AIG says Benmosche will stay CEO (Reuters)

NEW YORK (Reuters) - Bob Benmosche will remain as chief executive of bailed-out insurer American International Group Inc for at least another year, having responded "very well" to treatment for...

NEW YORK (Reuters) - Bailed-out insurer American International Group on Monday said Chief Executive Robert Benmosche has cancer and has an unclear prognosis, casting another shadow on the company as...

(Reuters) - Bailed-out insurer American International Group Inc will sell its shares in Asian insurer AIA Group Ltd after a lock-up period expires in early September, Chief Executive Bob Benmosche said on Wednesday. Benmosche said the shares "will be liquidated after September 4," according to a transcript of AIG's annual shareholder meeting on its website. He said the sale would help decrease volatility in AIG's earnings. AIG spun off two-thirds of AIA in 2010 as part of a package of asset sales to repay its $182 billion U.S. government rescue. ...

While Ackman and Loeb battle it out over HLF, the other potentially firework-prone battle has died an ignominious death. The WSJ reports that AIG has generously decided not to bit the Treasury hand that fed it just a few short years ago:

NEW YORK (Reuters) - Bailed-out insurer American International Group Inc will resume using its brand name in public in a move to recognize the company's turnaround, Chief Executive Bob Benmosche said on Thursday. AIG, which received $182 billion in government bailouts during the financial crisis, has all but shunned its own name for years. Not only did various AIG units reorganize under rebranded holding companies, at one time employee ID badges did not even identify the company by name -- a measure, Benmosche has said, to protect employee safety. ...