Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AXA Agrees to Purchase Laya Healthcare From AIG for €650 Million
Aug 3 2023 // AXA announced it has entered into an agreement to acquire Laya Healthcare Ltd. from Corebridge Financial Inc., a subsidiary of AIG. Laya has a leading position in the Irish health market with approximately a 28% market...
AIG General Insurance Sees Strong Q2 Growth, Margin Improvement
Aug 1 2023 // American International Group saw second quarter growth in net premiums written in its general insurance segment to $7.5 billion, a 10% increase from the same time a year ago. The insurer’s second quarter net income...
People Moves: Schaper Now AIG Global Chief Underwriting Officer; Brough Head of Aspen Marketing, US Distribution; Giannisis is HUB N.A. Property Practice Leader
Jul 27 2023 // American International Group said Christopher Schaper, currently CEO of AIG Re, has been named global chief underwriting officer of AIG, effective as of the closing of the previously announced sale of Validus Re to...
AIG, AXA Weighing Sales of UK Businesses: Sources
Jul 20 2023 // Two of the world’s largest insurers are weighing the sale of businesses in the United Kingdom, according to people familiar with the matter. American International Group Inc. is working with advisers to explore a...
People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire
Jul 11 2023 // This edition of International People Moves details appointments at Allianz Commercial, Banyan Risk and Miller. A summary of these new hires follows here. Allianz Commercial Taps AIG’s Sandric as Leader Asia...
People Moves: AIG’s Jainchill Joins Lockton as U.S. Cyber & Technology Product Leader
Jul 6 2023 // Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where...
Purtill Named Permanent CFO of AIG
Jun 20 2023 // Sabra Purtill has been named permanent chief financial officer of American International Group (AIG), the company said. Purtill was called on in late January to fill the role of interim CFO after the firing of former...
People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative
Jun 15 2023 // This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new hires follows here. Howden Hires 3 for Casualty Team in London, Bermuda Howden, the...
AIG to Sell Validus Re to RenRe in $3B Deal
May 23 2023 // American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during the fourth quarter,...
People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O; Ryan Joins Sompo as CUO
May 22 2023 // John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will lead the development and execution of Ascot’s large public D&O strategy, with a focus on...
AIG Records Strongest Q1 Underwriting Results in General Insurance
May 5 2023 // American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest first quarter underwriting results AIG has achieved,” said...
American Financial Group to Acquire Crop Risk Services From AIG for $240M
May 3 2023 // American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG...
AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business
Apr 27 2023 // American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance Services. PCS will be an independent managing general agent serving...
Lukoil Buys Into AIG’s Former Russian Subsidiary
Apr 20 2023 // Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s biggest commercial insurers, GARDIA said earlier this week. (Editor’s...
People Moves: AIG Asia Pacific Appoints BHSI’s Colahan as Regional President; Gallagher Re Hires McMillan From Siemens as Renewable Energy Practice Leader
Apr 13 2023 // This edition of International People Moves details appointments at AIG Asia Pacific and Gallagher Re. A summary of these new hires follows here. AIG Appoints BHSI’s Colahan as Regional President, AIG Asia...
Former AIG CEO Duperreault Joins Board of InsurTech Joyn
Mar 22 2023 // InsurTech Joyn Insurance announced the addition of industry veteran Brian Duperreault to its board as an independent director. Duperreault previously served as executive chairman for AIG’s Board of Directors and as...
People Moves: Aon Names Mgoqi as CEO for South Africa; Tokio Marine Kiln Appoints AIG’s Green to Head Aviation War Risks
Mar 6 2023 // This edition of International People Moves details appointments at Aon and Tokio Marine Kiln. A summary of these new hires follows here. Aon Names Mgoqi as CEO for South Africa Aon plc, a leading global professional...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27%
Feb 16 2023 // Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion the year prior, but the insurer’s general insurance business ended the year...
AIG, Stone Point Capital to Form Independent MGA for High Net Worth Business
Feb 14 2023 // Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of understanding with Stone...
AIG Fires Interim CFO Lyons
Jan 31 2023 // AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he “violated his confidentiality/non-disclosure obligations,” the company said. Lyons was just appointed interim CFO earlier this...
