Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Casino Gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL
Mar 24 2020 // A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among...
AIG Taps Hancock from Lloyd’s as CEO of International General Insurance
Feb 27 2020 // American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance. In this role, Hancock will lead the International operations of AIG’s General...
AIG Maps Out Major Investment in Technology, Core Processes
Feb 14 2020 // American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology infrastructure and services. The...
AIG and P/C Underwriting Post Profit for Q4
Feb 13 2020 // American International Group reported fourth quarter 2019 net income of $922 million compared to a net loss of $622 million in the prior-year quarter. The results reflected improvement in its closely-watched General...
‘Numbers Guy’ Zaffino Expected to Succeed Duperreault as AIG CEO…Eventually
Feb 12 2020 // Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained...
Brit Global Specialty Names AIG’s Ruhlman to U.S. Cyber Team
Jan 14 2020 // Brit Ltd. has named Douglas Ruhlman as assistant vice president, Cyber, for Brit Global Specialty USA. Ruhlman will work to support the underwriting and growth of Brit’s U.S. cyber portfolio. He will report to Jeff...
BHSI Taps AIG’s Browne as Ireland Country Manager, Head of Casualty, U.K. & Europe
Jan 7 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Hilary Browne to the dual role of country manager for Ireland and head of Casualty for U.K. and Europe. Browne comes to BHSI with nearly 20 years of...
Capsicum Re Launches Aviation Reinsurance Team, Led by Bell from AIG
Jan 6 2020 // Capsicum Re, the specialist reinsurance broker, launched a aviation reinsurance team led by David Bell. Bell is based in London and reports to Matt FitzGerald, managing partner of the London Property and Specialty...
Zaffino Assumes Added Role of President at AIG
Dec 18 2019 // American International Group (AIG) has named Peter S. Zaffino as president, effective Jan. 1, 2020. Zaffino will continue to serve as global chief operating officer of AIG and chief executive officer of General...
Berkshire Hathaway Specialty Taps AIG’s Adams as Head of Surety, Canada
Dec 5 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global surety team with the addition of Andrew Adams as head of Surety in Canada. In this new role, Adams will establish and expand BHSI’s...
AXA XL Names AIG’s Wilbanks as Casualty, Environmental Risk Engineering Manager
Dec 2 2019 // AXA XL Risk Consulting has appointed has appointed Sheri Wilbanks as its global Casualty & Environmental Lines of Business manager. Wilbanks will be responsible for building a global casualty and environmental risk...
AIG to Sell Most of Fortitude Re to Carlyle, T&D Holdings for $1.8 Billion
Nov 26 2019 // American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created Carlyle-managed fund and...
PURE Group Names Hourihan from AIG’s Private Client Group as Chief Growth Officer
Nov 22 2019 // The PURE Group of Insurance Companies, which includes Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high-net-worth individuals and families, has...
Former Ironshore, Lexington CEO Kelley to Retire at Year’s End from Liberty Mutual
Nov 22 2019 // Liberty Mutual Insurance today announced that long-time industry leader Kevin H. Kelley, vice chairman, Global Risk Solutions, will retire at the end of this year. In 2017, Kelley joined Liberty Mutual following the...
AIG’s Marshall Joins CFC as Transaction Liability Practice Leader
Nov 19 2019 // Specialty insurer CFC has appointed Angus Marshall as its Transaction Liability practice leader. Marshall joins CFC from American International Group where he led the UK and London Market mergers and acquisitions (M&A)...
AIG Names Barrett to Head Multinational, General Insurance
Nov 19 2019 // American International Group has appointed Allison Barrett as global head of Multinational, General Insurance. In this new role, Barrett will drive General Insurance’s multinational strategic plan and lead the...
Alabama Court Allows Workers Comp Suit Against AIG, Coventry
Nov 18 2019 // An Alabama appellate court has cleared the way for a lawsuit that alleges outrageous and fraudulent conduct by American International Group and Coventry against a worker who was injured in an explosion and sought...
Alabama Court Gives Go Ahead to Workers Comp Suit Against AIG, Coventry
Nov 4 2019 // An Alabama appellate court has cleared the way for a lawsuit that alleges outrageous and fraudulent conduct by American International Group and Coventry against a worker who was injured in an explosion and sought...
AIG’s P/C Underwriting Results for Q3 Hit by Catastrophes But Not as Badly as Year Ago
Nov 1 2019 // Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses. AIG said that its General Insurance unit...
SEC Investigating Valic, AIG’s Teacher Retirement Plan Unit, Reports WSJ
Oct 29 2019 // The U.S. Securities and Exchange Commission is probing sales and disclosure practices at Valic, a unit of U.S. insurer American International Group Inc, the Wall Street Journal reported on Tuesday, citing sources familiar...
