Outgoing American International Group Inc. Chief Executive Robert Benmosche left parting gifts for his successor, delivering strong earnings and settling a large piece of crisis-era litigation, the Wall Street Journal reported today. In the last earnings report overseen by Benmosche, the New York-based insurer yesterday posted a 13 percent jump in second-quarter profit, aided by solid results in its core operations and a gain from the last of a series of divestitures prompted by its 2008 government bailout. Separately, AIG agreed to pay $960 million to settle claims that it misled investors about its financial health from 2006 to 2008, in one of the largest settlements of investor litigation stemming from the financial crisis.
