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AIG unit could be next VA powerhouse
As insurers put the brakes on variable annuity sales, an old rival is emerging as a potential powerhouse in the business.
Star adviser who bolted Royal Alliance says AIG bosses ‘didn’t understand culture’
Meg Green, who left Royal Alliance for Sterne Agee, says bosses at former parent company AIG 'didn't understand culture'.
Surprise suitor emerging in sale of Woodbury
Sources say AIG's Advisor Group is one of four potential buyers for Woodbury, The Hartford indie B-D with roughly 1,600 reps
Dead man’s life policy finally pays off
Life insurers have paid $52.6 million in death benefits since New York's banking and insurance regulator forced the companies to use government data to identify cases where they didn't pay claims.
MetLife says 30 jurisdictions are auditing unpaid benefits
State regulators are intensifying a probe into unpaid benefits after Florida Insurance Commissioner Kevin McCarty said in May that insurers may be keeping at least $1 billion in unclaimed funds.
Merger pace slow for life insurers in 2010
U.S. life insurers had a fairly small appetite for mergers and acquisitions last year, with much of the activity encompassed in AIG's shedding of its foreign life insurance subsidiaries
‘AIG’ no longer MIA as insurer revives name in commercial
Once-demonized carrier slowly restoring its brand; 'even Charlie Sheen got another shot'
Boomers not interested in rocking chair retirement
Younger boomers more optimistic about their finances but acknowledge that they will have to work some in retirement
Fool me once: Bruce Berkowitz’s new fund omits AIG, St. Joe
Bruce Berkowitz appears to be staying away from some of his more controversial stock picks in his newest fund, The Fairholme Allocation Fund. Among the most notable absences from the top holdings of the new fund are American International Group — the flagship Fairholme Fund's top holding — and St. Joe Corp., which has received much press and attention from investors.
FSC finds replacement for Schlafly
Murphy previously served as EVP at AIG's Advisor Group; Schlafly resigned suddenly in March
AIG to pour more money into Advisor Group, Benmosche says
The public will reap a profit as the U.S. government sells off the remainder of its holdings in American International Group Inc., chief executive Robert H. Benmosche said today.
Split AIG into two units, former chairman says
Bailed-out insurer AIG should be broken up eventually because its two main businesses have “no strategic fit between them,” according to Harvey Golub, its former chairman
This insurer’s stock price could rise 32% in the next year, says Bank of America
AIG shares vastly undervalued, analyst says; specter of government ownership still a turn-off
SagePoint Financial back on offense with Spectrum Capital purchase
After struggling during the darkest days of the credit crisis, SagePoint Financial Inc., which is owned by American International Group Inc., is back to playing offense, today closing a purchase of the assets of Spectrum Capital Inc.
FSC Securities CEO unexpectedly resigns
Mark Schlafly, chief executive of FSC Securities Corp., one of three independent broker-dealers owned by AIG, has resigned due to personal reasons, the company said last week
Profit expected from sale of AIG shares
The public will reap a profit as the U.S. government sells off the remainder of its holdings in American International Group Inc., chief executive Robert H. Benmosche said last week
AIG prepares succession plan
American International Group Inc. is at a point in its recovery where the insurer's next chief executive will be able to focus on running day-to-day operations rather than crisis management, observers said.
AIG memo: ‘Complete government exit’ in the works
Insurer aiming to regain independence; market conditions the wild card
Indexed annuities regain AIG unit after banner year
Western National Life Insurance Co. has jumped back into the indexed-annuity market after more than 18 months on the sidelines.
AIG ‘shouldn’t exist,’ says former chairman
No strategic fit between insurer's two main units, Golub insists; sees carrier eventually being broken apart
