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Making hay of bailout pay has made my day
In the dizzying array of press releases that cross my desk each day, this headline made me laugh – and read on: “No Bailout Needed: Long Term Care Insurance Leader Declares Dividend, Plans Strong 2009...
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AIG reports smaller losses in first quarter
American International Group, after receiving more than $170 billion in U.S. government aid, reported a net loss of $4.35 billion, the smallest loss in the last six quarters. Estimates in the days...
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AIG employees agree to bonus cut, still receiving $100 million
Employees at American International Group are accepting a bonus reduction of $20 million, nearly a year after their bonuses received national attention, prompting a U.S. House of Representatives’...
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Despite $8.9 billion in losses, AIG says it is ‘taking the right steps’
American International Group reported a fourth-quarter loss of $8.9 billion, a large improvement over the $61.7 billion in loss it reported for the same period in 2008 when its implosion led to a...
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AIG sells Asian life insurance unit in one of largest deals in history
American International Group agreed to sell its Asian life insurance business for $35.5 billion, making it one of the largest insurance deals in history. AIG will use the money to pay off nearly...
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MetLife, AIG reach $15.5 billion deal for global life insurer
In a move it says is “an important step toward repaying the government,” American International Group has agreed to sell its international life insurer to MetLife for $15.5 billion. MetLife said it is...
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Report: AIG holding $21 million in bonuses for Financial Products unit
Set to dole out $195 million in bonuses to its current and former employees, American International Group is holding back $21 million owed to employees of its Financial Products unit, according to...
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AIG reports $1.5 billion first quarter profit, ‘more work to be done’
As it works to stabilize its operations and repay billions in federal bailout funding, American International Group reported $1.5 billion in net income through its core insurance business for the first...
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AEGON eyes possible sale of U.S. arm of Transamerica Reinsurance
AEGON is considering the sale of the U.S.-based portion of its Transamerica Reinsurance unit, but not the British division. The sale would allow it to increase returns and boost growth among its life...
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Report: AIG continuing to pay down bailout loans
American International Group appears to be making progress toward paying back the remainder of what it owes on the $182.3 billion federal bailout. Robert H. Benmosche The global insurer has decreased...
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