Insurance

  2010 FEB 19 - (VerticalNews.com) -- American International Group, Inc. (AIG) announced it has named six executives to corporate officer positions.

  "One of the keys to AIG's success over its 90-year history-and even more so, to its reemergence as a strong, independent company-is our ability to attract and keep strong talent," commented AIG President and Chief Executive Officer Robert H. Benmosche. "I am delighted to have the opportunity to work with some of the most seasoned and committed people in financial services today. These appointments will add another dimension of experience and energy to AIG's talented group of leaders, who continue to do an incredible job facing enormous challenges. ...read more

  2010 JAN 15 - (VerticalNews.com) -- American International Group, Inc. (AIG) announced that Anastasia Kelly, Vice Chairman for Legal, Human Resources, Corporate Affairs, and Corporate Communications, has resigned from the company, effective December 30.

  Ms. Kelly resigned for "Good Reason" under the terms of AIG's Executive Severance Plan based on the reduction in her base salary that was mandated by the Special Master for Executive Compensation for TARP Recipients ...read more

  2009 DEC 11 - (VerticalNews.com) -- American International Group, Inc. (AIG), its former Chairman Maurice R. "Hank" Greenberg, its former Chief Financial Officer Howard I. Smith, C.V. Starr & Company, Inc. ("C.V. Starr"), and Starr International Company, Inc. ("SICO") announced that they have entered into an agreement to settle all disputes between AIG, on the one hand, and Greenberg, Smith, C.V. Starr and SICO, on the other.

  Under the terms of the settlement, the parties have agreed to release each other from all claims, including any claims by Greenberg and Smith against AIG for indemnification of future legal fees and expenses or settlement costs. The parties have further agreed to submit to an independent third party Greenberg's and Smith's claims for past legal fees and expenses for a determination of which of those fees (up to a $150 million cap) AIG is legally obligated to pay under AIG's charter and by-laws and Delaware law ...read more