American International Group, Inc.
News and overview for American International Group, Inc.
AIG says it has made $12.1 million in bonus payments - MarketWatch
MarketWatch | 31 days 1 hour ago
On Friday, AIG paid $4 million to a total of four executives, three of whom AIG named. That included $1 million paid to David Herzog, its chief financial officer; $1.6 million to Kristian P. Moor, president and chief executive officer of Chartis, AIG's property/casualty insurance business; and unspecified amounts to two other executives, one of which is Jay S. Wintrob, an executive vice president.
AIG, Macy's, Toll Brothers in focus - MarketWatch
MarketWatch | 13 days 1 hour 36 minutes ago
European shares climbed on Wednesday, as miners received a lift from rising metal futures and with results from E.On and Credit Agricole helping sentiment. Asian stock markets traded mixed as investors digested recent gains and mulled a mixed bag of Chinese data.
Treasury wants more power over banks - MarketWatch
MarketWatch | 32 days 20 hours 56 minutes ago
"This would end the firm -- wind it down -- without contributing to systemwide failure," Michael Barr, the assistant Treasury secretary for financial institutions, told the House Judiciary Committee.
G20 begins push for 'peer-review' program - MarketWatch
MarketWatch | 17 days 19 hours 49 minutes ago
This weekend, the leaders have sent their finance ministers and central bank governors to St. Andrews on the windy coast of Scotland to hammer out actual plans that would make these plans a reality.
Amazon has even more upside, broker says - MarketWatch
MarketWatch | 17 days 22 hours 55 minutes ago
That gave the stock another lift on Friday. Amazon shares were up more than 3% to $125 in morning trading.
Pay czar: 'Chasm' between Wall St. and Main St. - MarketWatch
MarketWatch | 34 days 21 hours 14 minutes ago
"It's a formidable challenge that I'm not sure can be bridged," Feinberg told a governance conference organized by the National Association of Corporate Directors.
Key committee OKs post-crisis derivatives bill - MarketWatch
MarketWatch | 40 days 42 minutes ago
The House Financial Services Committee chose not to ban transactions in the complex financial instruments. However, committee members voted 43-26 to require derivatives traders and dealers to keep greater capital on hand. They also imposed new transparency, recordkeeping and reporting regulations on traders of the previously opaque derivatives transactions.
PicksThatMove.com Announces Investment Opinion on American International Group Inc., JA Solar Holdings Company Ltd., Sinovac Biotech Ltd., Fresh Harvest Products Inc. and Royal Bank of Canada [Press Release]
Business Wire | 13 days 21 hours 2 minutes ago
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Reportlinker Adds Life Insurance - Global Group of Eight (G8) Industry Guide Report [Press Release]
Business Wire | 41 days 5 hours 56 minutes ago
Reportlinker.com announces that a new market research report is available in its catalogue.
Pay czar: Pay cut rules aren't driving talent away - MarketWatch
MarketWatch | 12 days 8 minutes ago
Responding to concerns among key executives at the institutions who argue that the limitations are driving away capital, Feinberg said at a conference in Washington, "I don't believe we are discouraging talent."
Fitch Downgrades 4 Classes of Commodore CDO II, Ltd./Corp. [Press Release]
Business Wire | 7 days 19 hours 5 minutes ago
Fitch Ratings has downgraded four classes and affirmed one class of notes issued by Commodore CDO II, Ltd./Corp. (Commodore II) as a result of continued credit deterioration in the portfolio since Fitch's last rating action in August 2008. Approximately 57.4% of the portfolio has been downgraded since the last review. The details of the rating action follow at the end of this press release.
The vampire squid sinks its teeth into CIT MarketWatch First Take - MarketWatch
MarketWatch | 24 days 23 hours 39 minutes ago
MarketWatch Rolling Stone referred to Goldman Sachs as ???a great vampire squid wrapped around the face of humanity??? a description that???s been often repeated.
Reportlinker Adds Non-life Insurance - Global Group of Eight (G8) Industry Guide Report [Press Release]
Business Wire | 41 days 5 hours 40 minutes ago
...Table 99: Key Facts: American International Group, Inc. 188 Table 100: Key Financials: American International Group, Inc. 193 Table 101: Key Facts...Revenues & Profitability: American International Group, Inc. 193 Figure 100: Revenues...
Pay czar: Rules not driving away talent - MarketWatch
MarketWatch | 12 days 1 hour 17 minutes ago
Oil falls ahead of EIA petroleum data
Czar wants $198 million cut from AIG pay: source - MarketWatch
MarketWatch | 41 days 19 hours 49 minutes ago
On Sept. 1, Kenneth Feinberg started a 60-day clock to review the pay packages for top executives and employees at seven large financial institutions, including AIG, which have received $200 billion in taxpayer funds. He is expected to seek to crackdown on some perks and pricey packages.
Company Overview
| Company: | American International Group, Inc. |
|---|---|
| Industry: | Property & Casualty Insurance |
| Website: | http://www.aigcorporate.com |
Even to this day American International Group (AIG) is one of the world's largest insurance firms. While it remains in the spotlight for staggering losses and government bailouts, the company's subsidiaries are still providing insurance. AIG is a leading US provider of property/casualty and specialty insurance to commercial, institutional, and individual customers. Internationally, the company provides reinsurance, life insurance and retirement services, asset management, and financial services (including financing commercial aircraft leasing) in more than 120 countries. The US government holds more than 80% of the company, and its future remains in a state of flux.
Key Numbers
| Sales in U.S. Dollars (mil.) | 11,104 (2008) |
|---|---|
| One-year % Growth in Sales | -89.9 (2008) |
| Net Income in U.S. Dollars (mil.) | -99,289 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 116,000 (2008) |
| One-year % Growth in Number of Employees | 0.0 (2008) |
| Fiscal Year-End | December |