Bitter AIG dispute set for arbitration

David Hellier
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THE acrimonious financial dispute between insurance giant AIG and its former chief executive Maurice &ldquo;Hank&rdquo; Greenberg looked like it might be heading for a solution yesterday as the two sides agreed to enter into private arbitration.<br /><br />The agreement, which is also with the group&rsquo;s former financial officer, signals a reversal in the contentious relationship between AIG and its former executives.<br /><br />Greenberg has been embroiled in legal disputes with the insurer since he was ousted in 2005 after running the company for four decades.<br /><br />With the appointment of Robert Benmosche as AIG&rsquo;s chief executive, relations between Greenberg and AIG have thawed. Greenberg has said he wants to settle with AIG.