Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Ex-AIG CEO Benmosche’s Memoir Talks of Fending Off Wall Street Sharks
Apr 13 2016 // Robert Benmosche, the former American International Group Inc. chief executive officer who repaid a U.S. bailout, left behind criticism for Wall Street after his death. “The commissions being charged on the auctions...
AIG’s Patel Joins QBE North America as Chief Human Resources Officer
Apr 12 2016 // QBE North America reported that Shruti Patel has joined the organization as chief human resources officer. Patel replaces Hy Pomerance, who was recently appointed chief human resources officer, Emerging Markets, an...
AIG Weighs Cutting Nearly 125 U.K. Jobs, in Plan to Reduce Costs: Sources
Apr 7 2016 // American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations, according...
AIG Prize Fight Hancock vs. Icahn: Who’s Winning Now?
Apr 7 2016 // News that activist investor Carl Icahn has his eye on a company must make any chief executive officer feel a bit like a water buffalo that has suddenly realized it is being tracked by a hungry lion. So it’s worth...
Berkshire Hathaway Specialty Hires AIG Exec Valzania in Boston
Apr 5 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has hired David Valzania as customer and broker engagement leader for the eastern U.S. region. He is based in BHSI’s office in Boston. Valzania comes to BHSI with nearly...
AIG CEO Hancock Sees Opportunity in MetLife Systemic Risk Win
Mar 31 2016 // A judge’s ruling that MetLife Inc. is not “too big to fail” opens up an opportunity for insurer American International Group Inc. to seek an exemption from the tag, AIG Chief Executive Peter Hancock said...
MetLife Victory Could Push AIG, Pru to Fight Systemic Risk Designations
Mar 31 2016 // After regulators slapped the too-big-to-fail label on MetLife Inc., Chief Executive Officer Steve Kandarian had several responses. One was to challenge government watchdogs in court — a move shunned by other insurers...
AIG’s United Guaranty Files for IPO
Mar 31 2016 // AIG’s mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S. regulators, as part of a previously announced move to spin off the business. AIG announced in...
AIG Executives’ Pay Trimmed for Missing Profit Goals
Mar 30 2016 // American International Group Inc., the insurer being pressured by activist investors to split up, cut short-term incentive pay for Chief Executive Officer Peter Hancock by 29 percent last year as he missed profit...
AIG Continues with Job Cuts; Warns 242 in New York Next to Go
Mar 23 2016 // American International Group Inc., the insurer that’s been under pressure from activist investors, said it plans to cut 242 jobs at five locations in New York City. The reductions will take place through Sept. 30,...
For Greenbergs Post-AIG, Business Is $650M Family Affair
Mar 22 2016 // Long after leaving American International Group Inc., members of the Greenberg family are expanding financial ties through companies they now oversee. Evan Greenberg’s Chubb Ltd., previously known as Ace Ltd., has...
People – East
Mar 21 2016 // John Q. Doyle, who was ousted from the executive ranks of American International Group in a management shakeup in December, is joining global insurance broker Marsh. Marsh said it has appointed Doyle as president,...
People – Southeast
Mar 21 2016 // John Q. Doyle, who was ousted from the executive ranks of American International Group in a management shakeup in December, is joining global insurance broker Marsh as president, effective April 15. In this newly-created...
AIG Frees Up Capital with Reinsurance Pact with Swiss Re
Mar 10 2016 // American International Group Inc., the insurer stung by losses on higher-than-expected claims costs, said Swiss Re AG has agreed to take on some of the company’s risks tied to casualty policies. The two-year...
Supreme Court Nixes AIG Bid to Recoup Foreign Tax Credits
Mar 7 2016 // The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to curb corporate abuse of...
Former AIG Executive Doyle to Join Marsh as President
Mar 7 2016 // John Q. Doyle, who was ousted from the executive ranks of American International Group in a management shakeup in December, is joining global insurance broker Marsh. Marsh said it has appointed Doyle as president,...
Why Buyers, Sellers File Claims Under M&A Insurance: AIG
Mar 7 2016 // Nearly 14 percent of mergers and acquisitions (M&A) insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of...
XL Catlin Expands Professional Liability Unit; Adds AIG’s Santiago
Mar 2 2016 // XL Catlin has announced the regional expansion of its Hartford-based Professional Liability underwriting operations, establishing offices in New York, Chicago, Denver and Toronto. According to Dan Kumpf, chief executive of...
AIG, Coventry Settle Life Settlements Case
Mar 1 2016 // American International Group Inc. said on Monday that it had reached a settlement resolving a $2 billion lawsuit accusing a Philadelphia-area firm overcharging it for life insurance policies acquired from elderly...
Why Buyers, Sellers File Claims Under M&A Insurance: AIG Study
Feb 26 2016 // Nearly 14 percent of mergers and acquisitions (M&A) insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of...
