Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG’s Sparro Joins Endurance Specialty as CEO of U.S. Insurance
Sep 1 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, said Christopher Sparro is joining the company as executive vice president and chief executive officer...
AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch
Aug 29 2016 // About 120 U.S. insurance groups wrote an estimated $1 billion in cyber insurance direct written premiums in 2015, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S....
WSJ: AIG May Sell Shares in Lloyd’s Unit Ascot to Canadian Pension Board
Aug 23 2016 // American International Group Inc. is in early talks to sell its minority stake in the Lloyd’s of London syndicate manager Ascot Underwriting Holdings Ltd. to Canada Pension Plan Investment Board (CPPIB), the Wall...
AIG Names Leggett-Flynn as Chief Communications Officer
Aug 23 2016 // American International Group, Inc. (AIG) has appointed Cindy Leggett-Flynn as senior vice president, chief communications officer. In this position, Leggett-Flynn will be responsible for AIG’s communications strategy...
Business Moves
Aug 22 2016 // U.S. Risk, Kohlberg & Co. Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm Kohlberg & Co....
Critic Icahn Warms to AIG CEO Hancock’s Plans, Likes $3.4 Billion Deal
Aug 17 2016 // Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he’s warming to the approach of the insurer’s chief executive officer. ” Peter...
Further Simplifying, AIG to Sell United Guaranty to Arch for $3.4 Billion
Aug 16 2016 // American International Group Inc. agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to...
AIG CEO Focus on Boosting Returns, Not Too Big to Fail Label
Aug 10 2016 // American International Group Inc. Chief Executive Officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. Peter...
NSM Forms Joint Venture with Massachussetts-Based ABRY Partners, AIG
Aug 8 2016 // NSM Insurance Group, an insurance program administrator based in Pa., has agreed to enter into a joint venture with Massachussetts-based private equity investment firm, ABRY Partners, and AIG. Through this partnership, NSM...
Lower Costs, Improved Underwriting Boost AIG Profit in Q2
Aug 3 2016 // American International Group Inc., the largest commercial insurer in the United States and Canada, reported an operating profit that beat analysts’ estimate, driven by lower costs and strong underwriting during the...
AIG Offers Brexit Coverage in UK for Anxious Executives
Jul 29 2016 // American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union. AIG division AIG UK will handle the...
Pressure Building on AIG CEO Hancock
Jul 27 2016 // The American International Group Inc. chief executive officer has posted three straight quarterly losses and will probably report Tuesday that profit in the three months ended June 30 fell 32 percent, according to analysts...
AIG’s Jones Named COO at TDC Risk Management
Jul 25 2016 // High net worth personal insurance firm TDC Risk Management (TDC), based in Maumee, Ohio, has hired Greg Jones as chief operating officer. Jones joins the closely held firm in support of its continued strong growth and...
AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures
Jul 20 2016 // AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage,...
AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall
Jul 12 2016 // Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business...
Insurance Society of Philadelphia to Honor Starr’s Greenberg with Leadership Award
Jul 11 2016 // The Insurance Society of Philadelphia (ISOP) announced that Maurice R. “Hank” Greenberg, chairman and CEO of C.V. Starr & Co. Inc., is the recipient of its 2016 Distinguished Leadership Award. The...
AIG Appoints JPMorgan’s Lewis as Chief Digital Officer
Jul 6 2016 // American International Group hopes an executive who helped bring Apple Pay and a number of mobile banking apps to JPMorgan Chase & Co. can help it generate similar digital customer service advances. Michael Lewis has...
AIG’s Zigerlig Joins Hub Northeast’s Fine Arts Division in New York
Jul 6 2016 // Katja Zigerlig has joined Hub Northeast as senior vice president, Fine Arts and Special Risks Group, responsible for developing business with collectors, museums, dealers and estates. Zigerlig will be based in the New York...
AIG’s Inselberg Joins Starr Companies as Senior VP, Financial Lines
Jun 28 2016 // Brian Inselberg has joined Starr Companies as senior vice president, Financial Lines. He will have overall responsibility for the growth and profitability of the portfolio as well as the leadership of the financial lines...
AIG CEO Hancock Finds Common Ground, Transparency with Activist Directors
Jun 16 2016 // Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock...
