Insurance News

Posts Tagged ‘Employees

NEW YORK, Oct. 27 /PRNewswire/ — There have been a number of recent reports about an exodus of employees from A.I.G., and the role of C.V. Starr & Co., Inc. Over the last year, we understand that a number of AIG’s 100,000 employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses. Only thirteen of those employees have joined C.V. Starr & Co., Inc., which was formed in Read the rest of this entry »

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WASHINGTON – Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm’s executives have begun returning all or part of bonuses totaling $165 million. Edward Liddy offered no details, and lawmakers were in no mood to wait.

He was still fielding their questions when House Democratic leaders announced plans for a vote Thursday on legislation to Read the rest of this entry »