Aug 4- Insurer American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit.
Aug 4- American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across all its key businesses, and the insurer said it would expand its buyback program by $2 billion.
NEW YORK, July 6- When Goldman Sachs' then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank's management didn't know who would lead the firm.
June 10- American International Group Inc said Peter Hancock would succeed Robert Benmosche as chief executive and president, effective Sept. 1. Before joining AIG, he was vice chairman of KeyCorp and a former chief financial officer at JPMorgan Chase& Co.
June 10- American International Group Inc said it named Peter Hancock as its new chief executive, effective Sept. 1. "As AIG enters a time of great change and opportunity, we are confident that Peter Hancock is uniquely qualified to lead the company and its employees to future success," AIG chairman Robert Miller said.
June 10- American International Group Inc said it named Peter Hancock as its new chief executive, effective Sept. 1. Hancock, the head of the insurer's global property-casualty business, succeeds Robert Benmosche, who will retire in September. Benmosche will take up an advisory role at AIG, the company said in a statement.
May 12- American International Group Inc's search for its next chief executive has narrowed down to two internal candidates, the Wall Street Journal reported, citing people familiar with the matter.
AIG CEO Robert Benmosche weighs in on Q4 earnings. AIG stands for ability to ensure properties and is about risk diversification, he says.
AIG CEO Robert Benmosche nominates former Fed chair Ben Bernanke to CNBC's top 25 contender list. Bernanke is an "unsung hero" for creating the strong financial system we have today.
"AIG is an important part for the financial system" says AIG CEO Robert Benmosche. The system is safer and stronger now than it has been in a long time, he adds.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
Once the poster child for the U.S. financial crisis, the insurer's business is now thriving, and the stock has doubled since August of 2009. CNBC's Mary Thompson reports on the company's turnaround.
Jim Cramer explains why he is backing American International Group, even though it is heavily held by hedge funds.
Robert Benmosche, president & CEO of AIG, explains what stands out to him about the company's earnings.
AIG announced Friday that it had repaid its final debt to the U.S. Treasury of its $22.7 billion government bailout.
CNBC's Mary Thompson has been following AIG's board meeting and offers details. Meanwhile Robert Benmosche, AIG CEO, explains why he decided not to join Hank Greenberg's lawsuit.
The U.S. Treasury is selling its remaining stake in insurer American International Group, bringing an end to government ownership of the company about four years after a $182 billion bailout.
*EPS of $1.13 vs 86 cent Street view. The remaining stake pertains to AIG shares the Treasury Department owns in exchange for capital it infused. Last quarter, the Treasury Department sold $26.5 billion worth of AIG shares, including approximately $8 billion purchased by AIG.
"We don't know exactly what happened; I'm just as surprised as anybody else," said AIG's CEO, Robert Benmosche, to CNBC's Bob Pisani, on the sudden departure of Citi's CEO, Vikram Pandit.
American International Group reported Q1 EPS of $1.65 versus an estimate of $1.12. Robert Benmosche, AIG president and CEO, offers insight on the company's latest strategy.