Latest AIG Headlines

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

Liberty Specialty Markets Taps Brodu from AIG as Head of Financial Lines, France

Aug 29 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the appointment of Antoine Brodu as head of Financial Lines, France, with immediate effect.Brodu joins LSM from AIG France, where he spent...

Former AIG, Aon Exec Teegarden Joins Lockton in Atlanta

Aug 26 2019 // Lockton has added Andrew Teegarden as senior vice president, client executive. In this role, he will work with Neil Metzheiser, executive vice president, and Lockton’s service teams to further enhance Lockton’s...

AIG Names Munich Re’s Olsen as General Insurance Unit’s Chief Actuary

Aug 16 2019 // American International Group announced that Richard Olsen will join the company as chief actuary, General Insurance, effective immediately. Olsen will lead the General Insurance global actuarial organization, with...

AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Plans Operational Overhaul

Aug 13 2019 // AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer’s ongoing efforts to shed excessively risky business.He also announced that AIG...

AIG’s P/C Business Delivers on CEO’s Underwriting Promise

Aug 8 2019 // American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer’s General Insurance unit will produce an underwriting profit for all of 2019, after a decade of losses. His promise...

AIG Creates Sustainability Post; Names Waldner as Chief Officer

Jul 24 2019 // American International Group said it has created a position of chief sustainability officer to lead the development and implementation of a company-wide sustainability strategy and appointed Jennifer Waldner to fill the...

AIG Names Ling Chief Human Resources Officer

Jul 22 2019 // American International Group has named Karen L. Ling as executive vice president, chief human resources officer. Ling will lead AIG’s global human resources department and be responsible for aligning AIG’s...

AIG Names Accenture’s Parker as Information Security Deputy Chief

Jul 15 2019 // American International Group reported that Tom Parker is joining the company as deputy chief Information Security officer. Parker will work with Rich Baich, AIG’s chief Information Security officer, on global...

Brit Global Adds AIG, NAS Cyber Specialists to U.S. Cyber & Technology Practice

Jul 8 2019 // James Patterson and Ryan Mimmo have been appointed vice presidents of Cyber & Technology for Brit Global Specialty USA. They are based in San Francisco and New York, respectively, and are responsible for underwriting...

Berkley Taps AIG’s Fenster to Lead New Berkley Prime Transportation Division

Jul 1 2019 // W.R. Berkley Corp. has formed Berkley Prime Transportation, which will focus on providing primary commercial transportation insurance products countrywide for standard and preferred risks. The new division will focus on...

People

Jul 1 2019 // American International Group said Kathleen Zortman will join the company as president and CEO of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net worth portfolio,...

TATA Group’s Fitzsimons Joins AIG as Shared Services Global Chief

Jun 28 2019 // American International Group announced that Shane Fitzsimons is joining the company as global head of Shared Services. This is a newly created role at AIG that establishes a single point of accountability for key...

CNA’s Mizzi Joins AIG’s Blackboard Insurance as Head of Underwriting

Jun 27 2019 // Blackboard Insurance, an American International Group company, announced that John Mizzi will join the team as head of Growth and Underwriting. Mizzi will lead the underwriting team as Blackboard expands its use of data,...

Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling

Jun 26 2019 // A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle to obtain $100 million dating back to the financial crisis, after he said that the insurance...

2 Ex-AIG Employees Win $10M in France, Ahead of Separate $100M Bonus Case in UK

Jun 21 2019 // Two former American International Group Inc. employees won awards totaling about $10 million after French judges chastised the insurance giant for trying to block the payment of bonuses they’d already earned to cover...

AIG’s Klepper Joins AXA XL as Chief Underwriter for Short Tail Insurance Lines

Jun 20 2019 // AXA XL, the property/casualty and specialty risk division of AXA, has named Robert Klepper as chief underwriting officer for Short Tail Insurance Lines. In his new role, Klepper will be responsible for developing...

AIG Consolidates Reinsurance into New AIG Re; Taps Marsh’s Schaper as CEO

Jun 19 2019 // American International Group announced the formation of AIG Re, which consolidates the company’s assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, into one global business.AIG...

Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business

Jun 19 2019 // Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday.The 330-year-old insurance market, which...

‘I Have to Earn My Living,’ Says AIG CEO After Close Shareholder Vote on His Pay

Jun 7 2019 // American International Group Inc. Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow...

AIG Makes Changes at Top of Global P/C Underwriting, Validus

Jun 6 2019 // American International Group announced leadership appointments in its Global Chief Underwriting Office, adding underwriters with expertise in global property and casualty underwriting. These appointments are effective...