A lingering tax issue may soon be resolved, paving the way for American International Group to sell its foreign life insurance unit to MetLife for $15 billion.

American International Group reported a fourth-quarter loss of $8.9 billion, a large improvement over the $61.7 billion in loss it reported for the same period in 2008 when its implosion led to a federal bailout.

The Harford Financial Services Group has tapped a former executive with American Life Insurance Co. as its new chief financial officer.

With MetLife’s recent admission of talks with American International Group for its life insurance division, A.M. Best has put the ratings of that unit under review.

MetLife appears interested in buying an American International Group’s international life insurance unit for between $14 billion and $15 billion.

On the heels of the New York Federal Reserve obtaining shares of two American International Group subsidiaries, one U.S. senator wants a clearer picture of how the troubled insurer plan to repay taxpayers.

American International Group has completed a pair of transactions to reduce its debt with the Federal Reserve Bank of New York by $25 billion.

American International Group is working to spin off its property-casualty insurance business and has renamed it Chartis.

Chartis, whose predecessor, AIU Holdings, was profitable last year, is a separate entity, owned …  Read →

Despite rumors it may be for sale, American International Group announced it is accelerating steps to position its American Life Insurance Co. as an independent entity, seeking an initial public …  Read →

American International Group plans to conduct initial public offerings for two of its international life insurance franchises in hopes of using the proceeds – an estimated $25 billion – to …  Read →