg’s S...

American International Group Inc’s property-casualty unit Chartis is issuing $575 million worth of catastrophe bonds to increase its protection against natural disaster claims. In January this year, Chartis listed a $450 million catastrophe bond thro...