Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
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...
People Moves: AIG Asia Pacific Appoints BHSI’s Colahan as Regional President; Gallagher Re Hires McMillan From Siemens as Renewable Energy Practice Leader
Apr 13 2023 // This edition of International People Moves details appointments at AIG Asia Pacific and Gallagher Re. A summary of these new hires follows here. AIG Appoints BHSI’s Colahan as Regional President, AIG Asia...
Former AIG CEO Duperreault Joins Board of InsurTech Joyn
Mar 22 2023 // InsurTech Joyn Insurance announced the addition of industry veteran Brian Duperreault to its board as an independent director. Duperreault previously served as executive chairman for AIG’s Board of Directors and as...
People Moves: Aon Names Mgoqi as CEO for South Africa; Tokio Marine Kiln Appoints AIG’s Green to Head Aviation War Risks
Mar 6 2023 // This edition of International People Moves details appointments at Aon and Tokio Marine Kiln. A summary of these new hires follows here. Aon Names Mgoqi as CEO for South Africa Aon plc, a leading global professional...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27%
Feb 16 2023 // Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion the year prior, but the insurer’s general insurance business ended the year...
AIG, Stone Point Capital to Form Independent MGA for High Net Worth Business
Feb 14 2023 // Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of understanding with Stone...
AIG Fires Interim CFO Lyons
Jan 31 2023 // AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he “violated his confidentiality/non-disclosure obligations,” the company said. Lyons was just appointed interim CFO earlier this...
AIG CFO Takes Temporary Medical Leave
Jan 11 2023 // American International Group (AIG) said Shane Fitzsimons, executive vice president and chief financial officer, is taking a temporary medical leave of absence, effective immediately. Mark Lyons will serve as AIG’s...
People Moves: BHSI Promotes 3 in UK Exec & Professional Lines Team; Chubb Global Markets Taps AIG’s Collins as Head of Airline; bolttech Names Schädler CEO, Europe
Jan 6 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Chubb Global Markets and the insurtech bolttech. A summary of these new hires follows here. BHSI Promotes 3 Senior...
People Moves: Bailey Joins AIG as Global Head of Distribution and Field Operations
Jan 4 2023 // American International Group (AIG) named Don Bailey as global head of distribution and field operations. He joins AIG from Bristlecone Partners, a growth and human capital consultancy firm, where he had been a partner...
People Moves: Aon’s Mason Expands Leadership Role in UK; Chubb Appoints AIG’s Madden for Financial Lines; Sedgwick Names Leif Hansen as CEO Nordic Region
Dec 2 2022 // This edition of International People Moves details appointments at A summary of these new hires follows here. Aon’s Mason to Expand Leadership Role in UK Insurance broker Aon plc announced that Michelle Mason is to...
AIG Reports Q3 Results With $450M in Losses From Ian
Nov 2 2022 // Third quarter net income attributable to American International Group (AIG) shareholders increased about $1 billion compared with the same time period a year ago, even with catastrophe and investment losses. Q3 net income...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia
Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...
AIG Life/Retirement Unit Corebridge Valued at $13B
Sep 20 2022 // Shares of Corebridge Financial Inc opened 2 percent below the IPO price in their New York Stock Exchange debut on Thursday, giving the company a valuation of $13.2 billion, dimming hopes of a revival in U.S. listings as...
People Moves: Gambale Joins AGCS From AIG; AXA XL Appoints 2 to Group Captives Unit
Sep 19 2022 // AGCS Strengthens North American Distribution Team with Strategic New Hire and Reorganization Allianz Global Corporate & Specialty (AGCS) has named John Gambale as regional head of distribution NA, large corporate,...
Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino
Sep 13 2022 // Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting, AIG’s chief executive officer gave his take on the dominance of wholesalers in the specialty insurance...
Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage
Aug 17 2022 // Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha against climate...
AIG Exceeds Profit Estimates on Strong Underwriting Gains
Aug 9 2022 // Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in the company’s...
