SEC expressed concerns about the firm's disclosure to investors in April 2008
AIG came under scrutiny for its derivatives trades months before it was bailed out by the American government in mid-September last year, according to newly released documents.
The Securities and Exchange Commission revealed on Monday that its officials had written to three AIG chief executive officers, dating back to at least April 2008, signalling that the regulator was concerned that the New York-based company wasn’t disclosing enough to investors.
AIG racked up losses in excess of $100m (£60.4m) from CDS contracts, a form of insurance on debt. AIG sold CDS contracts to numerous European banks.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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