AIG Hikes Rates Up to 45%; Reports Interest in Life/Retirement Unit Sale February 18, 2021 By Alwyn Scott and Suzanne Barlyn American International Group Inc. said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a...
AIG Sees ‘Continued Progress’ Despite P/C Underwriting Loss of $171 Million in Q4 February 17, 2021 American International Group’s property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after...
AIG’s Coronavirus Hits Include Travel, Workers’ Comp, Property, Trade Credit Lines August 5, 2020 By Suzanne Barlyn Insurer American International Group Inc. racked up $730 million in COVID-19-related losses during the first half of the year, its...
AIG Q2 Profit Falls on Higher Catastrophe Losses, Lower Private-Equity Returns August 4, 2020 By Suzanne Barlyn Insurer American International Group Inc. on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe...
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead May 5, 2020 By Suzanne Barlyn, Noor Zainab Hussain and Bharath ManjeshR Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money...