AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business April 27, 2023 American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client...
Insurance Veteran Motamed, 74, Dies April 20, 2023 Thomas F. Motamed, an industry veteran who started his career as a claims trainee and eventually led some of the...
Lukoil Buys Into AIG’s Former Russian Subsidiary April 20, 2023 Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s...
Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer March 14, 2023 By Greg Farrell A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia March 13, 2023 By Siddharth Philip and Upmanyu Trivedi Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27% February 16, 2023 By Chad Hemenway Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion...
AIG, Stone Point Capital to Form Independent MGA for High Net Worth Business February 14, 2023 Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International...
AIG Fires Interim CFO Lyons January 31, 2023 By Chad Hemenway AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he “violated his confidentiality/non-disclosure obligations,” the company said. Lyons...
AIG CFO Takes Temporary Medical Leave January 11, 2023 American International Group (AIG) said Shane Fitzsimons, executive vice president and chief financial officer, is taking a temporary medical leave...
People Moves: Bailey Joins AIG as Global Head of Distribution and Field Operations January 4, 2023 American International Group (AIG) named Don Bailey as global head of distribution and field operations. He joins AIG from Bristlecone...