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...AIG has had a string of chief executives and a stop-start restructuring since its bailout in the 2008 financial crisis....
...So how will AIG respond to the heavy vote defeat?...
...meetings France: Q4 unemployment rate figures Germany: February Zew Economic Sentiment Survey UK: February labour market data US: January CPI inflation rate data Results: American International Group (AIG...
...He had done one stint in the CFO role, from 2018 to 2021, having joined AIG from Arch Capital....
...He joined Icahn’s hedge fund in 2012 and was nominated by the octogenarian billionaire activist investor to serve as a director of companies including AIG, PayPal Holdings and Xerox....
...At around the same time, AIG completed the minority stake IPO of Corebridge Financial, an annuity company, at a valuation of about $13.5bn....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...Speaking to investors in February, Steven Roth, chief executive of Vornado Realty Trust, one of New York’s largest office landlords, conceded that the five-day work week was finished....
...For example, in 2008 when Goldman Sachs and GE needed capital infusions, he stepped in on very favourable terms but passed on Lehman and AIG as saw too many red flags....
...In its filing, AIG said that the proposed reorganisation of AIG FP would limit the overall bonus pool to $1mn for 46 executives....
...The financial powerhouse helped the US sell off assets from the 2008 collapses of Bear Stearns and AIG, evaluated troubled banks for the Irish and Greek governments, and advised both the Fed and the European...
...UBSO: 6; L: 7; I: 7; Total: 20The legal team at the bank advised on the sale of UBS and Mitsubishi’s joint venture, Mitsubishi Corp-UBS Realty, to global investment fund KKR for $2bn....
...On an earnings call last week, Steven Roth, chief executive of Vornado Realty Trust, acknowledged that hybrid working would not be a passing phenomenon, telling analysts: “I think you can assume that Friday...
...AIG is offering some modest cheer to Wall Street. It plans to float its life and retirement insurance business, Corebridge Financial....
...After more than 20 years in the industry — including a stint at US insurer AIG — Strong joined Tokio Marine HCC in 2019, reporting to executive Mark Callahan....
...AIG last month said it had delayed the listing of Corebridge because of the “high degree of equity market volatility” in May and June....
...Equinix and Digital Realty are some of the biggest real estate investment trusts in Europe....
...Since 2008, AIG has received and paid back a $182bn government bailout while churning through seven chief executives....
...The group led by AIG argued that the decision to retain the aircraft was a political one — which could put it outside the scope of the coverage that they provide....
...AIG fired its interim chief financial officer Mark Lyons over a violation of confidentiality rules....
...One of the investors in the Cerberus group is Kimco Realty....
...Bhalla landed the chief executive job at AEL in early 2020 after stints at MetLife and AIG, where he had become a close ally of Peter Hancock, the longtime JPMorgan executive who had taken the helm of the...
...Both Corebridge and the rest of AIG will use BlackRock’s investment management technology, known as Aladdin. “BlackRock is honoured to have been selected to serve AIG as a strategic partner....
...The real estate group is acquiring Duke Realty for $25.6bn, including debt. Under the terms of the all-stock deal, Duke shareholders will receive 0.475 of a Prologis share for each of theirs....
...Teraco is the industry leader in South Africa and the continent’s connectivity hub,” said A William Stein, Digital Realty’s chief executive....
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