American International Group’s (AIG) directors and officers’ insurers will pay $150 million to resolve legal disputes with former company executives.

In the latest good news for the previously troubled company, IFAwebnews.com reports that AIG has entered into three bank credit facilities for $1.5 billion, under the guidance of CEO and knight in shining armor, Robert Benmosche.

American International Group (AIG) investors, who were barred from suing companies that conspired with AIG executives in an alleged bid-rigging scheme, should be able to sue those companies, lawyers for the investors told the U.S. Supreme Court recently.

Martin Sullivan, a former American International Group chief executive, has been chosen to run a new insurance brokerage business for Willis Group, the third largest insurance broker.

A New York Supreme Court justice has called the state’s case against former American International Group executive Maurice “Hank” Greenberg, alleging fraud over a reinsurance transaction, both “devastating” and “strong.”

Ohio’s attorney general says a federal court ruling granting class-action status for three of the state’s pension funds against American International Group is “a substantial step closer to justice.”

First, Eliot Spitzer painted a target on his back, says Hank Greenberg. Then, with the bailout of AIG, the fed hoped that it would be able to bring the company …  Read →

Hank Greenberg and the company that he built into a behemoth, AIG, have stopped throwing sand and have agreed to play nicely in the sandbox.

Representatives of both have signed documents …  Read →

After nearly four years of legal wrangling, former American International Group chief executive officer Maurice “Hank” Greenberg and his ex-employer have agreed to resolve their differences.

First, Hank Greenberg denied that he was “stealing” top talent from AIG and hiring them at his new company. (click herefor story) Greenberg asserted that AIG itself and government intervention …  Read →