Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 10 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
AIG Shareholders Approve $43 Million Compensation for CEO Duperreault
May 9 2018 // American International Group Inc said shareholders approved a $43.1 million pay package for 2017 for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday. A nonbinding resolution...
Shareholders to Decide If AIG CEO Should be Paid $43 Million
May 9 2018 // American International Group Inc. faces an uphill climb to convince shareholders to approve a $43.1 million pay package for Chief Executive Officer Brian Duperreault during the company’s annual meeting on...
Activist Icahn Breaks Up with AIG, Sells Shares
May 8 2018 // Billionaire investor Carl Icahn has sold his stake in American International Group Inc, ending a more than two-year association with one of the largest U.S. property and casualty insurers, according to a person familiar...
Ex-CEO for AIG Unit Tells UK Court Politics Not Why Bonuses Were Cut
May 4 2018 // An ex-chief executive officer of AIG’s Financial Products unit repeatedly told a U.K court that political and media pressure didn’t influence the company’s decision to “wipe out” a $600...
AIG CEO Vows to Improve Bottom Line by Year End
May 4 2018 // American International Group Inc. executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more...
Cat Losses Cut Into AIG Q1 Profit
May 3 2018 // American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer posted $938 million,...
Former AIG Financial Product Staffers Seek Bonuses They Say They Were Promised
May 3 2018 // A former marketing director at Banque AIG told a London court that he was repeatedly assured he’d receive his bonuses, even as he helped clean up a company crumbling from its role in the global financial...
AIG Acquisition Target Validus Reports Q1 Loss
May 3 2018 // Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier’s reinsurance arm. The downbeat...
XL’s Vidovich Joins AIG’s General Insurance as Chief Claims Officer
Apr 20 2018 // American International Group, Inc. announced that Anthony Vidovich will join the company as chief claims officer for General Insurance, effective May 14, 2018. In this role, Vidovich will be responsible for claims...
AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries
Apr 20 2018 // American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new...
CNA Names AIG’s James as Senior VP for Global Reinsurance
Apr 12 2018 // CNA reports that Mark James will join the company as senior vice president for Global Reinsurance. He will be responsible for CNA’s reinsurance strategies and purchasing around the globe. James has more than 15 years...
AIG Launches Travel Insurance on Demand App in Canada
Mar 28 2018 // Travel Guard Group Canada, Inc., the Toronto-based subsidiary of AIG, has launched a travel insurance app allowing Canadian customers (except Quebec residents) to purchase coverage in blocks of time through their...
Here’s What AIG Paid CEO Duperreault
Mar 28 2018 // American International Group paid its new chief executive Brian Duperreault $43.1 million last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over the compensation of...
Ex-AIG Execs Kick-Off New High Net Worth Insurer Vault in Florida
Mar 27 2018 // It was a no-brainer for former thought-leaders from AIG to set up shop for their new high net worth insurer in the Sunshine State, a state known for beautiful beaches, a growing economy and lots of wealthy individuals. A...
Marsh’s Dandridge Joins AIG as Marketing, Communications Head for General Insurance
Mar 26 2018 // American International Group said Ed Dandridge will join the company as head of Marketing and Communications, General Insurance, effective April 16. In this role, Dandridge will be responsible for General Insurance’s...
Supreme Court Refuses to Hear Greenberg Appeal Over AIG Bailout
Mar 26 2018 // The U.S. Supreme Court on Monday handed a defeat to former American International Group Inc. CEO Maurice “Hank” Greenberg, refusing to hear an appeal he led arguing that the federal government illegally bailed...
Ally of Activist Investor Icahn to Leave AIG Board
Mar 15 2018 // Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc., will not seek re-election to the post at the insurer’s annual meeting in May, the company said in a filing on...
AM General Faces Michigan Breach of Contract Suit over $3M in Unpaid Bills
Mar 12 2018 // A Michigan company is suing AM General, alleging the vehicle manufacturer owes more than $3 million for contract work at its northern Indiana plant. Michigan-based Allied Industrial Group’s original contract called...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
