American International Group, which has been bailed out by the US government, plans to remove AIG from the name of its US auto insurance unit, aigdirect.com, and rebrand it as 21st Century Insurance in January 2009. The auto unit also plans to cut 6.6% of its workforce.
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SHANGHAI, Nov 19 (Reuters) - Foreign life insurers' market share in Shanghai, China's commercial hub and a key market, declined for a third month in a row in October as troubles at overseas firms such as AIG dented consumer confidence.
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Nov. 18 (Bloomberg) -- New York Attorney General Andrew Cuomo demanded to know if American International Group Inc. will give bonuses or pay raises, a day after Goldman Sachs Group Inc. said it is scrapping 2008 awards for top executives.
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