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Article: AIG and firm settle cases Deal clears way for Greenberg to expand
- Article from:
- International Herald Tribune
- Article date:
- December 7, 2006
- Author:
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Jenny Anderson
International Herald Tribune
12-07-2006
The American International Group and C.V. Starr, a firm controlled by Maurice Greenberg, the former chairman and chief executive of AIG, have settled 18 court cases and arbitrations, freeing Starr it to continue building its domestic and international insurance and investment businesses.The settlement, announced Tuesday, covers a wide range of disputes, including claims by AIG to the ownership of Starr's assets, its name and its agency business. Starr has two businesses: investing and managing general agencies that used to sell solely AIG commercial insurance. Those agencies now sell other insurance for companies, including Berkshire ...