Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire
Jan 25 2017 // Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting its first annual underwriting loss since 2002 at its...
Beazley Taps AIG’s Tigleanu as Data Breach & Information Security U/W
Jan 24 2017 // Beazley, a specialist in data breach response insurance, has appointed Monica Tigleanu as an underwriter focused on data breach and information security coverage for US companies out of its London headquarters. Beazley has...
Business Moves
Jan 23 2017 // AIG, Arch Capital American International Group (AIG) has completed the $3.4 billion sale of its mortgage guaranty unit to Arch Capital Group. The deal to sell United Guaranty Corp. closed on December 31. AIG has been...
AIG Signs Major Reinsurance Deal with Berkshire’s National Indemnity
Jan 20 2017 // American International Group Inc. announced that it has entered into a reinsurance agreement covering many of the long-term risks on previously-written commercial insurance policies. The agreement, with National Indemnity...
How to Gain ‘Digital Trust’ of Employees in Age of Internet of Things
Jan 5 2017 // Employers will need to accept tradeoffs to foster “digital trust” with employees if they want to gather the workplace data necessary to realize the full benefits of the Internet of Things (IoT) and the sharing...
AIG Completes Sale of Mortgage Unit to Arch Capital for $3.4 Billion
Jan 4 2017 // American International Group said it has completed the $3.4 billion sale of its mortgage guaranty unit to Arch Capital Group. The deal to sell United Guaranty Corp. (UGC), first announced in August 2016, closed on Dec....
Top 12 Insurance Trends and News Stories of 2016: Countdown
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
Hiscox UK Taps AIG’s White as London Regional Mgr, Professional & Specialty Lines
Dec 22 2016 // Specialist global insurer Hiscox has announced the appointment of Trish White as London regional manager for Professional and Specialty Commercial lines within Hiscox UK. White joins Hiscox from AIG, where she had worked...
Transportation Insurer National Interstate Promotes Skuggen, Adds AIG’s Blankenship
Dec 13 2016 // National Interstate Insurance Co. announced the promotion of George Skuggen to senior vice president and the hiring of Steve Blankenship as vice president, Passenger Transportation. In his new role, Skuggen will oversee...
Supreme Court Denies Greenberg Bid to Halt New York AG’s Reinsurance Case
Dec 12 2016 // The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice “Hank” Greenberg’s bid to escape civil fraud charges in New York accusing him of orchestrating sham transactions...
AIG May Move Europe HQ from London to Another EU Country on Brexit
Nov 22 2016 // U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry...
TMK Names Ex-AIG Exec Burke as Trade Credit & Political Risk U/W
Nov 21 2016 // Tokio Marine Kiln has appointed Gary Burke to the special risks division in its London office. Burke will focus on trade credit and political risks. Previously he worked for American International Group (AIG) where he held...
AIG Expects to Win Some, Lose Some in Sale of Assets
Nov 21 2016 // American International Group Inc., the insurer that’s shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to sell Fuji Life...
Allied World APAC Appoints 2 Casualty Specialists from AIG
Nov 16 2016 // Allied World Assurance Company Holdings announced two appointments to its General Casualty Division in Asia: Daphne Boon to the position of vice president, head of General Casualty (Asia), and Christie Huang Shuying to...
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Nov 15 2016 // Hong Kong tycoon Richard Li is poised to buy American International Group Inc.’s Fuji Life Insurance Co. business, a deal that marks his FWD Group’s first foray into Japanese insurance. AIG will continue to...
Judge Rules AIG Must Defend Bill Cosby in Defamation Claims
Nov 10 2016 // A federal judge said Bill Cosby’s homeowner’s insurance company must defend him against three civil defamation lawsuits in Massachusetts brought by several women who accused the once-beloved entertainer of...
Greenberg’s Starr Returns to Court Seeking Damages Over AIG Bailout
Nov 7 2016 // U.S. lawyers on Friday urged an appeals court to bless the federal government’s $85 billion bailout of American International Group Inc. At the same time, attorneys for Maurice “Hank” Greenberg are asking...
Some on Wall Street Losing Patience with AIG
Nov 4 2016 // American International Group Inc.’s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international commercial coverage...
AIG Reports Q3 Profit
Nov 3 2016 // American International Group Inc. posted profit that fell short of Wall Street estimates as costs swelled on contracts in which the insurer guarantees payments to accident victims. Third-quarter net income of $462 million,...
AIG Increases Property Terrorism Capacity to $1B
Oct 26 2016 // American International Group, Inc. (AIG) has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a stand-alone basis or as expanded limits within...
