Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Makes Leadership Promotions for ‘Next Phase of Profitable Growth’
Oct 12 2023 // American International Group (AIG) on Oct. 11 announced three significant appointments within its executive leadership team. David McElroy, currently chief executive officer of General Insurance, will assume a newly...
People Moves: AIG Appoints Walsh as Executive Vice President and General Counsel
Sep 29 2023 // American International Group announced that Patricia (Trish) Walsh will join AIG as executive vice president and general counsel, effective Dec. 1, 2023. Walsh will report to Peter Zaffino, AIG chairman and chief executive...
People Moves: AIG Appoints Dandridge Chief Marketing, Communications Officer; Heck New NAMIC Chair
Sep 26 2023 // AIG Appoints Dandridge EVP and Chief Marketing & Communications Officer American International Group, headquartered in New York, N.Y., hired Edward L. Dandridge as executive vice president and chief marketing and...
Aviva Agrees to Acquire AIG’s UK Protection Business for $563 Million
Sep 25 2023 // Aviva said on Monday it had agreed to buy the UK life insurance business of AIG for 460 million pounds ($563 million), in the largest acquisition to date by the British insurer’s CEO Amanda Blanc. Aviva said it would...
People Moves: Fato to Assume Newly Created Vice Chair Role at AIG; Johnson Joins Insurance Quantified as Strategic Advisor
Sep 8 2023 // Fato to Assume Newly Created Vice Chair Role at AIG Lucy Fato, executive vice president, general counsel and global head of communications and government affairs at American International Group (AIG), will transition to...
People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine
Aug 8 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of...
AXA Agrees to Purchase Laya Healthcare From AIG for €650 Million
Aug 3 2023 // AXA announced it has entered into an agreement to acquire Laya Healthcare Ltd. from Corebridge Financial Inc., a subsidiary of AIG. Laya has a leading position in the Irish health market with approximately a 28% market...
AIG General Insurance Sees Strong Q2 Growth, Margin Improvement
Aug 1 2023 // American International Group saw second quarter growth in net premiums written in its general insurance segment to $7.5 billion, a 10% increase from the same time a year ago. The insurer’s second quarter net income...
People Moves: Schaper Now AIG Global Chief Underwriting Officer; Brough Head of Aspen Marketing, US Distribution; Giannisis is HUB N.A. Property Practice Leader
Jul 27 2023 // American International Group said Christopher Schaper, currently CEO of AIG Re, has been named global chief underwriting officer of AIG, effective as of the closing of the previously announced sale of Validus Re to...
AIG, AXA Weighing Sales of UK Businesses: Sources
Jul 20 2023 // Two of the world’s largest insurers are weighing the sale of businesses in the United Kingdom, according to people familiar with the matter. American International Group Inc. is working with advisers to explore a...
People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire
Jul 11 2023 // This edition of International People Moves details appointments at Allianz Commercial, Banyan Risk and Miller. A summary of these new hires follows here. Allianz Commercial Taps AIG’s Sandric as Leader Asia...
People Moves: AIG’s Jainchill Joins Lockton as U.S. Cyber & Technology Product Leader
Jul 6 2023 // Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where...
Purtill Named Permanent CFO of AIG
Jun 20 2023 // Sabra Purtill has been named permanent chief financial officer of American International Group (AIG), the company said. Purtill was called on in late January to fill the role of interim CFO after the firing of former...
People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative
Jun 15 2023 // This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new hires follows here. Howden Hires 3 for Casualty Team in London, Bermuda Howden, the...
AIG to Sell Validus Re to RenRe in $3B Deal
May 23 2023 // American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during the fourth quarter,...
People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O; Ryan Joins Sompo as CUO
May 22 2023 // John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will lead the development and execution of Ascot’s large public D&O strategy, with a focus on...
AIG Records Strongest Q1 Underwriting Results in General Insurance
May 5 2023 // American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest first quarter underwriting results AIG has achieved,” said...
American Financial Group to Acquire Crop Risk Services From AIG for $240M
May 3 2023 // American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG...
AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business
Apr 27 2023 // American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance Services. PCS will be an independent managing general agent serving...
Lukoil Buys Into AIG’s Former Russian Subsidiary
Apr 20 2023 // Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s biggest commercial insurers, GARDIA said earlier this week. (Editor’s...
