American International Group Inc. (AIG) signage stands outside the company's headquarters in New York, U.S., on Thursday, Oct. 29, 2015. (Photo:: Michael Nagle/Bloomberg)
A U.K. appeals court dealt the final blow to a group of former AIG Financial Products (AIGFP) employees' hopes of collecting $100 million in bonuses dating back to the financial crisis, Bloomberg reported.
Ruling in favor of AIG, the Court of Appeals overturned a November 2018 ruling that might have allowed for 23 former traders, analysts and managers at the London branch of AIG Management France SA and AIG Financial Products to pursue payment for unobtained bonuses, said Bloomberg.
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.
Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
