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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...

NEW YORK (Bloomberg) — American International Group is in talks to sell its mortgage insurer, United Guaranty Corp, to Arch Capital Group as chief executive officer Peter Hancock works to simplify his company and free up capital to return to sharehol...

CHICAGO (Bloomberg) — American International Group chief executive officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. “Of all of the strategic issues...

American International Group may have turned a corner with its latest financial results, according to industry experts. They were speaking in the wake of the latest quarterly results from the insurance giant, the first since the company announced a s...

NEW YORK (Bloomberg) — American International Group said it will buy back $3 billion of stock after second-quarter profit climbed 6.3 per cent, helped by asset sales. The insurer climbed in extended trading in New York. Net income advanced to $1.91 b...

NEW YORK (Bloomberg) — American International Group, the insurer that’s shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the value of other investments. The f...

NEW YORK (Bloomberg) — American International Group veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the insurer overhauls management. Seraina...

“Ask any veteran stock analyst what industry group draws the smartest but quirkiest colleagues,” strategist Nicholas Colas of ConvergEx Group wrote in a note to clients earlier this month, “and you’ll probably hear one sector more than any other: ‘In...

NEW YORK (Bloomberg) — American International Group posted its second-straight quarterly loss, adding to pressure on chief executive officer Peter Hancock, who lifted the dividend and announced a $5 billion share buyback as he fights demands from act...

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...