AIG Strikes $5.56 Billion Deal To Acquire a Bermuda Insurer
American International Group Inc. is acquiring a Bermuda-based insurer and reinsurer for $5.56 billion, as its new chief executive makes good on a promise to reverse nearly a decade of shrinkage stemming from its near collapse in 2008. The globalĀ ...
Berkshire boosts liability estimate on AIG reinsurance contract
Feb 24 (Reuters) - Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc . In its ...
Ally of Activist Investor Icahn to Leave AIG Board
Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc., will not seek re-election to the post at the insurer's annual meeting in May, the company said in a filing on Wednesday. Merksamer, who has ...