Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Expects to Win Some, Lose Some in Sale of Assets
Nov 21 2016 // American International Group Inc., the insurer that’s shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to sell Fuji Life...
Allied World APAC Appoints 2 Casualty Specialists from AIG
Nov 16 2016 // Allied World Assurance Company Holdings announced two appointments to its General Casualty Division in Asia: Daphne Boon to the position of vice president, head of General Casualty (Asia), and Christie Huang Shuying to...
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Nov 15 2016 // Hong Kong tycoon Richard Li is poised to buy American International Group Inc.’s Fuji Life Insurance Co. business, a deal that marks his FWD Group’s first foray into Japanese insurance. AIG will continue to...
Judge Rules AIG Must Defend Bill Cosby in Defamation Claims
Nov 10 2016 // A federal judge said Bill Cosby’s homeowner’s insurance company must defend him against three civil defamation lawsuits in Massachusetts brought by several women who accused the once-beloved entertainer of...
Greenberg’s Starr Returns to Court Seeking Damages Over AIG Bailout
Nov 7 2016 // U.S. lawyers on Friday urged an appeals court to bless the federal government’s $85 billion bailout of American International Group Inc. At the same time, attorneys for Maurice “Hank” Greenberg are asking...
Some on Wall Street Losing Patience with AIG
Nov 4 2016 // American International Group Inc.’s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international commercial coverage...
AIG Reports Q3 Profit
Nov 3 2016 // American International Group Inc. posted profit that fell short of Wall Street estimates as costs swelled on contracts in which the insurer guarantees payments to accident victims. Third-quarter net income of $462 million,...
AIG Increases Property Terrorism Capacity to $1B
Oct 26 2016 // American International Group, Inc. (AIG) has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a stand-alone basis or as expanded limits within...
AIG’s Ex-CFO Herzog Joins MetLife Board
Oct 21 2016 // MetLife. Inc. announced that David L. Herzog has been elected to its board of directors, effective immediately. Herzog most recently served as executive vice president and chief financial officer of American International...
AIG to Sell Certain Latin American, Central and Eastern Europe Business to Fairfax
Oct 18 2016 // American International Group Inc. is selling its local commercial and consumer insurance operations in Argentina, Chile, Colombia, Uruguay, Venezuela and Turkey to property/casualty insurer Fairfax Financial Holdings...
10 Takeaways from the Future of Insurance and InsureTech Connect Conference
Oct 17 2016 // You’ve probably heard. There is tremendous investor interest right now in technology-first insurance startups, or insurtech firms. The first InsureTech Connect Conference in Las Vegas in early October attracted an...
AIG Pulls $7 Billion from Asset Manager to Manage In-House
Oct 14 2016 // AllianceBernstein Holding LP became another victim of the hedge fund rout when American International Group Inc. decided to wind down a six-year relationship with the asset manager. AIG was the ” most...
Everest Insurance Adds AIG, Starr Veterans to Wholesale Property Teams in Boston, Tampa
Oct 10 2016 // Following last week’s appointment of Christopher S. Curtin as head of Wholesale Property, Everest Insurance has made a number of additions to its wholesale property division. Maria Grace joins Everest as vice...
AIG Sued by Ex-Derivatives Staff Who Claim Denial of $100M in Bonuses
Oct 10 2016 // American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the stability of global...
Greenberg Denies Getting Involved in Details of Reinsurance Deals
Oct 6 2016 // Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud...
Former XL, AIG Executive Maag Joins Hamilton Insurance as CEO for U.S.
Oct 4 2016 // Former American International Group and XL executive Seraina Maag is joining Bermuda-based Hamilton Insurance Group as chief executive officer of Hamilton USA, the insurer’s platform for the U.S. Reporting to...
AIG Exiting Home, Personal Accident, Group Life In Brazil; Porto Seguro to Get Auto Policies
Oct 4 2016 // American International Group Inc.’s business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro SA as the U.S. company scales back its international businesses. The deal is subject to...
Hamilton, AIG, Two Sigma Small Business Platform to Launch Q4
Oct 3 2016 // American International Group Inc., Hamilton Insurance Group Ltd. and affiliates of Two Sigma Investments plan to launch Attune, a technology-enabled platform to serve the $80 billion U.S. small to medium-sized enterprise...
JPMorgan’s Tamassia Joins AIG as Chief Enterprise Architect
Oct 3 2016 // Hugh Tamassia is joining American International Group Inc. as chief enterprise architect with responsibility for designing an enterprise architecture to effectively drive AIG’s information technology priorities and...
Argo Group Names AIG’s Hernandez to Lead International Business
Sep 30 2016 // Bermuda-based specialty insurer Argo Group International Holdings announced the appointment of Jose A. Hernandez to lead the company’s international business, which includes all insurance and reinsurance operations...
