American International Group has struck a deal in principle with federal officials "designed to repay all its obligations to American taxpayers" while positioning the company as "strong, independent and worthy of investor confidence."
AIG released details of its plan last week to pay back taxpayers for bailing out the mammoth company, gradually allowing the federal government to reduce its various forms of financial assistance.
The plan will allow the company to "concentrate our full attention on managing our businesses for the benefit of all of our stakeholders," according to Robert H. Benmosche, president and chief executive officer, who said AIG will "repay the taxpayers with a profit."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
