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American International Group
Robert Benmosche dies at 70; led financial giant AIG after U.S. bailout
Robert Benmosche dies at 70; led financial giant AIG after U.S. bailout

Robert Benmosche, the former president and chief executive of AIG who led the insurer's turnaround after its $182-billion government bailout, died of lung cancer Friday at NYU Langone Medical Center, the company said. He was 70. Benmosche became AIG's chief executive in August 2009, recruited for the job by the Obama administration. He had previously led insurer MetLife. American Insurance Group Inc. was bailed out at the height of the 2008 financial crisis after its near collapse when the subprime mortgage bubble burst. Regulators were concerned that AIG's demise would send shock waves through the financial system, which was already staggering after the failure of...

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