Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
EXIN Buys 75% Stake in Ethniki Insurance from National Bank of Greece for $819M
Jun 30 2017 // EXIN Financial Services Holding B.V. has purchased a 75 percent stake in insurer Ethniki Hellenic General Insurance S.A. from the National Bank of Greece (NBG) for €718 million (US$819.2 million). Amsterdam-based EXIN...
New AIG CEO Duperreault Wants to Pursue Acquisitions, Slow Buybacks
Jun 30 2017 // American International Group Inc.’s new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. “I’d love to find...
AIG Shareholders Approve $9.6 Million for Former CEO Hancock
Jun 29 2017 // American International Group Inc. shareholders on Wednesday approved the company’s 2016 compensation for executives, including the insurance giant’s former chief executive, Peter Hancock. Shareholders at the...
AIG ‘Smart’ Policy Uses Blockchain to Manage International Coverage for Bank
Jun 15 2017 // American International Group Inc. and Standard Chartered Bank plc announced they have successfully piloted what they say is the first multinational, “smart contract” based insurance policy using blockchain, a...
Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages
Jun 15 2017 // The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism...
AIG Defends Layoff of London Employee Alleging Pregnancy Discrimination
Jun 13 2017 // American International Group Inc. said it was not “unwelcoming to working mothers” as the insurer fought a discrimination lawsuit filed by a former London trader dismissed while on maternity leave. Jennifer...
S&P Revises AIG Outlook to Negative Citing Commercial Lines Challenges
Jun 7 2017 // Ratings agency Standard & Poor’s has revised its rating outlook to negative from stable for American International Group (AIG). The move came despite AIG recently hiring a new CEO, Brian Duperreault. At the same...
A.M. Best Lifts AIG’s Ratings ‘Under Review’ Status Following Duperreault’s Arrival
May 26 2017 // A.M. Best this week released American International Group from “under review” special scrutiny following the insurer’s bringing on industry veteran Brian Duperreault as president and chief executive...
XL Catlin Names AIG’s Estrada, Zurich’s Hughes to Canada Environment Team
May 18 2017 // XL Catlin has added two new members to its Canadian environmental insurance team: Marc Estrada as environmental team lead and Brian Hughes as assistant vice president, environmental underwriting. Estrada and Hughes are...
AIG’s High Cost of Hiring Duperreault
May 17 2017 // American International Group’s decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won’t come cheap. To begin with, AIG will pay Hamilton $20 million to release Duperreault...
New CEO Duperreault Interested in Growing AIG, Not Splitting It
May 16 2017 // American International Group’s President and CEO Brian Duperreault began his first full day in his new job repudiating the idea of splitting the insurer into pieces and simply returning money back to...
AIG Shareholders Wait Their Turn
May 16 2017 // Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost 1.6 percent since the...
Hamilton Taps Freda as Chairman, Brown as Interim Group CEO, After Duperreault Resigns
May 15 2017 // Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that William C. Freda has been appointed to...
AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune
May 15 2017 // American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the...
AIG Picks Hamilton’s Duperreault as CEO
May 15 2017 // American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault,...
Experts Expect Simultaneous Cyber Attacks on Multiple Firms: Survey
May 12 2017 // Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study by American International Group. More than...
AIG to Name Hamilton’s Duperreault as CEO: Wall Street Journal
May 11 2017 // The Wall Street Journal is reporting that American International Group Inc. plans to name Brian Duperreault, founder and CEO of Hamilton Insurance Group, as CEO, replacing Peter Hancock. The publication cited people...
How AIG Woes Hurt U.S. Commercial Lines Results: Fitch
May 10 2017 // While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss experience. What’s more,...
Greenberg’s Starr to Appeal AIG Bailout Case to Supreme Court
May 10 2017 // A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc. during the 2008 financial crisis, in a defeat for former chief executive officer Maurice...
Court Denies Shareholder Claim Against AIG Bailout Case Led by Starr’s Greenberg
May 9 2017 // A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc. during the 2008 financial crisis, in a defeat for former chief executive officer Maurice...
