A unit of American International Group Inc., the insurer majority owned by the U.S. government, filed a notice of appeal challenging a judge’s order to pay more than $45 million to SunTrust Banks Inc. to fulfill mortgage insurance contracts.
American International Group Inc., the insurer bailed out by U.S. taxpayers, is investing in home- loan insurance, a business that Aldo Zucaro, chief executive officer of rival Old Republic International Corp., said doesn’t make sense.
American International Group Inc., the insurer that counts the U.S. as its largest shareholder, promoted Donna DeMaio to run the mortgage guaranty business as the company expands bets on a housing rebound.
American International Group Inc. ’s mortgage guarantor, which recorded a quarterly profit for the first time since 2007, may continue to post improving results as it seeks to take market share from rivals, an executive said.
American International Group Inc. is holding out as rival mortgage insurers accept policy changes that support the U.S. government push to stoke refinancing among borrowers with little or no home equity.