American International Group Inc.’s punishment of its plane-leasing chief executive officer for a relationship with an employee is the latest setback for the insurer as it seeks to take the unit public.
Steve Miller , who calls himself “The Turnaround Kid” after a career spent helping hobbled companies survive, has another rescue mission as chairman of bailed-out insurer American International Group Inc.
The U.S. Treasury Department plans to auction warrants tied to the bailouts of Hartford Financial Services Group Inc. and Lincoln National Corp. , adding to $7.2 billion raised by similar sales and buybacks.
American International Group Inc., the bailed-out insurer, posted its biggest loss since 2009 on declines in the value of mortgage investments, planes at its aircraft-leasing unit and a stake in a former Asian subsidiary.
Robert Benmosche , who said the U.S. will be repaid with interest for American International Group Inc. ’s bailout, is set to become the insurer’s longest-serving chief executive officer since the firm’s near-collapse in 2008.
Robert Benmosche , chief executive officer of American International Group Inc. , said he was undergoing treatment for cancer and remained committed to repaying the insurer’s $182.3 billion taxpayer bailout.