All AIG articles – Page 2
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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 served ...
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NewsUnited States Olympic and Paralympic Committee (USOPC) suing insurers for holding up Nassar settlement talks
The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal. The USOPC is suing 11 insurers, including units of Chubb Ltd and ...
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People & OpinionAIG Appoints James Nash President and Chief Executive Officer of Japan
AIG today announced that James Nash has been appointed President and Chief Executive Officer, AIG Japan Holdings KK. Mr. Nash will report to Jon Hancock, Chief Executive Officer of International General Insurance and will be based in Tokyo. He is expected to join the company by early 2021.
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NewsJackson/Athene reinsurance deal weighs heavily on US life industry net premiums
Economic and operational challenges from COVID-19 did not represent the lone extraordinary item encountered by the U.S. life insurance industry in the second quarter. Statutory results for the period will also reflect the significant effects of a reinsurance agreement between Jackson National Life Insurance Co. and Athene Holding Ltd.’s Athene ...
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People & OpinionAIG hires Gero Michel to head up risk analytics
AIG has appointed Gero Michel to a new role that will see him heading up risk analytics across the reinsurance related brands of Validus, Talbot and the ILS specialist unit AlphaCat. Michel took on the role of Head of Risk Analytics, AIG Re in February of this year, joining the ...
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