Speculation that AIG chief executive Maurice “Hank” Greenberg could retire is growing as the company faces increasing pressure from regulation authorities, reports said.
AIG has been subpoenaed by the New York district attorney Eliot Spitzer in connection with his investigations into contingent commissions at Marsh & McLennan.
The Indiana Justice Department has launched a criminal investigation into insurance AIG sold to mobile-phone distributor Brightpoint.
The US Securities and Exchange Commission is scrutinizing deals AIG set up for PNC Financial Services Group.
Reports said fines of up to $2bn may have to be paid by AIG in connection to the charges brought against it.
As chief executive and president of the company 79-year-old Greenberg could face the same fate as his son Jeffrey (former Marsh & McLennan chief executive) in being forced to resign, said reports.
