Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Ex-AIG Execs Kick-Off New High Net Worth Insurer Vault in Florida
Mar 27 2018 // It was a no-brainer for former thought-leaders from AIG to set up shop for their new high net worth insurer in the Sunshine State, a state known for beautiful beaches, a growing economy and lots of wealthy individuals. A...
Marsh’s Dandridge Joins AIG as Marketing, Communications Head for General Insurance
Mar 26 2018 // American International Group said Ed Dandridge will join the company as head of Marketing and Communications, General Insurance, effective April 16. In this role, Dandridge will be responsible for General Insurance’s...
Supreme Court Refuses to Hear Greenberg Appeal Over AIG Bailout
Mar 26 2018 // The U.S. Supreme Court on Monday handed a defeat to former American International Group Inc. CEO Maurice “Hank” Greenberg, refusing to hear an appeal he led arguing that the federal government illegally bailed...
Ally of Activist Investor Icahn to Leave AIG Board
Mar 15 2018 // Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc., will not seek re-election to the post at the insurer’s annual meeting in May, the company said in a filing on...
AM General Faces Michigan Breach of Contract Suit over $3M in Unpaid Bills
Mar 12 2018 // A Michigan company is suing AM General, alleging the vehicle manufacturer owes more than $3 million for contract work at its northern Indiana plant. Michigan-based Allied Industrial Group’s original contract called...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
AIG Partners with Expedia to Provide Travel Insurance
Mar 5 2018 // Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company’s global customers. The move is part...
AIG’s Doubling of Q4 Loss Pinned on Wildfires, Tax Act
Feb 9 2018 // American International Group reported a net loss of $6.7 billion for the fourth quarter of 2017, compared to a net loss of $3.0 billion in the prior-year quarter. The fourth quarter of 2017 net loss included a charge of...
Former CIA Attorney Krass to Join AIG in General Counsel Roles
Feb 6 2018 // American International Group announced that Caroline Krass will join the company as senior vice president and general counsel for General Insurance, and deputy general counsel for AIG, effective in March. Krass previously...
People
Feb 5 2018 // David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it...
AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’
Jan 23 2018 // American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a...
If They Try It, They’ll Like It: How Ridesharing, Autonomous Cars Will Win Over the Public
Jan 23 2018 // Five years ago, when she was still an insurance broker with Marsh, Kate Sampson called insurance underwriters at American International Group (AIG) and other insurers with a new concept. “I’m working with this...
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment
Jan 22 2018 // Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer...
AIG Taps Barron from PwC as Head of International Government Affairs
Jan 19 2018 // American International Group (AIG) announced that Ed Barron will join the company as head of International Government Affairs, effective March 2018. In this new role, Barron will be responsible for developing a cohesive,...
AIG Reported to Have Held Talks to Acquire Voya
Jan 10 2018 // American International Group Inc. may be back in the market for large-scale deals. The insurer was in talks to buy Voya Financial Inc. in a transaction valued at more than $10 billion before negotiations fell apart in...
AIG Singapore Launches Online Motor Accident Reporting Platform
Dec 28 2017 // AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched an online motor accident reporting platform that allows policyholders to make accident reports and commence the claims process online. Designed to...
Blakey Named President, CEO of Starr Insurance Holdings as Dangelo Retires
Dec 20 2017 // Starr Companies announced the appointment of Steve Blakey as president and chief executive officer of Starr Insurance Holdings. Blakey replaces Chuck Dangelo, who has announced his retirement. Dangelo has been with Starr...
The Charity Issue: Photos of Giving
Dec 18 2017 // The Keane Insurance Group John Keane, president of The Keane Insurance Group, founded the Keane Charitable Group in 2010 after the earthquake in Haiti. Since then, The Keane Group has raised more than $1 million to build...
New AIG Cyber Model to Evaluate, Score Client Cyber Risk
Dec 12 2017 // American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack...
AIG Lures Berkshire Hathaway’s Bolt for Chief Underwriting Post
Dec 5 2017 // American International Group said Tom Bolt will join the company as chief underwriting officer, General Insurance. He will be responsible for developing a global framework for underwriting standards, authority and...
