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Robert Benmosche

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  1. AIG
  2. American International Group
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AIG Property-Casualty Unit Upgraded by S&P

American International Group Inc.'s (AIG) big property-casualty unit earned an upgrade Monday from Standard & Poor's Ratings Services, the first improvement in the closely watched measure for the division since the company nearly collapsed in 2008.S&P bumped the long-term counterparty credit rating and financial-strength rating of the AIG PC Group, until recently known as Chartis Group, to A-plus from A. It cited "the successful restructuring that the AIG has undertaken during the past two years' and has made "significant investments" in the unit to improve its operations. The A-plus rating is S&P's fifth highest.Under AIG Chief Executive Robert Benmosche, the company has repaid its $182 billion bailout package--one of the biggest during the 2008-09 crisis--and is now focused on a narrower set of businesses. Mr. Benmosche became CEO in 2009.S&P credit analyst David Zuber said in a release that "AIG has sold nearly all of the businesses and assets that it had identified as noncore to re...

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  1. AIG Swings to 4th-Quarter Loss on Sandy Costs, Sale of Unit

    American International Group Inc. (AIG) swung to a fourth-quarter loss of $3.96 billion as it endured superstorm Sandy and took a charge tied to the sale of its plan...

  2. AIG Swings To $3.96 Billion Quarterly Net Loss

    American International Group Inc. said Thursday it swung to a net loss of $3.96 billion, or $2.68 per share, in the fourth quarter, as the insurer suffered $2 billio...

  3. AIG Posts $4 Billion 4Q Loss

    American International Group (NYSE: AIG) on Thursday reported a fourth quarter loss caused in part by $2 billion in payouts tied to Super Storm Sandy and another big...

  4. TARP Firms' Pay Unchecked

    The U.S. Treasury failed to rein in pay at companies that received federal bailout funds, a watchdog said Monday, in a report that highlights continued friction over...

  5. AIG Won't Participate in Lawsuit Over 2008 Bailout

    The board of American International Group Inc decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company's bailout, followi...

  6. AIG board meets on possible lawsuit vs. government as public rages

    (Editors: Note questionable language in fifth paragraph)The board of American International Group Inc met on Wednesday to consider a lawsuit against the U.S. governm...

  7. AIG may join bailout lawsuit against U.S. government

    American International Group Inc, the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout ter...

  8. AIG may join bailout suit against U.S. government

    American International Group Inc, the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against ...

  9. AIG Says 'Thanks' to Americans for Bailout in New Ads

    American International Group Inc. (AIG), the insurer that needed an $182 billion government bailout in the depths of the financial crisis, said it is launching an ad...

  10. AIG marks end of era with $6.45 billion AIA stake sale

    American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a busin...

  11. AIG to raise up to $6.5 billion through AIA share sale: sources

    American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, ex...

  12. AIG to raise up to $6.5 billion through AIA share sale: sources

    American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, ex...

  1. AIG First-Quarter Profit Falls 31% But Results Beat Consensus

    American International Group Inc.'s (AIG) first-quarter profit fell 31% to $2.21 billion as the company stopped benefiting from certain holdings, including Asian lif...

  2. AIG Blows Past Forecasts in 1Q

    Insurance behemoth American International Group (NYSE:AIG) disclosed on Thursday a 31% slump in first-quarter earnings amid year-earlier gains, but the symbol of the...

  3. AIG Warrant Buyback Closes Govt. Stake

    American International Group, Inc. said Friday it has bought back the last of the warrants it issued to the U.S. government, the final stake in the company still hel...

  4. AIG Buys Back All Remaining Warrants Issued to U.S. Treasury

    American International Group Inc. (AIG) said it has completed the repurchase of warrants issued to the U.S. Treasury in 2008 and 2009.The warrant issued in 2008 prov...

  5. AIG Swings to Loss on Sandy Costs, Unit Sale

    American International Group Inc. (AIG) swung to a fourth-quarter loss of $3.96 billion as it endured superstorm Sandy and took a charge tied to the sale of its plan...

  6. AIG's Benmosche Warns Of Smaller Bonuses In 2013

    American International Group Inc. Chief Executive Robert H. Benmosche told employees in an internal memo Thursday that after not meeting certain business goals in 20...

  7. AIG Swings to Loss on Sandy Costs, Sale of Unit

    American International Group Inc. (AIG) swung to a fourth-quarter loss of $3.96 billion as it endured superstorm Sandy and took a charge tied to the sale of its plan...

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