Insight and Intelligence on the London & International Insurance Markets

25 May 2013

Search archive

Other articles of interest
Great American leads $150mn claim on AIG D&O cover
Chartis leads limited Goldmans D&O cover
AIG $550mn sting from workers’ comp
Chartis leads Goldman D&O cover as litigation mounts
Cuomo in $120mn parting shot with Ace and Zurich

AIG D&O insurers reach $90mn settlement

10 September 2010

A further chapter in the spate of litigation unleashed by the American International Group (AIG) and its former CEO Hank Greenberg was closed last month, with insurers on the directors' & officers' (D&O) programme agreeing a $90mn settlement.

The action, originally brought by investors in 2005, claimed that 20 AIG senior executives, including Greenberg, had exercised poor oversight of the company.

The suit alleged that the executives - including Greenberg, former vice-chairman Edward Matthews and former CFO Howard Smith -...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share:
This article was published as part of issue September 2010/2

Insider Publishing Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2013. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π