Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG
Aug 9 2017 // Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American...
Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
AIG Discloses It Could Face Claims from London’s Grenfell Tower Fire
Aug 4 2017 // American International Group Inc., the provider of commercial insurance, told regulators it could face claims costs from the Grenfell Tower fire that killed dozens of people in June in London. “Our net exposure to...
AIG Joins Other Insurers in Moving Away from Financial Forecasts
Aug 4 2017 // Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned by goals that proved...
AIG’s Q2 Results Feature Expense Savings, Consumer Business
Aug 3 2017 // Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc. After-tax operating income was $1.4 billion for the second quarter 2017...
Senators Question If Trump Adviser, AIG Investor Icahn Plays Role in ‘Too Big to Fail’
Jul 28 2017 // Two prominent U.S. Democratic senators are raising questions about President Donald Trump’s special adviser, Carl Icahn, asking in a letter on Thursday if the activist investor is attempting to persuade the...
BHSI Taps AIG’s Maxwell, Chubb’s Dilley for Exec. & Professional Lines in S. Europe
Jul 26 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced the appointments of Vanessa Maxwell as head of Professional Indemnity & Cyber Insurance and Tom Dilley as head of Financial Institutions in Southern...
Hamilton’s Macia Returns to AIG to Head Tech-Driven Subsidiary
Jul 13 2017 // Seraina (Maag) Macia, chief executive officer of Hamilton USA, which AIG is acquiring, is returning to American International Group (AIG) under its new CEO, Brian Duperreault. Macia has been named executive vice president...
XL Catlin Appoints AIG’s Ochsenkuehn as Head of Global Programs
Jul 12 2017 // XL Catlin’s insurance operations announced the appointment of Sonja Ochsenkuehn as head of Global Programs with worldwide responsibility. Ochsenkuehn’s remit is to drive the network performance and best in...
RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit
Jul 11 2017 // Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit. Pascal Alvarez has...
Doyle Named to Succeed Departing Zaffino as CEO of Marsh
Jul 6 2017 // Marsh & McLennan Companies Inc. has appointed John Doyle as chief executive officer of its broker Marsh, effective immediately. Doyle will report to Marsh & McLennan Companies President and CEO Dan Glaser and...
Fed Gives AIG, Pru More Time to Submit ‘Living Wills’
Jul 6 2017 // U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) and Prudential Financial Inc. an...
Marsh CEO Zaffino Joins AIG as Global Chief Operating Officer
Jul 5 2017 // Brian Duperreault, the new CEO of American International Group (AIG), has tapped Peter Zaffino, a former colleague at insurance broker Marsh, to be executive vice president, global chief operating officer at AIG. In his...
Investor Icahn Eases Demand to Split AIG, Giving New CEO Room to Act
Jul 5 2017 // Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc., following the company’s sale of assets and hiring of a new chief executive officer, a person...
EXIN Buys 75% Stake in Ethniki Insurance from National Bank of Greece for $819M
Jun 30 2017 // EXIN Financial Services Holding B.V. has purchased a 75 percent stake in insurer Ethniki Hellenic General Insurance S.A. from the National Bank of Greece (NBG) for €718 million (US$819.2 million). Amsterdam-based EXIN...
New AIG CEO Duperreault Wants to Pursue Acquisitions, Slow Buybacks
Jun 30 2017 // American International Group Inc.’s new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. “I’d love to find...
AIG Shareholders Approve $9.6 Million for Former CEO Hancock
Jun 29 2017 // American International Group Inc. shareholders on Wednesday approved the company’s 2016 compensation for executives, including the insurance giant’s former chief executive, Peter Hancock. Shareholders at the...
AIG ‘Smart’ Policy Uses Blockchain to Manage International Coverage for Bank
Jun 15 2017 // American International Group Inc. and Standard Chartered Bank plc announced they have successfully piloted what they say is the first multinational, “smart contract” based insurance policy using blockchain, a...
Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages
Jun 15 2017 // The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism...
AIG Defends Layoff of London Employee Alleging Pregnancy Discrimination
Jun 13 2017 // American International Group Inc. said it was not “unwelcoming to working mothers” as the insurer fought a discrimination lawsuit filed by a former London trader dismissed while on maternity leave. Jennifer...
