Posts Tagged ‘AIG’

MetLife near $15 billion deal for AIG unit

NEW YORK (Reuters) – A tax question holding up American International Group Inc’s (AIG.N) sale of its foreign life insurance unit to MetLife Inc (MET.N) is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said on Thursday. Timing on a deal for American Life [...]

AIG Launches New System for Incentive Pay

American International Group has launched a new system to determine how employees get incentive pay, a move that follows public outcry over retention payments the bailed-out insurer made to some staff. Under the plan, which is being pushed by Chief Executive Robert Benmosche, AIG will rank employees on a scale of 1 to 4, based [...]

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