Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
QBE’s Zortman Joins AIG to Lead Private Client Group
Apr 5 2019 // American International Group said Kathleen Zortman will join the company as president and chief executive officer of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net...
AIG CEO Duperreault Was Paid $20.9 Million in 2018, Half of 2017 Compensation
Apr 3 2019 // Insurer American International Group Inc. said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder...
AIG Names Baich, Formerly with Wells Fargo and NSA, as Information Security Officer
Apr 1 2019 // American International Group announced that Rich Baich will join the company as senior vice president, chief information security officer, effective April 22. In this role, Baich will lead the firm’s global...
AIG Exits Individual Personal Lines Business in Canada
Mar 29 2019 // American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. “We continually review our operations to...
People
Mar 18 2019 // National Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali...
Marsh Names AIG’s Bauer as Sharing Economy, Mobility Practice Leader
Mar 4 2019 // Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in the new economy,...
AIG Sells Entire Stake in China’s PICC Group at a Discount
Feb 28 2019 // American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time — early December...
AIG Reports Q4 Loss on Catastrophes, Lower Investment Returns
Feb 13 2019 // American International Group Inc. on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market. Excluding realized investment gains and...
AIG Names Ferrara to Head Investments Communications
Feb 12 2019 // American International Group has named Carla Ferrara as head of communications for AIG’s Investments organization. Ferrara will be based in New York and report to Elaine Rocha, chief operating officer, AIG...
Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO
Feb 6 2019 // Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at...
Big deals
Feb 4 2019 // Marsh/JLT, Brown & Brown/Hays Topped 2018 P/C Agency Mergers A handful of big deals dominated the very busy property/casualty insurance agency and broker merger news cycle for 2018. Based on Insurance Journal...
AIG’s Strong Joins Tokio Marine as Business Innovation Officer
Jan 23 2019 // Specialty insurer Tokio Marine HCC announced that Shilpa Strong has joined the company as Business Innovation Officer to pursue continued investment in operational efficiencies, customer experience and digital...
Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General
Jan 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the...
AIG’s Bernal Joins AXA XL’s Broker/Client Management Team in Texas
Jan 17 2019 // Roman E. Bernal has joined AXA XL’s broker and client management team in Houston as client distribution leader for the US South Central region, reporting to Wayne Speeg, US South Central regional leader. Bernal will...
Former CNA CEO Motamed Joins AIG Board
Jan 16 2019 // The board of directors of American International Group has elected Thomas Firouz Motamed, who retired as chairman and chief executive officer of CNA Financial Corp. in 2016, as a director. Motamed has also been appointed...
CorPro Underwriting Managers Expands AIG Management Liability Offering
Jan 8 2019 // CorPro Underwriting Managers has expanded its availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (directors and officers, employment practices,...
Harris to Head Argo International Operations; Hernandez Takes on Strategic Initiatives Role
Dec 18 2018 // Global specialty insurer and reinsurer Argo Group International Holdings, has appointed Matt Harris to be group head of the company’s international insurance operations, including the United Kingdom, Europe, Asia,...
A Desire to Leave the World Better Than He Found It: Acts of Generosity from AIG’s Founder C.V. Starr
Dec 17 2018 // Cornelius Vander Starr had many identities, including American entrepreneur, successful businessman, salesman, fearless world traveler and business pioneer. As the founder of what is now American International Group, he...
People
Dec 17 2018 // NAS Insurance Services LLC has expanded its senior management team with several new appointments, including naming Marcus D’Anna chief financial officer. D’Anna’s appointment as CFO comes after five years...
AIG Arranges First CLO Deal Since Financial Crisis
Dec 12 2018 // American International Group Inc. has returned to the red-hot collateralized loan obligation market as an asset manager with its first sale since the financial crisis. The $500 million transaction is being arranged by...
