American International Group appears to be making progress toward paying back the remainder of what it owes on the $182.3 billion federal bailout.

AEGON is considering the sale of the U.S.-based portion of its Transamerica Reinsurance unit, but not the British division.

As it works to stabilize its operations and repay billions in federal bailout funding, American International Group reported $1.5 billion in net income through its core insurance business for the first quarter of 2010.

Set to dole out $195 million in bonuses to its current and former employees, American International Group is holding back $21 million owed to employees of its Financial Products unit, according to Reuters.

In a move it says is “an important step toward repaying the government,” American International Group has agreed to sell its international life insurer to MetLife for $15.5 billion.

American International Group agreed to sell its Asian life insurance business for $35.5 billion, making it one of the largest insurance deals in history.

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.

Employees at American International Group are accepting a bonus reduction of $20 million, nearly a year after their bonuses received national attention, prompting a U.S. House of Representatives’ subcommittee hearing.

American International Group, after receiving more than  $170 billion in U.S. government aid, reported a net loss of $4.35 billion, the smallest loss in the last six quarters.

Estimates in the …  Read →

In the dizzying array of press releases that cross my desk each day, this headline made me laugh – and read on: “No Bailout Needed: Long Term Care Insurance Leader …  Read →