Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Sells Entire Stake in China’s PICC Group at a Discount
Feb 28 2019 // American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time — early December...
AIG Reports Q4 Loss on Catastrophes, Lower Investment Returns
Feb 13 2019 // American International Group Inc. on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market. Excluding realized investment gains and...
AIG Names Ferrara to Head Investments Communications
Feb 12 2019 // 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, AIG...
Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO
Feb 6 2019 // Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at...
Big deals
Feb 4 2019 // Marsh/JLT, Brown & Brown/Hays Topped 2018 P/C Agency Mergers A handful of big deals dominated the very busy property/casualty insurance agency and broker merger news cycle for 2018. Based on Insurance Journal...
AIG’s Strong Joins Tokio Marine as Business Innovation Officer
Jan 23 2019 // Specialty insurer Tokio Marine HCC announced that Shilpa Strong has joined the company as Business Innovation Officer to pursue continued investment in operational efficiencies, customer experience and digital...
Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General
Jan 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the...
AIG’s Bernal Joins AXA XL’s Broker/Client Management Team in Texas
Jan 17 2019 // Roman E. Bernal has joined AXA XL’s broker and client management team in Houston as client distribution leader for the US South Central region, reporting to Wayne Speeg, US South Central regional leader. Bernal will...
Former CNA CEO Motamed Joins AIG Board
Jan 16 2019 // The board of directors of American International Group has elected Thomas Firouz Motamed, who retired as chairman and chief executive officer of CNA Financial Corp. in 2016, as a director. Motamed has also been appointed...
CorPro Underwriting Managers Expands AIG Management Liability Offering
Jan 8 2019 // CorPro Underwriting Managers has expanded its availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (directors and officers, employment practices,...
Harris to Head Argo International Operations; Hernandez Takes on Strategic Initiatives Role
Dec 18 2018 // Global specialty insurer and reinsurer Argo Group International Holdings, has appointed Matt Harris to be group head of the company’s international insurance operations, including the United Kingdom, Europe, Asia,...
A Desire to Leave the World Better Than He Found It: Acts of Generosity from AIG’s Founder C.V. Starr
Dec 17 2018 // Cornelius Vander Starr had many identities, including American entrepreneur, successful businessman, salesman, fearless world traveler and business pioneer. As the founder of what is now American International Group, he...
People
Dec 17 2018 // NAS Insurance Services LLC has expanded its senior management team with several new appointments, including naming Marcus D’Anna chief financial officer. D’Anna’s appointment as CFO comes after five years...
AIG Arranges First CLO Deal Since Financial Crisis
Dec 12 2018 // American International Group Inc. has returned to the red-hot collateralized loan obligation market as an asset manager with its first sale since the financial crisis. The $500 million transaction is being arranged by...
AIG Expands Coverage as Whisky Collecting Gains Among Wealthy
Dec 10 2018 // With prices of rare whisky soaring into the six and seven digits, ensuring that precious spirit is protected is not only recommended but essential, says Ron Fiamma, head of global collections at AIG’s private client...
AIG Chief Data Officer DalleMule Jumps to Insurtech Startup Planck
Dec 6 2018 // Planck Resolution, AI-based data platform for commercial insurance, has hired Leandro DalleMule as general manager, North America. Prior to joining Planck Resolution, DalleMule was the chief data officer (CDO) and head of...
AIG Appoints MetLife’s Shah as Asia Pacific CEO
Dec 5 2018 // American International Group, Inc. (AIG) has appointed Sachin N Shah as chief executive officer of Asia Pacific, AIG General Insurance. Shah has been chairman, president and CEO of MetLife Japan since 2013 and prior to...
AIG Names Lyons as CFO, Succeeding Sankaran
Dec 5 2018 // American International Group (AIG) has appointed Mark D. Lyons to the role of executive vice president and chief financial officer (CFO), succeeding Sid Sankaran, who will remain at AIG in an advisory capacity through the...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers
Nov 15 2018 // Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and...
AIG, Carlyle Complete Deal Creating Run-Off Reinsurer, Fortitude Re
Nov 14 2018 // The Carlyle Group has completed its acquisition of a 19.9 percent stake in Fortitude Group Holdings, a reinsurer operating as Fortitude Re, formerly known as DSA Re. The AIG-Carlyle transaction, first announced in August,...
