Aig news

AIG (American International Group) is a multinational insurance corporation that has been in the news for various reasons over the years. Here are some recent news articles and updates about AIG:

Recent News:

  1. AIG Reports Strong Q2 Earnings: AIG reported a net income of $3.4 billion in the second quarter of 2022, a significant increase from the same period last year. The company's insurance business saw a significant improvement in underwriting results, driven by a decline in catastrophe losses. (Source: Bloomberg)
  2. AIG to Sell Its Life Insurance Business in Asia: AIG has agreed to sell its life insurance business in Asia to Prudential Financial for $2.15 billion. The deal is expected to close in the second half of 2022. (Source: Reuters)
  3. AIG to Increase Dividend Payment: AIG announced that it will increase its quarterly dividend payment to $0.32 per share, up from $0.28 per share previously. The dividend payment is expected to be made on August 26, 2022. (Source: MarketWatch)

Past News:

  1. AIG's Bailout and Recovery: In 2008, AIG received a $182 billion bailout from the US government after it faced financial difficulties due to its exposure to subprime mortgage-backed securities. The company has since recovered and repaid the bailout funds with interest. (Source: The New York Times)
  2. AIG's Settlement with the US Government: In 2010, AIG agreed to pay $1.6 billion to settle claims that it had misled investors about the quality of its mortgage-backed securities. The settlement was part of a broader effort by the US government to hold financial institutions accountable for their role in the 2008 financial crisis. (Source: The Wall Street Journal)
  3. AIG's Acquisition of Validus Holdings: In 2018, AIG acquired Validus Holdings, a Bermuda-based reinsurer, for $5.56 billion. The acquisition expanded AIG's presence in the reinsurance market and provided it with additional capital to invest in growth opportunities. (Source: Business Insider)

I hope this information is helpful!