Latest AIG Headlines

All the headlines from our AIG Topic Page, ordered by recency.

People Moves: Schaper Is Now Permanent AIG CRO; NFP Appoints Boester Head of Sports and Entertainment Group; Galvin and Fujikawa Join Alliant’s Employee Benefits

Nov 13 2024 // American International Group said Christopher Schaper has been appointed chief risk officer of AIG.Schaper has held the role of chief risk officer on an interim basis since September, while also serving as AIG’s...

AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market

Nov 6 2024 // American International Group CEO Peter Zaffino said he expects the reinsurance market’s attachment points to remain on top of losses generated by the frequency and severity of natural catastrophes.Losses will instead...

AIG General Insurance Underwriting Profit Falls 28% in Q3

Nov 5 2024 // American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to higher catastrophe losses and lower favorable development on prior year reserves.The...

AIG Plans to Consolidate Atlanta Ops Into Innovation Hub

Oct 23 2024 // American International Group, better known as the global insurance enterprise AIG, said it will consolidate its Atlanta-area operations into a huge new innovation hub in Brookhaven, on the north side of the city. The...

Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants

Oct 15 2024 // QBE International Markets will launch a new U.S. inland marine offering by 2025 across all 50 states as it expands its specialty product suite.The team and product will be added to QBE International Market’s growing...

People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotions in Financial Services Group; Thomas-Ferrand to Lead Marsh Captive Business

Oct 11 2024 // Zurich N.A. Hires AIG’s Hattauer to Head Financial LinesZurich North America hired Nora Hattauer as head of financial lines for Zurich’s U.S. national accounts and middle market businesses. Hattauer officially...

People Moves: Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway; Markel Taps AIG’s Eastwood as Sr. Cyber U/W

Oct 10 2024 // This edition of International People Moves details appointments at the insurance broker Miller and the insurer Markel.A summary of these new hires follows here. Miller Promotes Nagle to Head of Miller Europe, Succeeding...

Hub Acquires Missouri’s AIG Agency

Oct 8 2024 // Hub International Limited (Hub) announced that it has acquired the assets of AIG Agency Inc. (d/b/a Associated Insurance Group). Terms of the transaction were not disclosed. Located in Maryland Heights, Missouri,...

People Moves: Coalition Appoints AIG’s Simonsen as European Head of Insurance

Oct 7 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of Insurance for Continental Europe. As an experienced cyber underwriter and...

Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed

Oct 2 2024 // The legal squabble between American International Group (AIG) and a startup-up formed by some former employees continued this week with another filing from Dellwood Insurance Group in support of its motion to dismiss...

People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership

Sep 20 2024 // AIG Appoints Walsh Executive Vice President, Chief Financial OfficerAmerican International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial officer,...

In Latest Salvo AIG Says its Former Execs at Dellwood Are ‘Bad Leavers’

Sep 12 2024 // In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new competitor failed to explain why the suit cannot go on.AIG argued in a brief filed yesterday...

AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2%

Aug 1 2024 // The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG).The deconsolidation and divestitures from last...

People Moves: Liberty Mutual Re Taps Aon’s De La Mare to Lead New Australia/New Zealand Unit; H.W. Kaufman London Names AIG’s Greensmith to Lead Int’l Portfolio

Jul 18 2024 // This edition of International People Moves details appointments at Liberty Mutual Re and H.W. Kaufman Group London.A summary of these new hires follows here. Liberty Mutual Re Taps Aon’s De La Mare to Lead...

People Moves: AIG Names Twiningdavis EVP, Chief Administrative Officer; Lopez joins CFC USA as Senior Executive Underwriter

Jul 16 2024 // AIG Names Twiningdavis Executive Vice President, Chief Administrative OfficerAmerican International Group, Inc. (AIG), named Melissa Twiningdavis executive vice president and chief administrative officer, effective...

AIG Files Amended Suit Against Former Execs, Dellwood Insurance

Jul 16 2024 // American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started earlier this year by a group of former AIG executives.The lawsuit filed July 10 in...

Dellwood Insurance Files to Dismiss ‘Insufficient’ Case Brought by AIG

Jun 27 2024 // Dellwood Insurance Group has filed to dismiss a lawsuit against it by American International Group, who is using the court system “as a cudgel to crush a fledgling startup,” the new surplus insurer...

Zurich to Buy AIG’s Travel Insurance Business for $600 Million

Jun 26 2024 // Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million.The deal, according to Zurich, may include an additional payment if specific...

US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

Jun 13 2024 // An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021.In 2023, growth remained...

AIG a ‘Different Company’ Poised to Grow in E&S and More: CEO Zaffino

Jun 3 2024 // AIG is “a different company” today than it was when CEO Peter Zaffino joined the company in 2017, but like the old AIG, the new one is poised to grow again, he said.The former executive of Marsh, who recalled...