Insight and Intelligence on the Global Facultative Markets

5 February 2012

Greenberg and Smith settle with AIG

26 November 2009


The historic settlement ends all outstanding lawsuits and blocks the way for any future actions between AIG and Starr International Company (SICO), which Greenberg now heads, and its affiliate CV Starr.


The parties have agreed to release each other from all claims, including any by Greenberg and Smith against AIG for indemnification of future legal fees and expenses or settlement costs.


Claims by Greenberg and Smith for past legal fees and expenses, which have been capped at $150mn, will now...


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