Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Judge Allows Ex-AIG Leader Greenberg’s Defamation Claim Against Ex-AG Spitzer
Sep 14 2017 // Maurice “Hank” Greenberg, former chief executive of American International Group Inc., may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state...
AIG Names Nardello’s Fato as General Counsel, Succeeding Solmssen
Sep 6 2017 // American International Group announced that Lucy Fato will join the company as executive vice president and general counsel. Fato will oversee the Global Legal, Compliance, Regulatory and Government Affairs function, and...
New York Bus Firms Seek Damages Over Handling of Workers’ Comp Claim
Sep 4 2017 // New York Bus Operators Compensation Trust (NYBOCT), a Bay Shore, N.Y.-based group self-insured trust created by a number of New York passenger bus companies, has filed a complaint against Arthur J. Gallagher & Co.,...
AIG Revives Lucrative Top Executive Pay Packages of Pre-Bailout Glory Days
Aug 29 2017 // American International Group Inc.’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he has already...
AIG Wants to Sell $2 Billion in Life Settlements Business
Aug 16 2017 // American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial...
AIG Appoints Williamson as Global Head of Employee Communications
Aug 14 2017 // American International Group Inc. has appointed Anita Williamson as global head of employee communications, effective today. In this role, Williamson will develop and execute global programs to strengthen employee...
Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG
Aug 9 2017 // Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American...
Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
AIG Discloses It Could Face Claims from London’s Grenfell Tower Fire
Aug 4 2017 // American International Group Inc., the provider of commercial insurance, told regulators it could face claims costs from the Grenfell Tower fire that killed dozens of people in June in London. “Our net exposure to...
AIG Joins Other Insurers in Moving Away from Financial Forecasts
Aug 4 2017 // Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned by goals that proved...
AIG’s Q2 Results Feature Expense Savings, Consumer Business
Aug 3 2017 // Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc. After-tax operating income was $1.4 billion for the second quarter 2017...
Senators Question If Trump Adviser, AIG Investor Icahn Plays Role in ‘Too Big to Fail’
Jul 28 2017 // Two prominent U.S. Democratic senators are raising questions about President Donald Trump’s special adviser, Carl Icahn, asking in a letter on Thursday if the activist investor is attempting to persuade the...
BHSI Taps AIG’s Maxwell, Chubb’s Dilley for Exec. & Professional Lines in S. Europe
Jul 26 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced the appointments of Vanessa Maxwell as head of Professional Indemnity & Cyber Insurance and Tom Dilley as head of Financial Institutions in Southern...
Hamilton’s Macia Returns to AIG to Head Tech-Driven Subsidiary
Jul 13 2017 // Seraina (Maag) Macia, chief executive officer of Hamilton USA, which AIG is acquiring, is returning to American International Group (AIG) under its new CEO, Brian Duperreault. Macia has been named executive vice president...
XL Catlin Appoints AIG’s Ochsenkuehn as Head of Global Programs
Jul 12 2017 // XL Catlin’s insurance operations announced the appointment of Sonja Ochsenkuehn as head of Global Programs with worldwide responsibility. Ochsenkuehn’s remit is to drive the network performance and best in...
RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit
Jul 11 2017 // Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit. Pascal Alvarez has...
Doyle Named to Succeed Departing Zaffino as CEO of Marsh
Jul 6 2017 // Marsh & McLennan Companies Inc. has appointed John Doyle as chief executive officer of its broker Marsh, effective immediately. Doyle will report to Marsh & McLennan Companies President and CEO Dan Glaser and...
Fed Gives AIG, Pru More Time to Submit ‘Living Wills’
Jul 6 2017 // U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) and Prudential Financial Inc. an...
Marsh CEO Zaffino Joins AIG as Global Chief Operating Officer
Jul 5 2017 // Brian Duperreault, the new CEO of American International Group (AIG), has tapped Peter Zaffino, a former colleague at insurance broker Marsh, to be executive vice president, global chief operating officer at AIG. In his...
Investor Icahn Eases Demand to Split AIG, Giving New CEO Room to Act
Jul 5 2017 // Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc., following the company’s sale of assets and hiring of a new chief executive officer, a person...
