Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Analyst Says Investors Support Icahn on AIG Revamp
Jan 13 2016 // Most American International Group Inc. investors believe that billionaire activist Carl Icahn is right that the insurer needs a new strategy, according to a Sanford C. Bernstein & Co. analyst who polled...
Insurance Execs’ Midlife Crisis Cure: Four AIG, ACE Veterans Join Startup P2P Insurer Lemonade
Jan 12 2016 // An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE Insurance to round out its...
Zurich Global Corporate North America Names AIG’s Pickens as Chief Underwriter
Jan 7 2016 // Don Pickens is the new chief underwriting officer for Zurich’s Global Corporate in North America (GCiNA). The position was previously held by Patrick Daley, who will assume a new role as head of Property for the East...
AIG CEO Hancock Plans Public Webcast on His Vision, ‘Proactive Plan’ for Insurer
Jan 7 2016 // American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn’s push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer Peter Hancock’s...
AIG Bets on Workplace Safety Wearables with Investment in Startup HCS
Jan 6 2016 // Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more...
QBE North America Names AIG’s Davide as Senior VP for Risk Management
Jan 5 2016 // QBE North America said announced that Joseph Davide has joined the organization as senior vice president, Risk Management, QBE’s large risk business in North America. This business is part of QBE’s Standard...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
The Top Insurance News Stories of the Year 2015
Dec 21 2015 // The year 2015 was a year during which the property/casualty insurance industry got a glimpse at its future in the form of disruptive forces, new competitors, new leaders and emerging risks. Also, some of the news revived...
AIG Plans $3 Billion Stock Buyback
Dec 17 2015 // American International Group Inc., the insurer pressured by activist investor Carl Icahn to boost returns, announced a plan to repurchase another $3 billion of shares. The move lifts to $4.3 billion the amount that the...
Will AIG Management Shakeup Improve Results?
Dec 14 2015 // American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, said last week that Chief Financial Officer David Herzog is among top managers leaving the company as Chief...
Allianz Global Names AIG’s Williams Environmental Liability Manager for North America
Dec 11 2015 // Allianz Global Corporate & Specialty (AGCS) reported that Thomas Williams has been named regional practice leader, Environmental Impairment Liability (EIL), for North America. Based in Atlanta, he will report to Dieter...
AIG CEO Hancock Shakes Up Executive Team; Herzog, Doyle Out
Dec 10 2015 // American International Group Inc. today unveiled a new executive leadership team reporting to CEO Peter Hancock, which Hancock says will ensure “strong end-to-end accountability within the customer segments”...
AIG Reportedly to Raise About $750M From Sale of Shares in China’s PICC P&C
Dec 7 2015 // American International Group is seeking to raise about $750 million by selling part of its stake in China’s state-run PICC Property and Casualty Co. Ltd., according to a term sheet of the deal seen by IFR on...
Analyst Sees AIG CEO Hancock Surviving Icahn Ouster Bid
Dec 2 2015 // Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter Hancock, Credit Suisse Group...
Transatlantic Re Winds Down Asbestos Contracts with AIG, Berkshire Hathaway
Dec 2 2015 // Weston Hicks’s Alleghany Corp. will pay $400 million to wind down reinsurance deals with American International Group Inc. and Warren Buffett’s Berkshire Hathaway Inc. for policies that date back...
Federal Reserve Votes to Retire AIG Bailout Tool
Nov 30 2015 // The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG, Citigroup and others in...
AIG Reported Considering Sale of Blocks of Business to Narrow Focus
Nov 29 2015 // American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is considering the sale of blocks of life policies, according to people familiar with the company’s...
Activist Investor Icahn Ups Pressure on AIG CEO Hancock
Nov 24 2015 // Billionaire investor Carl Icahn said he may seek to shake up leadership at American International Group Inc. after Chief Executive Officer Peter Hancock rebuffed his plan to split the insurer into three companies. Icahn...
Fifth Largest AIG Shareholder, Icahn, May Propose New AIG Director
Nov 23 2015 // Activist investor Carl Icahn said he may propose adding a new director to American International Group’s board, since AIG Chief Executive Peter Hancock was unlikely to “sincerely consider” his suggestion...
If AIG Is Selling, Greenberg Is Listening, Says Lawyer
Nov 20 2015 // Maurice “Hank” Greenberg, who spent four decades at American International Group Inc., would consider investing in the insurer he helped build into the world’s largest before the financial crisis, his...
