AIG expected to pay $1 billion-plus to settle probes
Article Abstract:
The possibility that insurance company, American International Group Inc., may be seeking to pay a $1 billion settlement to civil-fraud investigations being conducted by state and federal authorities is discussed. The insurer and its former chief executive, Maurice R. Greenberg, allegedly misled regulators and investors by using improper accounting practices and misrepresenting financial results.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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AIG taps Citigroup veteran for chairman post
Article Abstract:
Robert Willumstad, former president of Citigroup Inc., has been appointed chair of insurance company American International Group Inc. This appointment, following the previous appointment of CEO Martin Sullivan, marks a change in governance for AIG, with the top position split into two separate jobs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Marsh's new sheriff brings a long legal pedigree
Article Abstract:
Michael G. Cherkasky is appointed Chief Executive Officer at Marsh & McLennan Companies Inc. in wake of insurance commission fees investigation by Attorney General Eliot Spitzer.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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