Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Promotes McElroy to CEO of North America General Insurance
Aug 13 2020 // American International Group announced that David McElroy, currently president and chief executive officer of the North American operations of General Insurance, has been promoted to chief executive officer, General...
AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’
Aug 6 2020 // AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. “We believe that COVID has...
AIG’s Coronavirus Hits Include Travel, Workers’ Comp, Property, Trade Credit Lines
Aug 5 2020 // Insurer American International Group Inc. racked up $730 million in COVID-19-related losses during the first half of the year, its chief executive officer said on Tuesday. The pandemic is a “formidable and ongoing...
AIG Q2 Profit Falls on Higher Catastrophe Losses, Lower Private-Equity Returns
Aug 4 2020 // Insurer American International Group Inc. on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Adjusted after-tax income attributable to...
AIG Will Move to New Manhattan Headquarters in 2021
Jul 22 2020 // American International Group is moving its global headquarters in 2021 as part of a continued push to modernize its operations, the company disclosed on July 21. The property/casualty insurance giant will still maintain a...
Circus Circus Sues AIG in Nevada over Rejected Coronavirus Claim
Jul 8 2020 // Circus Circus Hotel and Casino has filed a lawsuit against AIG Specialty Insurance Co. alleging that AIG wrongfully denied coverage for the company’s losses resulting from the COVID-19 pandemic. The lawsuit was filed...
Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients
Jun 30 2020 // American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the...
Zaffino, AIG’s No. 2, Fights to Turn Around the House That Hank Greenberg Built
Jun 5 2020 // American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago. “I didn’t want any advice,” Zaffino, AIG’s president, said in a...
Carlyle, T&D Holdings Complete Acquisition of 76% Interest in Fortitude Group From AIG
Jun 3 2020 // Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American...
Lloyd’s Canada Appoints Former AIG Executive Lipman as President
Jun 2 2020 // Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters. Lipman assumes the role of AIF from Lisa Duval, who took the position...
AIG Shareholders Approve Insurer’s Executive Compensation Plan
May 15 2020 // Shareholders of American International Group Inc. strengthened their support for the U.S. insurance company’s executive compensation plan after the board made changes to its pay packages, according to vote totals AIG...
Everest Insurance Taps Patel from AIG Europe as UK Head of Transactional Risk
May 13 2020 // Everest Insurance announced the appointment of Sujal Patel as the UK Head of Transactional Risk for Everest Global Markets, which includes Everest Insurance Ireland, dac. and Lloyd’s Syndicate 2786. Patel brings more...
Proxy Firms Offer ‘Cautionary Support’ for AIG Executive Pay Before Shareholder Vote
May 12 2020 // American International Group Inc. faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay. Investors offered relatively...
Young Brokerage Founder Seeks to Target ‘Underserved’ High Net Worth Space
May 8 2020 // As a self-taught app developer, when Hayden Kopser sees a problem, he seeks to build a solution. So, when he observed during his time working at AIG that some brokerages weren’t adequately servicing high net worth...
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead
May 5 2020 // Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe...
AIG Launches Largest-Ever Syndicate at Lloyd’s, Operating in High Net Worth Sector
May 4 2020 // American International Group has launched Lloyd’s Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd’s. Syndicate 2019 will exclusively reinsure risks from AIG’s Private Client...
NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry
Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...
Guy Carpenter Taps Williams from AIG as Global Head of Client Support Services
Apr 29 2020 // Guy Carpenter & Co., LLC, the reinsurance brokerage business of Marsh & McLennan Cos., announced that George Williams has been appointed managing director, global head of Client Support Services, effective...
New Jersey-Based AIG Director Delaney Joins Board for Virginia’s Invest
Apr 22 2020 // Invest, an insurance industry classroom-to-career education program, has named Diane Delaney, assistant vice president and sales and marketing director for AIG Private Client Group, as its newest board member. Delaney is...
Tokio Marine HCC in Houston Names AIG’s Pastor Chief Actuary
Apr 16 2020 // Tokio Marine HCC has appointed Nick Pastor as senior vice president and chief actuary. Based in Houston, Pastor reports to Tom Weist, Tokio Marine HCC’s co-chief financial officer. Pastor has more than 25 years of...
