Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Study Shows How, Why M&A Insurance Claims Frequency Is Rising
Apr 24 2017 // The frequency of insurance claims surrounding mergers and acquisitions (M&As) is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American...
Hamilton’s Duperreault Among Candidates Being Considered as AIG CEO
Apr 20 2017 // American International Group Inc. is weighing a plan to hire Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations. Other...
Billionaire Investor John Paulson Planning AIG Board Exit
Apr 17 2017 // Billionaire John Paulson is planning to step down from American International Group Inc.’s board after his hedge fund sold shares in the insurer, according to a person familiar with the plan. The move is expected to...
AIG Board Refuses CEO Hancock’s 2016 Cash Bonus after Poor Earnings
Apr 17 2017 // American International Group Inc.’s board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company’s dismal financial performance roiled...
Board Member Paulson’s Disclosure of His Fund’s AIG Stock Sale Questioned
Apr 12 2017 // When a board member of a publicly traded U.S. company sells even a small personal holding, the director typically has just two business days to disclose the transaction, under securities rules to promote transparency. But...
Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration
Apr 10 2017 // Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry Risk Index identified failure of...
AIG Chairman Says Board Agrees with Outgoing CEO Hancock’s Turnaround Plan
Apr 4 2017 // American International Group Inc.’s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. Chairman Doug...
UBS Analysis: Poor Morale Could Hurt AIG Turnaround, Hiring
Apr 4 2017 // A morale crisis at American International Group Inc. could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on...
AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients
Apr 3 2017 // American International Group Inc., the biggest seller of cyber insurance to businesses, is bringing cyber insurance and risk mitigation services adapted from its CyberEdge commercial insurance product to its high net worth...
April 1st Wrap-Up: Trump Forms Insurer; Epstein to AIG; Minute-by-Minute Insurance
Apr 1 2017 // Here is latest insurance industry real fake news on this April 1st: Trump, Cabinet to Launch MAGA Health Insurance Company President Donald J. Trump announced today that he, his family and his Cabinet of billionaires are...
AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology
Mar 30 2017 // AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial motor industry, to provide an enhanced claims service to motor fleet customers by harnessing...
AIG Executives Hope Meetings Reassure Analysts, Investors
Mar 26 2017 // American International Group Inc. executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer...
AIG Seeks Best Drivers in Singapore with New Smartphone App
Mar 23 2017 // AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched a nationwide search to find Singapore’s best drivers with “AIG On the Go,” a telematics-based smartphone application. “AIG On the...
Departing AIG CEO Gets No Bonus But Will Get $5 Million to Stay Until Successor Arrives
Mar 21 2017 // Peter Hancock is getting $5 million in cash to stay on as American International Group’s chief executive officer while the board searches for his replacement. But the insurer’s departing president and CEO will...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
AIG Directors Asked CEO Hancock to Resign to Avoid Fight with Icahn: WSJ
Mar 15 2017 // American International Group Inc.’s decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, citing people...
How AIG CEO Hancock Ended Up on Way Out
Mar 10 2017 // Before he lost the confidence of big-name investors and his company’s board members, Peter Hancock squandered the faith of many of his staff. It was November 2015, after a disappointing quarter for American...
AIG CEO Hancock to Depart Under Pressure from Icahn, Other Investors
Mar 9 2017 // American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters, results that hurt investors including activists Carl Icahn and John Paulson. Hancock, 58,...
AIG Plans to Launch Luxembourg-Based Insurer in 2019 in Preparation for Brexit
Mar 8 2017 // American International Group Inc. plans to locate an insurance company in Luxembourg to ensure continued smooth operation of its business across the European Economic Area (EEA) and Switzerland once the United Kingdom...
Fasano Out, Gallo In as AIG’s Chief Information Officer
Mar 7 2017 // American International Group has named Martha Gallo, its chief auditor, as its new chief information officer. Gallo succeeds Philip Fasano, a former Kaiser Permanente executive who was named CIO in 2014 and has now left...
