Pick your own health cover: How custom plans work and their hidden downsidesA health plan consists of a base plan and riders or add-ons. Earlier, the base plan comprised fixed features that could not be changed, and...
M Pallonji Group gets IRDAI’s R1 nod for general insurance ventureThe M Pallonji Group has received R1 approval from IRDAI for its general insurance venture, partnering with Divya Sehgal and Federal Bank. ...
Family floaters may be cheap, but are not always enoughAccording to insurance experts, these individuals are taking a calculated risk as they assume that all members of the family may not requir...
- AIG CEO threatens to quit if chairman doesn't first: Report
AIG Chief Executive Robert Benmosche threatened to resign last week following a deepening rift with Chairman Harvey Golub over asset-sale p...
- AIG approves $7 mn pay package for CEO Benmosche
Troubled insurer American International Group (AIG) has said that it will pay an annual pay package of $7 million (around Rs 32 crore) in c...
- AIG CEO ready to quit over pay constraints
Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions.
- AIG scraps plans to sell Japanese units: Report
The struggling insurer announced a year ago it would sell three of its Japanese life insurance businesses to help pay off an $85 billion go...
- As AIG stabilizes, new bailout plan considered
Insurer American International Group Inc's once-desperate financial state has started to stabilize, a government agency said on Monday, as ...
- New AIG CEO to receive $7 million annual salary
American International Group Inc.'s new CEO will be paid a yearly salary worth $7 million and could earn millions more in performance-based...
- Ex-AIG CEO Greenberg settles fraud charges
In complaints against Greenberg & Smith, the SEC said the pair were responsible for making misstatements on growth targets. Financial crisi...
- Tatas look to buy out AIG in life insurance JV
The possibility of Tatas buying AIG’s stake gathered steam in the aftermath of financial crisis. Gainers: BSE ( A, B ), NSE | Losers: BSE (...
- AIG sells Canadian operations for $375 million
Bank of Montreal (BMO) on Tuesday announced it is buying Canadian business of the troubled global insurance giant American International Gr...
- AIG CEO's salary is $1; no pay hike for top executives
AIG said that its CEO would get a salary of only one dollar and there would be no pay hikes for its top executives through 2009.
- Former AIG CEO Greenberg bows out of House hearing
The former chief executive of American International Group Inc., has canceled his scheduled appearance at a House committee.
- AIG's new CEO gets his big break in a tough climate
When Robert Willumstad said goodbye to Citigroup Inc three years ago, he boldly declared he was leaving to run a major company.
- AIG names Willumstad to replace Martin as chief executive
American International Group Inc., which has lost billions on bad bets on the mortgage market, on Sunday named former Citigroup Inc. execut...
- AIG enters housing fin with Weizmann buy
US financial services giant AIG has made a lateral entry into housing finance in India by buying out Weizmann Homes.