Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG’s Turpin Joins Arch Insurance as Head of U.S. Property
Sep 6 2018 // Valerie Turpin has joined Arch Insurance as executive vice president and Head of U.S. Property. She succeeds Michael Kmetz, who has taken a different role within the firm. In this position, Turpin will have oversight of...
AIG CEO Expects More Trading of Insurance-Linked Assets
Sep 6 2018 // American International Group Inc. Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to...
Repko Joins AIG as AIG Chief Information Officer, Replacing Gallo
Aug 21 2018 // American International Group announced that John P. Repko will join the company as executive vice president, chief information officer, effective September 4, succeeding Martha Gallo, who the insurer said is leaving AIG to...
AIG CEO Duperreault Vows Continued ‘Sense of Urgency’ on Reaching Elusive Profitability
Aug 10 2018 // After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to profitability will continue...
AIG Appoints Aspen Re’s Lillelund as CEO of AIG Europe in Luxembourg
Aug 8 2018 // American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the...
AIG Names Wismer as SVP, Deputy Chief Financial Officer & Chief Accounting Officer
Aug 7 2018 // American International Group, Inc. has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer, effective immediately. Wismer will be based in New York and report to...
AIG’s Q2 Profit Drops 17% as General Insurance Fails to Improve
Aug 3 2018 // American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5...
AIG Names McElroy from Arch as CEO of Lexington Insurance Co.
Aug 2 2018 // American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined. McElroy will lead Lexington Insurance Co. and report...
AIG, Carlyle Group Partner to Build Reinsurer, Run-Off Firm for Complex Risks
Aug 1 2018 // Global insurer American International Group and private equity and financial services firm The Carlyle Group are forming a partnership to build a standalone provider of reinsurance, claims handling and run-off management...
AGCS Taps AIG’s Davì-Greer as Regional Head of Financial Lines
Jul 30 2018 // Allianz Global Corporate & Specialty (AGCS) has appointed Stefania Davì-Greer to head of Financial Lines for Regional Unit London (RUL). Based in London, Davì-Greer will join in October with responsibility for the...
AIG Completes $5.5 Billion Acquisition of Validus
Jul 18 2018 // American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight...
Here’s a Shocker: Insurance Industry Reserves Still Adequate
Jun 25 2018 // Although analysts at Conning didn’t actually use the word “shocked” in their latest report on the property/casualty industry’s loss reserve position, the title of the report—and the image on the...
Personal Cyber Insurance-Security Packages Being Tested with Wealthy
Jun 18 2018 // Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. What makes Jerry Hourihan lose sleep is that everyone’s information already...
Personal Cyber Insurance-Security Packages Being Tested with Wealthy
Jun 7 2018 // Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. What makes Jerry Hourihan lose sleep is that everyone’s information already...
How Safe Must Driverless Vehicles Be to Be Accepted? Very Safe.
May 31 2018 // The race is on for companies to present their driverless cars to the public, but recent collisions involving autonomous vehicles developed by Uber Technologies Inc. and Tesla Inc. have led to doubts about whether these...
Mercer’s Sun to Succeed Zheng as CEO of AIG’s China Insurer
May 24 2018 // American International Group announced that Lisa Sun will join the company as chief executive officer of AIG Insurance Company China. Sun joins AIG from Mercer, where most recently she was CEO of Mercer’s Hong Kong...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 21 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
S&P Affirms Ratings for AIG with Negative Outlook
May 18 2018 // S&P Global Ratings has affirmed its ‘A+’ insurer financial strength rating and ‘BBB+’ long- and ‘A-2’ short-term issuer credit ratings on American International Group Inc. (AIG), and...
Morin Assumes CFO Role at Arch as Lyons Exits to AIG
May 15 2018 // François Morin is assuming the role of executive vice president and chief financial officer of Arch Capital Group Ltd. Morin replaces outgoing CFO Mark Lyons, who is leaving Arch to become senior vice president and chief...
