All AIG articles
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NewsAIG Re CEO Schaper to be global CUO after Validus Re sale completes
Schaper will be appointed AIG’s global CUO on completion of the sale of Validus Re to RenRe.
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NewsAIG appoints Purtill new CFO
Interim CFO Sabra Purtill steps up to become the insurer’s new chief financial officer on a permanent basis.
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NewsRenRe to buy Validus from AIG for nearly $3bn
AIG is to divest its Bermudian reinsurer Validus, but will retain its Talbot Underwriting and Western World businesses, which were bought in the same deal in 2018.
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NewsPremiums up 12% last year – Gallagher Re
AIG reported the biggest improvement to underwriting profit in 2022’s fourth quarter, while Hannover Re dipped to an unprofitable combined ratio – the only reinsurer to do so.
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NewsJohan Slabbert appointed CEO of MSIG Holdings (US)
Veteran underwriter Andrew Carrier will take on Slabbert’s current role of MS Amlin chief executive
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NewsCanopius names Tracey Corrigan group head of change
She joins from QBE and will be based in London, reporting to Group COO Kate Roy
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NewsMarsh McLennan’s Dan Glaser to step down
Marsh McLennan announces John Doyle will succeed Glaser as president and CEO when he retires at year end
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NewsMarsh launches green and blue hydrogen insurance facility
Led by AIG and Liberty Specialty Markets, the facility offers up to $300m per risk including cover for property damage and BI
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NewsAIG welcomes back Fry as EVP, reinsurance buying
Charlie Fry rejoins from Acacia Holdings and assumes responsibility for AIG’s reinsurance purchasing strategy
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NewsAIG looks to pull back from Russia and Ukraine
The insurance giant is understood to be considering adding exclusion clauses to policies for firms operating in the region
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NewsAIG names Tom Bolt chief risk officer
Bolt replaces Sabra Purtill and was most recently chief underwriting officer, General Insurance
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NewsBloomberg: AIG, underwriters lean on reinsurance with prices poised to jump
AIG and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming.
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NewsAIG profit beats Wall St estimates on general insurance boost
AIG exceeded market estimates for quarterly profit on Thursday as its general insurance business faced fewer natural catastrophe and COVID-19 pandemic-related claims.
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NewsAIG tightens cyber insurance limits as premiums climb
AIG is tightening the terms of its cyber insurance after its premium prices for this line of business were up by nearly 40% globally in quarter two of 2021.
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NewsAIG Reports Q$ and Full Year 2020 Results
Brian Duperreault, AIG’s Chief Executive Officer, said: “AIG’s fourth quarter and full year 2020 operating results demonstrate the continued progress we are making to position AIG for long-term, sustainable and profitable growth.
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NewsInsurer AIG pays $12 million fine in NY pension transfer probe
The settlement is the second in a probe by the New York State Department of Financial Services (NYDFS) into an industry in which life insurers take over corporate pension plans.
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NewsAIG shares soar on plans to carve out general insurance from life
AIG’s executive management and Board believe a simplified corporate structure will unlock significant value for shareholders and other stakeholders.
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NewsAIG announces leadership changes
The AIG Board of Directors has named Peter S. Zaffino Chief Executive Officer of AIG, effective March 1, 2021, in addition to his current role as President of the company. Mr. Zaffino has also been appointed to serve as a Director, effective immediately.
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NewsAIG announced Q3 GI catastrophe losses, including COVID-19 catastrophe-related losses
AIG today announced its General Insurance catastrophe losses, including COVID-19 catastrophe-related losses, for the quarter ended September 30, 2020, as well as results of the Life Retirement and Legacy annual actuarial assumption update.
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People & OpinionAIG names Ronald Reeves Chief Diversity Officer
AIG today announced it has appointed Ronald Reeves as Chief Diversity Officer, effective immediately. This newly redefined and focused leadership role reflects AIG’s commitment to creating an inclusive workplace focused on attracting, retaining and developing diverse talent and fostering a culture of belonging for all employees. Mr. Reeves previously ...