American International Group Inc. is cutting about three percent of its staff as Chief Executive Officer Robert Benmosche targets the property/casualty unit for reductions. Severance costs cut fourth-quarter earnings by $265 million before taxes, AIG said in a statement today. …
AIG estimates it will take $1.3 billion in losses related to Superstorm Sandy, more than other major insurance companies have reported so far. New York-based American International Group Inc. said Friday it will contribute about $1 billion to its U.S. …
The insurer AIG, the recipient of a huge government bailout during the 2008 financial crisis, named a new CEO and management team for its Chartis global property casualty business on Thursday as part of a reorganization of one of its …