Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
KBW Analyst Dismisses AIG Mortgage Business Spinoff
Jan 25 2016 // American International Group Inc.’s plan to spin off a portion of its mortgage insurance unit is “almost pointless” given the challenges that Chief Executive Officer Peter Hancock faces to fix the much...
AIG Eyes Partial Spinoff of Mortgage Insurance Unit: Reuters
Jan 24 2016 // American International Group Inc. has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist investor...
Icahn Activism Not AIG’s First Test Under Pressure
Jan 21 2016 // American International Group Inc. knows what it’s like to be circled by hawks. American International Group Inc. knows what it’s like to be circled by hawks. Under pressure in 2009 to repay the insurer’s...
AIG Increases Global Commercial Property Limits to $2.5B
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
Icahn Renews Attack on AIG CEO Hancock; Insists ‘Drastic Shift’ Needed
Jan 19 2016 // Activist investor Carl Icahn has again called for American International Group (AIG) to be divided into three separate companies and expressed doubt that AIG CEO Peter Hancock’s planned strategy presentation next...
Argo Names AIG’s Mike-Mayer Chief Underwriter, NYWCB’s Wade Chief of Claims for U.S.
Jan 19 2016 // Specialty insurance and reinsurance carrier Argo Group International Holdings, Ltd. announced the appointments of Frank Mike-Mayer as chief underwriting officer and Mark Wade as chief claims officer, both serving as key...
MetLife Spinoff Plan Could Add to Pressure on AIG to Split
Jan 13 2016 // After General Electric Co. began selling finance operations to exit too-big-to-fail status, American International Group Inc. Chief Executive Officer Peter Hancock said it wasn’t clear that escaping the government...
Analyst Says Investors Support Icahn on AIG Revamp
Jan 13 2016 // Most American International Group Inc. investors believe that billionaire activist Carl Icahn is right that the insurer needs a new strategy, according to a Sanford C. Bernstein & Co. analyst who polled...
Insurance Execs’ Midlife Crisis Cure: Four AIG, ACE Veterans Join Startup P2P Insurer Lemonade
Jan 12 2016 // An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE Insurance to round out its...
Zurich Global Corporate North America Names AIG’s Pickens as Chief Underwriter
Jan 7 2016 // Don Pickens is the new chief underwriting officer for Zurich’s Global Corporate in North America (GCiNA). The position was previously held by Patrick Daley, who will assume a new role as head of Property for the East...
AIG CEO Hancock Plans Public Webcast on His Vision, ‘Proactive Plan’ for Insurer
Jan 7 2016 // American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn’s push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer Peter Hancock’s...
AIG Bets on Workplace Safety Wearables with Investment in Startup HCS
Jan 6 2016 // Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more...
QBE North America Names AIG’s Davide as Senior VP for Risk Management
Jan 5 2016 // QBE North America said announced that Joseph Davide has joined the organization as senior vice president, Risk Management, QBE’s large risk business in North America. This business is part of QBE’s Standard...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
The Top Insurance News Stories of the Year 2015
Dec 21 2015 // The year 2015 was a year during which the property/casualty insurance industry got a glimpse at its future in the form of disruptive forces, new competitors, new leaders and emerging risks. Also, some of the news revived...
AIG Plans $3 Billion Stock Buyback
Dec 17 2015 // American International Group Inc., the insurer pressured by activist investor Carl Icahn to boost returns, announced a plan to repurchase another $3 billion of shares. The move lifts to $4.3 billion the amount that the...
Will AIG Management Shakeup Improve Results?
Dec 14 2015 // American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, said last week that Chief Financial Officer David Herzog is among top managers leaving the company as Chief...
Allianz Global Names AIG’s Williams Environmental Liability Manager for North America
Dec 11 2015 // Allianz Global Corporate & Specialty (AGCS) reported that Thomas Williams has been named regional practice leader, Environmental Impairment Liability (EIL), for North America. Based in Atlanta, he will report to Dieter...
AIG CEO Hancock Shakes Up Executive Team; Herzog, Doyle Out
Dec 10 2015 // American International Group Inc. today unveiled a new executive leadership team reporting to CEO Peter Hancock, which Hancock says will ensure “strong end-to-end accountability within the customer segments”...
AIG Reportedly to Raise About $750M From Sale of Shares in China’s PICC P&C
Dec 7 2015 // American International Group is seeking to raise about $750 million by selling part of its stake in China’s state-run PICC Property and Casualty Co. Ltd., according to a term sheet of the deal seen by IFR on...
