Allegation about former boss Hank Greenberg settled

AIG’s D&O insurers have paid $90m to settle claims former chief executive Maurice “Hank” Greenberg deceived investors, Bloomberg reports.

The claims were that Greenberg and other officials used accounting tricks and fraudulent schemes to disguise problems, according to the filing yesterday in Delaware Chancery Court in Wilmington.

The money is being paid to AIG and not individual investors as part of the agreement.

Greenberg paid too

Greenberg’s lawyer Lee Wolosky, of Boies, Shiller & Flexner, said the case “was settled with Mr Greenberg paying nothing and other parties paying money to Mr Greenberg.”

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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.
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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