Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Small Business Digital Insurer Attune Adds Starr’s Stamets, OnDeck’s Dreiling
Nov 3 2017 // Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets as head of Underwriting Strategy. Dreiling oversees Attune’s analytics, people and...
AIG Reports Q3 Loss on Commercial Lines Reserve Boost, Catastrophe Losses
Nov 3 2017 // Highlighting the development as a “noteworthy item” in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before taxes, which...
AIG Names MetLife’s Townsend as CEO, International General Insurance
Oct 31 2017 // American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In this newly created role, Townsend will lead the international...
AIG Renames Tech-Focused Commercial Insurance Unit Blackboard
Oct 31 2017 // American International Group’s technology-focused subsidiary formerly known as Hamilton USA has a new name, Blackboard. Hamilton USA was part of Hamilton Insurance Group. AIG announced plans to buy the unit in May...
AIG Expanding Commercial Casualty Policies to Include Cyber Coverage
Oct 27 2017 // American International Group Inc. said it would include cyber coverage to its commercial casualty insurance during the first quarter of 2018, a move that would boost rates but make it clearer how customers are covered if...
AIG, Insurer for Disney/ABC, Balks at Paying Part of ‘Pink Slime’ Settlement
Oct 27 2017 // American International Group Inc. on Thursday sued Walt Disney Co. to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer’s defamation lawsuit over a product that critics call...
Former Connecticut Regulator Leonardi Joins AIG in Public Policy Post
Oct 24 2017 // American International Group reported that Thomas Leonardi will join the company as executive vice president, Government Affairs, Public Policy and Communications, effective Nov. 1. Leonardi previously served as the...
AIG UK Sells Its 1st Sharia-Compliant M&A Policy in London
Oct 19 2017 // AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London’s M&A insurance market, as the city looks to Islamic finance to help bring new...
AIG to Sell Medical Stop-Loss Operations to Tokio Marine HCC
Oct 4 2017 // Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group (AIG). Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But the operations in...
Driver Concerns Over the Future of Autonomous Vehicles: AIG Study
Oct 3 2017 // Safety of the vehicles, including the risk of hacking, are key concerns when it comes to autonomous vehicles, according to a study by American International Group, Inc. on the whether or not Americans accept or reject...
U.S. Regulator Lifts Systemic Risk Tag on Slimmed-Down AIG
Oct 2 2017 // American International Group Inc. is no longer too big to fail. That was the ruling Friday from the Financial Stability Oversight Council, which said AIG, whose collapse in 2008 reverberated throughout the U.S. economy,...
Robo Adviser Helps Drive Record Boost in AIG Investment Business
Sep 27 2017 // American International Group Inc., the 98-year-old insurer and retirement planner, is finding being tech-savvy pays off. Consumers are pumping cash into a unit that oversees $244 billion in client assets after it invested...
AIG Restructures Again; Commercial Lines CEO Schimek to Leave
Sep 25 2017 // American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The...
Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers
Sep 25 2017 // A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems “systemically important.” The Financial...
Judge Allows Ex-AIG Leader Greenberg’s Defamation Claim Against Ex-AG Spitzer
Sep 14 2017 // Maurice “Hank” Greenberg, former chief executive of American International Group Inc., may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state...
AIG Names Nardello’s Fato as General Counsel, Succeeding Solmssen
Sep 6 2017 // American International Group announced that Lucy Fato will join the company as executive vice president and general counsel. Fato will oversee the Global Legal, Compliance, Regulatory and Government Affairs function, and...
New York Bus Firms Seek Damages Over Handling of Workers’ Comp Claim
Sep 4 2017 // New York Bus Operators Compensation Trust (NYBOCT), a Bay Shore, N.Y.-based group self-insured trust created by a number of New York passenger bus companies, has filed a complaint against Arthur J. Gallagher & Co.,...
AIG Revives Lucrative Top Executive Pay Packages of Pre-Bailout Glory Days
Aug 29 2017 // American International Group Inc.’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he has already...
AIG Wants to Sell $2 Billion in Life Settlements Business
Aug 16 2017 // American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial...
AIG Appoints Williamson as Global Head of Employee Communications
Aug 14 2017 // American International Group Inc. has appointed Anita Williamson as global head of employee communications, effective today. In this role, Williamson will develop and execute global programs to strengthen employee...
