AIG

Lloyd Blankfein running AIG. Read more »

  • 25 Feb 2011 at 1:45 PM

AIG: BACK IN THE GAME

AIG executives, in their first conference call with Wall Street analysts in two years, sounded a cautiously optimistic tone as they mapped out the company’s future and explained its weak fourth-quarter operating results…When asked about the market position of AIG’s property and casualty business, now known as Chartis, which a Goldman Sachs analyst described on the call as being “the 800-pound gorilla” of the industry before the financial crisis, Mr. Benmosche quipped: “I would say we are about 780 pounds, and on our way back.” [WSJ]

When a group of Duke University lacrosse students were wrongfully accused of sexually assaulting a stripper a few years back, did you watch from the sidelines, wracking your brain as to how you could somehow get in on the action? You probably didn’t want to be one of the main players but when the story came up in conversation you didn’t want to comment as simply someone who’d read about it. A bit role was all you needed- just enough to speak authoritatively, like an insider, and/or to assure a mention in the closing credits of some sort of made for TV movie. If you’re taxpaying citizen of the United States, today’s your lucky day. Read more »

  • 21 Dec 2010 at 11:16 AM

Robert Benmosche Waxes Nostalgic

During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on it. “Somebody came by, grabbed the umbrella and broke it,” said AIG Chief Executive Robert Benmosche, who added that the attacker told the employee to engage in a sexual act impossible to perform on oneself. [Reuters]

  • 09 Nov 2010 at 1:08 PM

Layoffs Watch ’10: Chartis

Cuts going down circa now. Read more »

American International Group today announced that Sid Sankaran will join AIG as Senior Vice President, Chief Risk Officer. Read more »

  • 05 Nov 2010 at 1:07 PM

Robert Benmosche Is “Feeling Great”

Something you’ve probably picked up on over the last year or so is that Robert Benmosche? Is no one’s bitch. Not the market’s bitch, not Treasury’s bitch, not Andrew Cuomo’s bitch, and definitely not cancer’s bitch. At times when others would’ve rolled over and taken it, ‘Mosche told them where they could go. So it should come as no surprise that in the face of the unfortunate news of his illness, Benmosche has not only pledged to keep at it with the insurer, but not let a little c-word sideline him when it comes to keeping fit. He covered this and other topics in a memo to employees this morning. Read more »