Tag Archives: AIG

Arch Capital Group Ltd. recently announced that on July 1, 2017, it completed its acquisition of AIG United Guaranty Insurance, located in Bermuda, from American International Group, Inc. Arch will be changing the name of the company to Arch MI Asia Limited (Arch MI Asia).

A new report from the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) suggests the Treasury Department has failed once again to curb what SIGTARP calls "excessive" executive pay at AIG, General Motors, and Ally Financial--three companies bailed out with taxpayer funds. After investigating pay in 2012, SIGTARP reported Treasury approved pay packages worth $5 million or more for 23 percent of the top employees at AIG, GM, and Ally.