Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Berkshire’s $10 Billion Deal wth AIG Attractive Because It’s Risky: Munger
May 8 2017 // Charles Munger, the vice chairman of Warren Buffett’s Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and also the chance for...
AIG Returns to Profit in Q1
May 4 2017 // American International Group Inc., one of the largest U.S. insurers, reported better-than-expected first-quarter operating profit on Wednesday, helped by investment returns and cost cuts. AIG reported operating earnings of...
Liberty Specialty Markets Names AIG’s Sutherland to Lead Casualty Team
May 3 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Stuart Sutherland as its head of Casualty. Based in LSM’s London headquarters, Sutherland will report to Alan Telford, chief...
AIG Investors Await New CEO and Strategy
May 2 2017 // For nearly two months, American International Group Inc. has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s...
AIG Completes Sale of Japanese Life Unit to FWD Group
May 2 2017 // American International Group announced it has successfully completed the sale of AIG Fuji Life Insurance Co. Ltd. (AFLI) to FWD Group, the insurance arm of Pacific Century Group. The terms of the deal, which was originally...
London Market Group Re-Appoints Aubert as Chairman
Apr 28 2017 // The London Market Group (LMG) announced the re-appointment of Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chair. The last 12 months has seen progress across all LMG’s workstreams, including...
AIG Study Shows How, Why M&A Insurance Claims Frequency Is Rising
Apr 24 2017 // The frequency of insurance claims surrounding mergers and acquisitions (M&As) is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American...
Hamilton’s Duperreault Among Candidates Being Considered as AIG CEO
Apr 20 2017 // American International Group Inc. is weighing a plan to hire Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations. Other...
Billionaire Investor John Paulson Planning AIG Board Exit
Apr 17 2017 // Billionaire John Paulson is planning to step down from American International Group Inc.’s board after his hedge fund sold shares in the insurer, according to a person familiar with the plan. The move is expected to...
AIG Board Refuses CEO Hancock’s 2016 Cash Bonus after Poor Earnings
Apr 17 2017 // American International Group Inc.’s board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company’s dismal financial performance roiled...
Board Member Paulson’s Disclosure of His Fund’s AIG Stock Sale Questioned
Apr 12 2017 // When a board member of a publicly traded U.S. company sells even a small personal holding, the director typically has just two business days to disclose the transaction, under securities rules to promote transparency. But...
Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration
Apr 10 2017 // Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry Risk Index identified failure of...
AIG Chairman Says Board Agrees with Outgoing CEO Hancock’s Turnaround Plan
Apr 4 2017 // American International Group Inc.’s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. Chairman Doug...
UBS Analysis: Poor Morale Could Hurt AIG Turnaround, Hiring
Apr 4 2017 // A morale crisis at American International Group Inc. could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on...
AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients
Apr 3 2017 // American International Group Inc., the biggest seller of cyber insurance to businesses, is bringing cyber insurance and risk mitigation services adapted from its CyberEdge commercial insurance product to its high net worth...
April 1st Wrap-Up: Trump Forms Insurer; Epstein to AIG; Minute-by-Minute Insurance
Apr 1 2017 // Here is latest insurance industry real fake news on this April 1st: Trump, Cabinet to Launch MAGA Health Insurance Company President Donald J. Trump announced today that he, his family and his Cabinet of billionaires are...
AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology
Mar 30 2017 // AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial motor industry, to provide an enhanced claims service to motor fleet customers by harnessing...
AIG Executives Hope Meetings Reassure Analysts, Investors
Mar 26 2017 // American International Group Inc. executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer...
AIG Seeks Best Drivers in Singapore with New Smartphone App
Mar 23 2017 // AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched a nationwide search to find Singapore’s best drivers with “AIG On the Go,” a telematics-based smartphone application. “AIG On the...
Departing AIG CEO Gets No Bonus But Will Get $5 Million to Stay Until Successor Arrives
Mar 21 2017 // Peter Hancock is getting $5 million in cash to stay on as American International Group’s chief executive officer while the board searches for his replacement. But the insurer’s departing president and CEO will...
