Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Should Google’s Parent Buy AIG?
Feb 16 2016 // It’s an “audacious” idea, and Citigroup Inc. acknowledges as much. Google’s parent, Alphabet Inc., should buy American International Group Inc. to expand into financial services, and turn the...
AIG Takes More Off Top: Schreiber, Maag Out
Feb 16 2016 // American International Group Inc. veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the insurer overhauls...
AIG Ex-CEO Greenberg Agrees with Current CEO Hancock, Not Icahn
Feb 15 2016 // American International Group Inc. Chief Executive Officer Peter Hancock won short-term relief at the risk of longer-term challenges by striking an accord with activist investors who want to shrink the company, former CEO...
AIG Reports $1.8 Billion Q4 Net Loss on Weak Underwriting, Investments
Feb 12 2016 // American International Group Inc. reported an operating loss of $1.3 billion for the fourth quarter of 2015, compared to after-tax operating income of $1.4 billion in the prior-year quarter. Disappointing underwriting and...
Activists Icahn, Paulson Land Seats on AIG Board; Now What?
Feb 12 2016 // John Paulson and Carl Icahn, who became billionaires by identifying mispriced securities and pushing for corporate shakeups, face a new challenge after winning seats on the board of American International Group Inc., the...
Leading Reinsurers Line Up for Lemonade, the P2P Insurer
Feb 9 2016 // Lemonade, the startup peer-to-peer insurance carrier that has raised $13 million in initial funding, announced a line-up of global reinsurance partners, including Berkshire Hathaway and leading Lloyd’s of London...
AIG Scaling Back on Investments in Hedge Funds
Feb 9 2016 // American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company’s portfolio. The insurer has holdings in more than 100...
Business Moves
Feb 8 2016 // Aspen, AgriLogic Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspen’s specialty insurance...
Icahn Doesn’t Buy AIG’s Strategy; Readies Slate of Directors
Feb 1 2016 // Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the insurer’s chief executive officer was inadequate and that he’s...
Moody’s, S&P, A.M. Best Release Ratings for AIG After Strategic Plan Outlined
Jan 28 2016 // American International Group Inc., which activist investor Carl Icahn is pressuring to divest assets, had the outlook on its credit rating changed to negative from stable by Standard & Poor’s after the insurer...
AIG CEO Says Future Split Possible, But Downplays SIFI Risk; Will ‘Narrow’ P/C Focus
Jan 26 2016 // American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial (19 percent) spin-off of mortgage insurer United Guaranty Corp., said AIG is open to...
AIG to Sell Advisor Group Broker-Dealer to Lightyear
Jan 26 2016 // American International Group Inc. has agreed to sell AIG Advisor Group to investment funds affiliated with Lightyear Capital LLC, a private equity firm specializing in financial services investing, and PSP Investments, one...
AIG Rejects Full Split; Will IPO Mortgage Business, Sell Advisory Unit, Reorganize into ‘Modular’ Units
Jan 26 2016 // American International Group Inc. announced $3.6 billion in expenses to fill a reserve shortfall after higher-than-expected claims costs and will exit its mortgage insurer and sell an adviser network as Chief Executive...
KBW Analyst Dismisses AIG Mortgage Business Spinoff
Jan 25 2016 // American International Group Inc.’s plan to spin off a portion of its mortgage insurance unit is “almost pointless” given the challenges that Chief Executive Officer Peter Hancock faces to fix the much...
AIG Eyes Partial Spinoff of Mortgage Insurance Unit: Reuters
Jan 24 2016 // American International Group Inc. has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist investor...
Icahn Activism Not AIG’s First Test Under Pressure
Jan 21 2016 // American International Group Inc. knows what it’s like to be circled by hawks. American International Group Inc. knows what it’s like to be circled by hawks. Under pressure in 2009 to repay the insurer’s...
AIG Increases Global Commercial Property Limits to $2.5B
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
Icahn Renews Attack on AIG CEO Hancock; Insists ‘Drastic Shift’ Needed
Jan 19 2016 // Activist investor Carl Icahn has again called for American International Group (AIG) to be divided into three separate companies and expressed doubt that AIG CEO Peter Hancock’s planned strategy presentation next...
Argo Names AIG’s Mike-Mayer Chief Underwriter, NYWCB’s Wade Chief of Claims for U.S.
Jan 19 2016 // Specialty insurance and reinsurance carrier Argo Group International Holdings, Ltd. announced the appointments of Frank Mike-Mayer as chief underwriting officer and Mark Wade as chief claims officer, both serving as key...
MetLife Spinoff Plan Could Add to Pressure on AIG to Split
Jan 13 2016 // After General Electric Co. began selling finance operations to exit too-big-to-fail status, American International Group Inc. Chief Executive Officer Peter Hancock said it wasn’t clear that escaping the government...
