Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Hamilton’s Macia Returns to AIG to Head Tech-Driven Subsidiary
Jul 13 2017 // Seraina (Maag) Macia, chief executive officer of Hamilton USA, which AIG is acquiring, is returning to American International Group (AIG) under its new CEO, Brian Duperreault. Macia has been named executive vice president...
XL Catlin Appoints AIG’s Ochsenkuehn as Head of Global Programs
Jul 12 2017 // XL Catlin’s insurance operations announced the appointment of Sonja Ochsenkuehn as head of Global Programs with worldwide responsibility. Ochsenkuehn’s remit is to drive the network performance and best in...
RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit
Jul 11 2017 // Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit. Pascal Alvarez has...
Doyle Named to Succeed Departing Zaffino as CEO of Marsh
Jul 6 2017 // Marsh & McLennan Companies Inc. has appointed John Doyle as chief executive officer of its broker Marsh, effective immediately. Doyle will report to Marsh & McLennan Companies President and CEO Dan Glaser and...
Fed Gives AIG, Pru More Time to Submit ‘Living Wills’
Jul 6 2017 // U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) and Prudential Financial Inc. an...
Marsh CEO Zaffino Joins AIG as Global Chief Operating Officer
Jul 5 2017 // Brian Duperreault, the new CEO of American International Group (AIG), has tapped Peter Zaffino, a former colleague at insurance broker Marsh, to be executive vice president, global chief operating officer at AIG. In his...
Investor Icahn Eases Demand to Split AIG, Giving New CEO Room to Act
Jul 5 2017 // Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc., following the company’s sale of assets and hiring of a new chief executive officer, a person...
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...
