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...
AIG Reports Q3 Results With $450M in Losses From Ian November 2, 2022 Third quarter net income attributable to American International Group (AIG) shareholders increased about $1 billion compared with the same time...
AIG Life/Retirement Unit Corebridge Valued at $13B September 20, 2022 By Niket Nishant Shares of Corebridge Financial Inc opened 2 percent below the IPO price in their New York Stock Exchange debut on...
Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino September 13, 2022 By Susanne Sclafane Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting, AIG’s chief executive...
Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects August 22, 2022 By Niket Nishant and Simon Jessop Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for...
Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage August 17, 2022 By Chad Hemenway Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh,...
AIG Exceeds Profit Estimates on Strong Underwriting Gains August 9, 2022 Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned...