Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling
Jun 26 2019 // A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle to obtain $100 million dating back to the financial crisis, after he said that the insurance...
2 Ex-AIG Employees Win $10M in France, Ahead of Separate $100M Bonus Case in UK
Jun 21 2019 // Two former American International Group Inc. employees won awards totaling about $10 million after French judges chastised the insurance giant for trying to block the payment of bonuses they’d already earned to cover...
AIG’s Klepper Joins AXA XL as Chief Underwriter for Short Tail Insurance Lines
Jun 20 2019 // AXA XL, the property/casualty and specialty risk division of AXA, has named Robert Klepper as chief underwriting officer for Short Tail Insurance Lines. In his new role, Klepper will be responsible for developing...
AIG Consolidates Reinsurance into New AIG Re; Taps Marsh’s Schaper as CEO
Jun 19 2019 // American International Group announced the formation of AIG Re, which consolidates the company’s assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, into one global business. AIG...
Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business
Jun 19 2019 // Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market,...
‘I Have to Earn My Living,’ Says AIG CEO After Close Shareholder Vote on His Pay
Jun 7 2019 // American International Group Inc. Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow...
AIG Makes Changes at Top of Global P/C Underwriting, Validus
Jun 6 2019 // American International Group announced leadership appointments in its Global Chief Underwriting Office, adding underwriters with expertise in global property and casualty underwriting. These appointments are effective...
AIG Raises McElroy to General Insurance North America CEO; Levinson to Lexington CEO
Jun 5 2019 // American International Group reported that David McElroy, president and CEO of Lexington, has been promoted to president and CEO of the North America operations of General Insurance. This new appointment is effective...
Only 55% of AIG Shareholders OK $21 Million Compensation for CEO Duperreault
May 22 2019 // American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A...
Advisory Firms Urge ‘No’ Vote on AIG Execs’ Pay Packages
May 16 2019 // American International Group Inc. shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor...
AIG Scores P/C Insurance Profit in Q1
May 7 2019 // Insurer American International Group Inc. reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since the financial...
AIG Settles Another Claim Against Cosby, Who Again Blasts Insurer
Apr 18 2019 // Bill Cosby’s insurance company has settled another lawsuit filed by a female accuser a week before the imprisoned comedian was set to give a deposition in the case, prompting Cosby to call the insurer...
People
Apr 15 2019 // National American International Group has named Carla Ferrara as head of communications for AIG’s Investments organization. Ferrara will be based in New York and report to Elaine Rocha, chief operating officer of AIG...
AIG Offers to Settle 7 Defamation Claims Against Cosby; Comedian Asserts Innocence
Apr 8 2019 // American International Group, acting under a homeowner’s insurance policy it issued for comedian Bill Cosby, has settled defamation claims filed by seven women against the entertainer. Terms of the settlements were...
QBE’s Zortman Joins AIG to Lead Private Client Group
Apr 5 2019 // American International Group said Kathleen Zortman will join the company as president and chief executive officer of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net...
AIG CEO Duperreault Was Paid $20.9 Million in 2018, Half of 2017 Compensation
Apr 3 2019 // Insurer American International Group Inc. said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder...
AIG Names Baich, Formerly with Wells Fargo and NSA, as Information Security Officer
Apr 1 2019 // American International Group announced that Rich Baich will join the company as senior vice president, chief information security officer, effective April 22. In this role, Baich will lead the firm’s global...
AIG Exits Individual Personal Lines Business in Canada
Mar 29 2019 // American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. “We continually review our operations to...
People
Mar 18 2019 // National Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali...
Marsh Names AIG’s Bauer as Sharing Economy, Mobility Practice Leader
Mar 4 2019 // Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in the new economy,...
