Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
How Safe Must Driverless Vehicles Be to Be Accepted? Very Safe.
May 31 2018 // The race is on for companies to present their driverless cars to the public, but recent collisions involving autonomous vehicles developed by Uber Technologies Inc. and Tesla Inc. have led to doubts about whether these...
Mercer’s Sun to Succeed Zheng as CEO of AIG’s China Insurer
May 24 2018 // American International Group announced that Lisa Sun will join the company as chief executive officer of AIG Insurance Company China. Sun joins AIG from Mercer, where most recently she was CEO of Mercer’s Hong Kong...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 21 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
S&P Affirms Ratings for AIG with Negative Outlook
May 18 2018 // S&P Global Ratings has affirmed its ‘A+’ insurer financial strength rating and ‘BBB+’ long- and ‘A-2’ short-term issuer credit ratings on American International Group Inc. (AIG), and...
Morin Assumes CFO Role at Arch as Lyons Exits to AIG
May 15 2018 // François Morin is assuming the role of executive vice president and chief financial officer of Arch Capital Group Ltd. Morin replaces outgoing CFO Mark Lyons, who is leaving Arch to become senior vice president and chief...
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 10 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
AIG Shareholders Approve $43 Million Compensation for CEO Duperreault
May 9 2018 // American International Group Inc said shareholders approved a $43.1 million pay package for 2017 for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday. A nonbinding resolution...
Shareholders to Decide If AIG CEO Should be Paid $43 Million
May 9 2018 // American International Group Inc. faces an uphill climb to convince shareholders to approve a $43.1 million pay package for Chief Executive Officer Brian Duperreault during the company’s annual meeting on...
Activist Icahn Breaks Up with AIG, Sells Shares
May 8 2018 // Billionaire investor Carl Icahn has sold his stake in American International Group Inc, ending a more than two-year association with one of the largest U.S. property and casualty insurers, according to a person familiar...
Ex-CEO for AIG Unit Tells UK Court Politics Not Why Bonuses Were Cut
May 4 2018 // An ex-chief executive officer of AIG’s Financial Products unit repeatedly told a U.K court that political and media pressure didn’t influence the company’s decision to “wipe out” a $600...
AIG CEO Vows to Improve Bottom Line by Year End
May 4 2018 // American International Group Inc. executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more...
Cat Losses Cut Into AIG Q1 Profit
May 3 2018 // American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer posted $938 million,...
Former AIG Financial Product Staffers Seek Bonuses They Say They Were Promised
May 3 2018 // A former marketing director at Banque AIG told a London court that he was repeatedly assured he’d receive his bonuses, even as he helped clean up a company crumbling from its role in the global financial...
AIG Acquisition Target Validus Reports Q1 Loss
May 3 2018 // Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier’s reinsurance arm. The downbeat...
XL’s Vidovich Joins AIG’s General Insurance as Chief Claims Officer
Apr 20 2018 // American International Group, Inc. announced that Anthony Vidovich will join the company as chief claims officer for General Insurance, effective May 14, 2018. In this role, Vidovich will be responsible for claims...
AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries
Apr 20 2018 // American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new...
CNA Names AIG’s James as Senior VP for Global Reinsurance
Apr 12 2018 // CNA reports that Mark James will join the company as senior vice president for Global Reinsurance. He will be responsible for CNA’s reinsurance strategies and purchasing around the globe. James has more than 15 years...
AIG Launches Travel Insurance on Demand App in Canada
Mar 28 2018 // Travel Guard Group Canada, Inc., the Toronto-based subsidiary of AIG, has launched a travel insurance app allowing Canadian customers (except Quebec residents) to purchase coverage in blocks of time through their...
Here’s What AIG Paid CEO Duperreault
Mar 28 2018 // American International Group paid its new chief executive Brian Duperreault $43.1 million last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over the compensation of...
