Key Developments: American International Group Inc (AIG)

AIG on New York Consolidated

52.16USD
24 Oct 2014
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$0.54 (+1.05%)
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Latest Key Developments (Source: Significant Developments)

Coventry First And American International Group Inc file lawsuits against one another
Monday, 8 Sep 2014 09:37am EDT 

American International Group Inc:Coventry First And American International Group Inc (AIG) file lawsuits against one another.Coventry says AIG's lawsuit also is an attempt to negotiate by litigation.  Full Article

Peter D. Hancock assumes role as American International Group Inc President and Chief Executive Officer
Monday, 1 Sep 2014 08:00am EDT 

American International Group Inc:Says Peter D. Hancock has assumed role of President and Chief Executive Officer of AIG, and has joined AIG's board.Hancock succeeds Robert H. Benmosche, who retired and serves as an advisor to AIG.  Full Article

American International Group Inc agrees to acquire UK Life Protection Carrier Ageas Protect from Ageas Group
Wednesday, 6 Aug 2014 01:28am EDT 

American International Group Inc:Says that it has agreed to acquire Ageas Protect Limited from Ageas Group, the Belgium based international insurer.Says total transaction consideration is 181 million pounds (about $305 million).Says the transaction is expected to close in the fourth quarter of 2014.  Full Article

American International Group Inc declares common stock dividend
Monday, 4 Aug 2014 04:06pm EDT 

American International Group Inc:Declares dividend of $0.125 per share on common stock, par value $2.50 per share.Payable on Sept. 25, 2014 to stockholders of record on Sept. 11, 2014.  Full Article

American International Group announces settlement with Bank of America on residential mortgage related disputes
Wednesday, 16 Jul 2014 07:00am EDT 

American International Group Inc:Reaches a global resolution of its residential mortgage related disputes with Bank of America.Resolution includes its claims pending in New York and California federal courts related to the creation, offering, and sale of RMBS from which AIG and its subsidiaries suffered losses.Under the terms of the settlement, AIG will receive $650 mln in cash plus its pro rata share of whatever amount is ultimately paid out to investors in connection with the Countrywide repurchase settlement.Parties have agreed to resolve the outstanding mortgage guaranty claims disputes in accordance with agreed-to claims processes and payment formulae.  Full Article

American International Group Inc launches new line of multinational commercial property products and services
Wednesday, 18 Jun 2014 10:00am EDT 

American International Group Inc:Launches new line of multinational commercial property products and services, including expanded coverage, loss prevention engineering, and risk management solutions, for mid-sized businesses confronting global risk exposures.  Full Article

American International Group Inc names Peter D. Hancock President and CEO
Tuesday, 10 Jun 2014 04:04pm EDT 

American International Group Inc:Says that its Board of Directors has named Peter D. Hancock as President and Chief Executive Officer, the company effective Sept. 1.Peter D. Hancock succeed Robert H. Benmosche, who currently is AIG President and Chief Executive Officer.  Full Article

American International Group, Inc authorizes repurchase of additional shares
Thursday, 5 Jun 2014 06:27pm EDT 

American International Group, Inc:Announced that its has authorized the repurchase of additional shares of AIG common stock with an aggregate purchase price of up to $2.00 billion.Says repurchases may be made from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions, or otherwise.  Full Article

Al Waha Capital PJSC subsidiary completes acquisition of International Lease Finance Corporation from American International Group Inc
Wednesday, 14 May 2014 08:00pm EDT 

Al Waha Capital PJSC:Announces that its subsidiary, AerCap Holdings N.V., has completed the acquisition of International Lease Finance Corp (ILFC) from American International Group Inc (AIG).  Full Article

American International Group Inc completes sale of International Lease Finance Corporation to AerCap Holdings NV
Wednesday, 14 May 2014 05:13pm EDT 

American International Group Inc:Completes the sale of 100 pct interest in International Lease Finance Corporation (ILFC) to AerCap Holdings N.V in exchange for consideration of $3.0 billion of cash and 97,560,976 newly issued AerCap common shares.Says total value of the consideration is about U.S. $7.6 billion based on AerCap's closing price per share of $47.01 on May 13.  Full Article

China's CIC, AVIC end talks to acquire Avolon: sources

- China Investment Corp (CIC) and AVIC Capital Co Ltd have ended talks to acquire Avolon Holdings Ltd, making it likely that the aircraft leasing company will pursue an initial public offering, according to people familiar with the matter.

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