American International Group, Inc.

News and overview for American International Group, Inc.

Federal pay limits create storm at AIG
InvestmentNews | 1 day 11 hours 59 minutes ago
CEO acts to quell fears he will quit, but concerns remain


NOVEMBER 20, 2009 AIG Trustee Sought Exit, But Agreed to Remain
Barron's (subscription required) | 1 day 14 hours 1 minute ago
One of the three trustees who oversees U.S. taxpayers' nearly 80% stake in American International Group Inc. recently said he wanted to quit his post, but was persuaded to stay on, people familiar with the matter said.


Goldman Sachs was exposed to AIG losses: Government report
Business Insurance | 5 days 6 hours 47 minutes ago
Goldman Sachs Group Inc. could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc., according to a government report.


Goldman was exposed to AIG losses: govt report
Canada.com | 5 days 6 hours 18 minutes ago
YORK -- Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.


Goldman was exposed to AIG losses: government report
Reuters | 4 days 16 hours 59 minutes ago
NEW YORK (Reuters) - Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.


Goldman Was Exposed to AIG Losses: Government Report
ABC News | 5 days 6 hours 6 minutes ago
NEW YORK (Reuters) - Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc , according to a government report.


Dimon Seen as Successor to Geithner: Report
ABC News | 13 hours 19 minutes ago
(Reuters) - Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.


Goldman was exposed to AIG losses - govt report
Reuters | 5 days 9 hours ago
NEW YORK, Nov 18 (Reuters) - Goldman Sachs Group Inc (GS.N) could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc (AIG.N), according to a government report.


Taiwan Regulator Says Deal For Nan Shan Is Premature
Wall Street Journal, The | 17 hours 59 minutes ago
TAIPEI—A consortium led by Hong Kong's China Strategic Holdings Ltd. shouldn't have agreed to sell a stake in Nan Shan Life Insurance Co. before Taiwan regulators had agreed to let the consortium buy the insurer, Taiwan's Financial Supervisory Commission said Friday.


UPDATE 1-Goldman was exposed to AIG losses - govt report
Reuters | 5 days 4 hours 52 minutes ago
NEW YORK, Nov 18 (Reuters) - Goldman Sachs Group Inc (GS.N) could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc (AIG.N), according to a government report.


AIG CEO Benmosche Frustrated with Degree of Government Oversight
Insurance Journal | 3 days 8 hours 37 minutes ago
Copyright Reuters An American International Group Inc.'s board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said Thursday.But the board does not plan to take any action with respect to Benmosche when it meets next Tuesday, the source said.


Lawmakers seek audit after critical AIG report
Washington Post, The | 5 days 6 minutes ago
WASHINGTON -- A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc.


AIG board meets Tues, no plan on CEO: source
Reuters | 3 days 18 hours 5 minutes ago
NEW YORK (Reuters) - An American International Group Inc's (AIG.N) board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.


Lawmakers seek Fed audit after critical AIG report
Philadelphia Inquirer, The | 5 days 3 hours 53 minutes ago
WASHINGTON - A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc.


Lawmakers seek Federal Reserve audit after critical AIG report
Plain Dealer (Cleveland), The | 5 days 2 hours 7 minutes ago
A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc





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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