Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients
Jun 30 2020 // American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the...
Zaffino, AIG’s No. 2, Fights to Turn Around the House That Hank Greenberg Built
Jun 5 2020 // American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago. “I didn’t want any advice,” Zaffino, AIG’s president, said in a...
Carlyle, T&D Holdings Complete Acquisition of 76% Interest in Fortitude Group From AIG
Jun 3 2020 // Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American...
Lloyd’s Canada Appoints Former AIG Executive Lipman as President
Jun 2 2020 // Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters. Lipman assumes the role of AIF from Lisa Duval, who took the position...
AIG Shareholders Approve Insurer’s Executive Compensation Plan
May 15 2020 // Shareholders of American International Group Inc. strengthened their support for the U.S. insurance company’s executive compensation plan after the board made changes to its pay packages, according to vote totals AIG...
Everest Insurance Taps Patel from AIG Europe as UK Head of Transactional Risk
May 13 2020 // Everest Insurance announced the appointment of Sujal Patel as the UK Head of Transactional Risk for Everest Global Markets, which includes Everest Insurance Ireland, dac. and Lloyd’s Syndicate 2786. Patel brings more...
Proxy Firms Offer ‘Cautionary Support’ for AIG Executive Pay Before Shareholder Vote
May 12 2020 // American International Group Inc. faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay. Investors offered relatively...
Young Brokerage Founder Seeks to Target ‘Underserved’ High Net Worth Space
May 8 2020 // As a self-taught app developer, when Hayden Kopser sees a problem, he seeks to build a solution. So, when he observed during his time working at AIG that some brokerages weren’t adequately servicing high net worth...
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead
May 5 2020 // Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe...
AIG Launches Largest-Ever Syndicate at Lloyd’s, Operating in High Net Worth Sector
May 4 2020 // American International Group has launched Lloyd’s Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd’s. Syndicate 2019 will exclusively reinsure risks from AIG’s Private Client...
NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry
Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...
Guy Carpenter Taps Williams from AIG as Global Head of Client Support Services
Apr 29 2020 // Guy Carpenter & Co., LLC, the reinsurance brokerage business of Marsh & McLennan Cos., announced that George Williams has been appointed managing director, global head of Client Support Services, effective...
New Jersey-Based AIG Director Delaney Joins Board for Virginia’s Invest
Apr 22 2020 // Invest, an insurance industry classroom-to-career education program, has named Diane Delaney, assistant vice president and sales and marketing director for AIG Private Client Group, as its newest board member. Delaney is...
Tokio Marine HCC in Houston Names AIG’s Pastor Chief Actuary
Apr 16 2020 // Tokio Marine HCC has appointed Nick Pastor as senior vice president and chief actuary. Based in Houston, Pastor reports to Tom Weist, Tokio Marine HCC’s co-chief financial officer. Pastor has more than 25 years of...
Casino Gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL
Mar 24 2020 // A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among...
AIG Taps Hancock from Lloyd’s as CEO of International General Insurance
Feb 27 2020 // American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance. In this role, Hancock will lead the International operations of AIG’s General...
AIG Maps Out Major Investment in Technology, Core Processes
Feb 14 2020 // American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology infrastructure and services. The...
AIG and P/C Underwriting Post Profit for Q4
Feb 13 2020 // American International Group reported fourth quarter 2019 net income of $922 million compared to a net loss of $622 million in the prior-year quarter. The results reflected improvement in its closely-watched General...
‘Numbers Guy’ Zaffino Expected to Succeed Duperreault as AIG CEO…Eventually
Feb 12 2020 // Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained...
Brit Global Specialty Names AIG’s Ruhlman to U.S. Cyber Team
Jan 14 2020 // Brit Ltd. has named Douglas Ruhlman as assistant vice president, Cyber, for Brit Global Specialty USA. Ruhlman will work to support the underwriting and growth of Brit’s U.S. cyber portfolio. He will report to Jeff...
