EDWARD LIDDY DELIVERS TESTIMONY TO HOUSE SUBCOMMITTEE

EDWARD LIDDY DELIVERS TESTIMONY TO HOUSE SUBCOMMITTEE
AIG Chairman and Chief Executive Officer Edward Liddy delivered the following remarks today at a hearing held today by a subcommittee of the U.S. House of Representatives:
“Thank you Chairman Kanjorski, Ranking Member Garrett, Members of the Subcommittee. I appreciate the opportunity to appear before you, as the representatives of […]

AIG DISCLOSES COUNTERPARTIES TO CDS, GIA AND SECURITIES LENDING TRANSACTIONS

AIG DISCLOSES COUNTERPARTIES TO CDS, GIA AND SECURITIES LENDING TRANSACTIONS
American International Group, Inc. (AIG) recognizes the importance of upholding a high degree of transparency with respect to the use of public funds. As a result, after close consultation with the Federal Reserve, AIG is disclosing information identifying certain credit default swap counterparties, municipal counterparties […]

AIG ISSUES SERIES C PREFERRED TO TRUST FOR THE SOLE BENEFIT OF THE U.S. TREASURY

AIG ISSUES SERIES C PREFERRED TO TRUST FOR THE SOLE BENEFIT OF THE U.S. TREASURYPDF Versio American International Group, Inc. (AIG) today announced that on March 4, 2009, it issued 100,000 shares of Series C Perpetual, Convertible, Participating Preferred Stock to the AIG Credit […]

BANK OF AYUDHYA TO ACQUIRE AIG RETAIL BANK AND AIG CARD THAILAND PDF Version

BANK OF AYUDHYA TO ACQUIRE AIG RETAIL BANK AND AIG CARD THAILAND
PDF Version
NEW YORK, Feb 05, 2009 — Bank of Ayudhya Public Company Limited (BAY) and American International Group, Inc. (AIG) announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited. The transaction, subject to […]

AIG NAMES ANASTASIA D. KELLY VICE CHAIRMAN

AIG NAMES ANASTASIA D. KELLY VICE CHAIRMAN
NEW YORK– American International Group, Inc. (AIG) has announced that Anastasia D. Kelly, AIG Executive Vice President, General Counsel and Senior Regulatory and Compliance Officer, has been named Vice Chairman, reporting to AIG Chairman and Chief Executive Officer Edward J. Liddy. In this new position, Ms. Kelly assumes responsibility […]

AIG GLOBAL REAL ESTATE TO SELL FUND MANAGEMENT BUSINESS

AIG GLOBAL REAL ESTATE TO SELL FUND MANAGEMENT BUSINESS
AIG Global Real Estate (”GRE”) announced today it plans to divest its Fund Management Business, which operates 15 existing fund programs with over $12.4 billion in assets under management and $5.2 billion in equity capital commitments as of September 30, 2008. The Fund Management Business is a […]

AIG TO SELL AIG LIFE INSURANCE COMPANY OF CANADA TO BMO FINANCIAL GROUP

AIG TO SELL AIG LIFE INSURANCE COMPANY OF CANADA TO BMO FINANCIAL GROUP
American International Group, Inc. (AIG) announced today an agreement to sell AIG Life Insurance Company of Canada (AIG Life of Canada) to BMO Financial Group (BMO). AIG Life of Canada, headquartered in Toronto, Canada, offers a wide range of insurance and wealth products, […]

AIG ADOPTS VOLUNTARY EXECUTIVE COMPENSATION RESTRICTIONS

AIG ADOPTS VOLUNTARY EXECUTIVE COMPENSATION RESTRICTIONS
CEO Liddy Will Forego Salary Through 2009
New Restrictions Go Beyond TARP Requirements
NEW YORK, Nov 25, 2008 — American International Group, Inc. (AIG) today announced voluntary restrictions on executive compensation that include a $1 salary for its Chief Executive Officer; no 2008 annual bonuses and no salary increases through 2009 for […]

AIG NAMES DAVID L. HERZOG EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

AIG NAMES DAVID L. HERZOG EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
NEW YORK–American International Group, Inc. (AIG) today announced that David L. Herzog has been named Executive Vice President and Chief Financial Officer. Mr. Herzog will assume responsibilities for financial operations across all AIG business units, reporting to Edward Liddy, Chairman and Chief Executive Officer […]

UK: Season opener kicks-off at Brands Hatch

UK: Season opener kicks-off at Brands Hatch
Team RAC head to Brands Hatch for the first round of the 2009 HiQ MSA British Touring Car Championship season in high spirits after a series of successful pre-season testing sessions.
Team RAC’s drivers last visit to Brands Hatch in September proved a memorable one as Colin Turkington secured […]