Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall
Jul 12 2016 // Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business...
Insurance Society of Philadelphia to Honor Starr’s Greenberg with Leadership Award
Jul 11 2016 // The Insurance Society of Philadelphia (ISOP) announced that Maurice R. “Hank” Greenberg, chairman and CEO of C.V. Starr & Co. Inc., is the recipient of its 2016 Distinguished Leadership Award. The...
AIG Appoints JPMorgan’s Lewis as Chief Digital Officer
Jul 6 2016 // American International Group hopes an executive who helped bring Apple Pay and a number of mobile banking apps to JPMorgan Chase & Co. can help it generate similar digital customer service advances. Michael Lewis has...
AIG’s Zigerlig Joins Hub Northeast’s Fine Arts Division in New York
Jul 6 2016 // Katja Zigerlig has joined Hub Northeast as senior vice president, Fine Arts and Special Risks Group, responsible for developing business with collectors, museums, dealers and estates. Zigerlig will be based in the New York...
AIG’s Inselberg Joins Starr Companies as Senior VP, Financial Lines
Jun 28 2016 // Brian Inselberg has joined Starr Companies as senior vice president, Financial Lines. He will have overall responsibility for the growth and profitability of the portfolio as well as the leadership of the financial lines...
AIG CEO Hancock Finds Common Ground, Transparency with Activist Directors
Jun 16 2016 // Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock...
AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs
Jun 16 2016 // American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock. “If a...
AIG’s Homand Joins Ironshore as Global Property Chief Underwriter
Jun 8 2016 // Ironshore Inc. has named Shawn Homand as chief underwriting officer of Global Property to oversee underwriting responsibilities and global product growth strategies throughout Ironshore’s property...
Federal Reserve Unveils New Proposed Capital Rules for Large Insurers
Jun 5 2016 // American International Group Inc. and Prudential Financial Inc.’s new capital rules should reflect the insurance business’s differences from Wall Street banking, the Federal Reserve said in a proposal to limit...
Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal
Jun 2 2016 // Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed...
AIG to Appeal Ruling Letting PIMCO Suit Over Financial Crisis Investments Proceed
Jun 2 2016 // American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer’s exposure to credit-default swaps...
AIG to Offer Crowdfunding Investor Protection in UK and Canada
May 25 2016 // American International Group Inc. has launched a new product for the global crowdfunding investment industry. This new insurance product was developed specifically to protect investors on equity crowdfunding platforms...
Beazley Expands Environmental Team in U.S. with XL Catlin, AIG, Ironshore Hires
May 24 2016 // Specialist insurer Beazley has made several senior hires to expand its environmental liability insurance team in the U.S. The Beazley environmental team now has 20 associates across the U.S., with local underwriting and...
Insurers Rethinking $17.7 Billion Invested in Hedge Funds
May 24 2016 // Insurers have had about enough of hedge funds. Stung by market-trailing returns, the insurance industry in the U.S. is reversing course after more than doubling its hedge fund allocation over five years, to $17.7 billion...
Activist Investor Icahn Buys More Shares in AIG
May 17 2016 // Activist investor Carl Icahn has raised his stake in American International Group Inc. by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent companies. Icahn now owns 44.4...
Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P
May 13 2016 // Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and...
AIG Chairman Defends Keeping Both Life and P/C Insurance Units
May 12 2016 // American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life insurance and property/casualty coverage, Chairman Doug Steenland...
AIG Pursues $4.1B from Hedge Funds After Q1 Loss
May 3 2016 // American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter. “As of today, we have...
AIG Q1 Net Loss of $183M Tied to Hedge Funds, Energy Investments
May 3 2016 // American International Group Inc., the insurer that’s shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the value of other...
Ex-AIG Executive Johnston to Succeed Duclos as CEO for QBE North America
May 3 2016 // A former AIG executive is joining QBE to become CEO of its North American operations. Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation starting on May 31, and be based in...
