Tag Archives: AIG

Properties in California in high probability areas for wildfires experienced much slower appreciation than other properties in safer areas.

Experienced human resources executive joins GSE to attract, retain, engage, and develop talent.

Mortgage subservicer and wholesale bank names seven to new roles within the firm, bolstering the company’s footprint in the servicing market.

Arch Capital Group Ltd. recently announced that on July 1, 2017, it completed its acquisition of AIG United Guaranty Insurance, located in Bermuda, from American International Group, Inc. Arch will be changing the name of the company to Arch MI Asia Limited (Arch MI Asia).

American International Group (AIG) announced the creation of a new business unit to expand its mortgage investments. The new company, named Connective Mortgage Advisory Company, draws upon AIG's investment expertise and the experience of its mortgage insurance subsidiary, United Guaranty Corporation, to identify and buy residential whole loan mortgages as investments, AIG said in a release.

Less than a week after turning away from a lawsuit against the government over the terms of its bailout, American International Group (AIG) Inc. filed a suit against the Federal Reserve Bank of New York over its right to sue other institutions. AIG's suit seeks no money for damages. Rather, it revolves around an asset purchase agreement (APA) made in 2008 between itself and Maiden Lane II, a vehicle specially made by the New York Fed to purchase RMBS and take off some of AIG's financial burden.

After some consideration, the board of American International Group (AIG) announced Wednesday the company will not be joining in a lawsuit brought by one of its former executives against the U.S. government. The New York Times first reported Monday that AIG's board was mulling over its options regarding a $25 billion lawsuit filed by Starr International Company on behalf of AIG shareholders and spearheaded by former AIG CEO Maurice ""Hank"" Greenberg.

The Treasury announced Tuesday it will sell the remainder of its shares of American International Group, Inc. common stock. The move brings Treasury's stake in the company to an end. After the offering, Treasury will still hold warrants to purchase about 2.7 million shares of AIG common stock. Together, Treasury and the Federal Reserve invested $182.3 billion to stabilize the failing insurance behemoth in September 2008 at the start of the financial crisis.

After bailing out American International Group, Inc. (AIG) at a price tag of $182.3 billion, Treasury and the Federal Reserve are expecting to see their full investment back, plus a return. On Monday, Treasury estimated a return of $12.4 billion after selling about $18 billion in shares. On Tuesday, Treasury then announced it expects to see an additional $2.7 billion.

The Federal Reserve Bank of New York announced an important milestone Thursday the final sale of its remaining securities from the 2008 AIG bailout. The final sales from Maiden Lane III, one of the struggling mortgage-related portfolios the Fed usurped in 2008, brought the Fed's total profit from AIG securities to $6.6 billion. The final sales from Maiden Lane III, one of the struggling mortgage-related portfolios the Fed usurped in 2008, brought the Fed's total profit from AIG securities to $6.