Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Is Seeking More Than $200M for Manhattan Hotel
Oct 8 2018 // AIG Global Real Estate is seeking buyers for a Manhattan hotel that could fetch more than $200 million, according to a person familiar with the matter. AIG has tapped Eastdil Secured LLC to find prospective buyers for the...
Former AIG, Ironshore Executive Mitrovic Joins Cooper Levenson Law Firm
Sep 24 2018 // Veteran insurance executive Michael Mitrovic has joined the Cooper Levenson law firm in its insurance defense litigation practice. Mitrovic’s career spans nearly 40 years in the insurance industry. He served as...
AIG to Acquire Program Manager Glatfelter Insurance Group
Sep 21 2018 // American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not...
AIG CEO Expects More Trading of Insurance-Linked Assets
Sep 17 2018 // American International Group Inc. Chief Executive Brian Duperreault said he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance...
XL Catlin’s Duffy to Join AIG as Bermuda Manager
Sep 11 2018 // American International Group, Inc. announced that Catherine Duffy will join the company’s General Insurance business as Country Manager of Bermuda, at a date to be determined. In this role, Duffy will oversee...
CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness
Sep 11 2018 // Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness. In...
AIG’s Turpin Joins Arch Insurance as Head of U.S. Property
Sep 6 2018 // Valerie Turpin has joined Arch Insurance as executive vice president and Head of U.S. Property. She succeeds Michael Kmetz, who has taken a different role within the firm. In this position, Turpin will have oversight of...
AIG CEO Expects More Trading of Insurance-Linked Assets
Sep 6 2018 // American International Group Inc. Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to...
Repko Joins AIG as AIG Chief Information Officer, Replacing Gallo
Aug 21 2018 // American International Group announced that John P. Repko will join the company as executive vice president, chief information officer, effective September 4, succeeding Martha Gallo, who the insurer said is leaving AIG to...
AIG CEO Duperreault Vows Continued ‘Sense of Urgency’ on Reaching Elusive Profitability
Aug 10 2018 // After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to profitability will continue...
AIG Appoints Aspen Re’s Lillelund as CEO of AIG Europe in Luxembourg
Aug 8 2018 // American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the...
AIG Names Wismer as SVP, Deputy Chief Financial Officer & Chief Accounting Officer
Aug 7 2018 // American International Group, Inc. has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer, effective immediately. Wismer will be based in New York and report to...
AIG’s Q2 Profit Drops 17% as General Insurance Fails to Improve
Aug 3 2018 // American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5...
AIG Names McElroy from Arch as CEO of Lexington Insurance Co.
Aug 2 2018 // American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined. McElroy will lead Lexington Insurance Co. and report...
AIG, Carlyle Group Partner to Build Reinsurer, Run-Off Firm for Complex Risks
Aug 1 2018 // Global insurer American International Group and private equity and financial services firm The Carlyle Group are forming a partnership to build a standalone provider of reinsurance, claims handling and run-off management...
AGCS Taps AIG’s Davì-Greer as Regional Head of Financial Lines
Jul 30 2018 // Allianz Global Corporate & Specialty (AGCS) has appointed Stefania Davì-Greer to head of Financial Lines for Regional Unit London (RUL). Based in London, Davì-Greer will join in October with responsibility for the...
AIG Completes $5.5 Billion Acquisition of Validus
Jul 18 2018 // American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight...
Here’s a Shocker: Insurance Industry Reserves Still Adequate
Jun 25 2018 // Although analysts at Conning didn’t actually use the word “shocked” in their latest report on the property/casualty industry’s loss reserve position, the title of the report—and the image on the...
Personal Cyber Insurance-Security Packages Being Tested with Wealthy
Jun 18 2018 // Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. What makes Jerry Hourihan lose sleep is that everyone’s information already...
Personal Cyber Insurance-Security Packages Being Tested with Wealthy
Jun 7 2018 // Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. What makes Jerry Hourihan lose sleep is that everyone’s information already...
