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It’s the ‘Benmosche Show’ now: Golub out at AIG
The resignation of AIG chairman Harvey Golub may have come abruptly on Wednesday evening -- but it came as no big surprise.
AIG-free branding helps push Western National past FA rivals
Western National Life, an AIG Inc. subsidiary, emerged as the top fixed-annuity seller in the bank channel during the third quarter of 2009, displacing rival New York Life Insurance Co., according to data from Beacon Research Publications Inc.
AIG agrees to pay $725M to investors in settlement
American Insurance Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds.
AIG’s financial condition is stable, GAO report says
American International Group Inc.'s financial position remains relatively stable, according to a report released last week by the Government Accountability Office.
AIG broker-dealer snaps up wealth manager
Good news for the unit, which saw one-quarter of its sales force flee the firm in 2009.
Regal Financial and its 100 advisers bolt from AIG’s SagePoint
In a huge blow to SagePoint Financial Inc., one of three broker-dealers that make up the AIG Advisor Group Inc., its largest group of reps and advisers is walking out the door following a bitter dispute over group's role and future at SagePoint.
AIG’s broker-dealer network loses another star rep
Latest to leave embattled firm since the federal government's bailout of American International Group Inc., the broker-dealer network's parent company
AIG makes key hires and sells more assets
American International Group Inc. recently made several high-level appointments and agreed to sell some assets, but recruiting talent and repaying government debt will remain challenges, according to experts.
AIG shares slide; report speculates on brain drain
Shares of American International Group Inc. fell Tuesday as the company continues to face challenges in repaying government funds.
FSC Securities sued by former branch manager after alleged buyout attempt
A former branch manager who headed one of the largest groups of reps at FSC Securities Corp. is suing the broker-dealer after what he claims was a thwarted and contentious attempt to buy the business from parent AIG Advisor Group earlier last year.
Two top financial advisers flee AIG’s Royal Alliance
Two long-established advisers have left Royal Alliance Associates Inc., one of the broker-dealers in the AIG Advisor Group, citing mistrust of management after AIG's top executive elected to hold onto — rather than sell — the broker-dealer network.
Bonus plan stirs pot at AIG’s adviser unit
AIG Advisor Group Inc.'s move to dole out retention bonuses to assuage the 6,000 or so brokers who have remained loyal through the tumult of the past year appears to be too little, too late, or simply too binding for some advisers.
Banks’ annuity fee income rose, FA sales fell in "09 3Q
Fee income from annuity sales climbed at bank holding companies during the first three quarters of 2009, but sales of fixed annuities in the bank channel slipped, according to two separate studies released last week.
AIG throws in a clunker, reports surprise $8.8B loss in 4Q
After two successive profitable quarters, the besieged insurer reports a loss of nearly $9B in the fourth quarter.
‘Disrespected’ Regal Financial bolts from AIG’s SagePoint
In a huge blow to SagePoint Financial Inc., one of three broker-dealers that make up the AIG Advisor Group Inc., its largest branch of reps and advisers is walking out the door following a bitter dispute over the latter's role and future at SagePoint.
Are you a 4? AIG said to be rolling out rating system for incentive comp
American International Group Inc. is launching a plan to revamp how it arrives at incentive pay for its workers, according to the NY Times.
MetLife near deal to buy AIG unit
MetLife Inc. is in the final stages of talks with American International Group Inc. about a deal to buy AIG subsidiary American Life Insurance Co. for about $8 billion in stock and access a bridge loan, according to published reports.
TARP top cop blasts ‘backdoor’ bank bailouts in AIG rescue
An independent investigator is launching two probes into the government's rescue of American International Group Inc. and the insurer's subsequent payments of billions to big banks.
AIG agrees to sell Alico to MetLife for $15.5B
Last week, AIG announced it was unloading its Asia-based operations. On Monday, the embattled insurer agreed to sell its Alico unit to MetLife for $15.5B. Is Nan Shan next?
Deconstructing AIG: Insurer to sell its Asian ops to Prudential PLC for $35.5B
The quest for cash continues, as the besieged company agrees to sell off its Asian unit to Prudential PLC for $35.5B. The next to go? Ask MetLife.
