Latest AIG Headlines

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

AIG Raises McElroy to General Insurance North America CEO; Levinson to Lexington CEO

Jun 5 2019 // American International Group reported that David McElroy, president and CEO of Lexington, has been promoted to president and CEO of the North America operations of General Insurance. This new appointment is effective...

Only 55% of AIG Shareholders OK $21 Million Compensation for CEO Duperreault

May 22 2019 // American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday.A...

Advisory Firms Urge ‘No’ Vote on AIG Execs’ Pay Packages

May 16 2019 // American International Group Inc. shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor...

AIG Scores P/C Insurance Profit in Q1

May 7 2019 // Insurer American International Group Inc. reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since the financial...

AIG Settles Another Claim Against Cosby, Who Again Blasts Insurer

Apr 18 2019 // Bill Cosby’s insurance company has settled another lawsuit filed by a female accuser a week before the imprisoned comedian was set to give a deposition in the case, prompting Cosby to call the insurer...

People

Apr 15 2019 // American International Group has named Carla Ferrara as head of communications for AIG’s Investments organization. Ferrara will be based in New York and report to Elaine Rocha, chief operating officer of AIG...

AIG Offers to Settle 7 Defamation Claims Against Cosby; Comedian Asserts Innocence

Apr 8 2019 // American International Group, acting under a homeowner’s insurance policy it issued for comedian Bill Cosby, has settled defamation claims filed by seven women against the entertainer.Terms of the settlements were...

QBE’s Zortman Joins AIG to Lead Private Client Group

Apr 5 2019 // American International Group said Kathleen Zortman will join the company as president and chief executive officer of Private Client Group, General Insurance.In this new role, Zortman will lead AIG’s global high net...

AIG CEO Duperreault Was Paid $20.9 Million in 2018, Half of 2017 Compensation

Apr 3 2019 // Insurer American International Group Inc. said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder...

AIG Names Baich, Formerly with Wells Fargo and NSA, as Information Security Officer

Apr 1 2019 // American International Group announced that Rich Baich will join the company as senior vice president, chief information security officer, effective April 22.In this role, Baich will lead the firm’s global...

AIG Exits Individual Personal Lines Business in Canada

Mar 29 2019 // American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners.“We continually review our operations to...

People

Mar 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has been...

Marsh Names AIG’s Bauer as Sharing Economy, Mobility Practice Leader

Mar 4 2019 // Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in the new economy,...

AIG Sells Entire Stake in China’s PICC Group at a Discount

Feb 28 2019 // American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago.Since that time — early December...

AIG Reports Q4 Loss on Catastrophes, Lower Investment Returns

Feb 13 2019 // American International Group Inc. on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market.Excluding realized investment gains and...

AIG Names Ferrara to Head Investments Communications

Feb 12 2019 // American International Group has named Carla Ferrara as head of communications for AIG’s Investments organization.Ferrara will be based in New York and report to Elaine Rocha, chief operating officer, AIG...

Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO

Feb 6 2019 // Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer.Sankaran, who will join Oscar on March 1, was named chief financial officer at AIG...

Big deals

Feb 4 2019 // Marsh/JLT, Brown & Brown/Hays Topped 2018 P/C Agency MergersA handful of big deals dominated the very busy property/casualty insurance agency and broker merger news cycle for 2018. Based on Insurance Journal reporting,...

AIG’s Strong Joins Tokio Marine as Business Innovation Officer

Jan 23 2019 // Specialty insurer Tokio Marine HCC announced that Shilpa Strong has joined the company as Business Innovation Officer to pursue continued investment in operational efficiencies, customer experience and digital...

Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General

Jan 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the...