Latest AIG Headlines

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

AIG UK Sells Its 1st Sharia-Compliant M&A Policy in London

Oct 19 2017 // AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London’s M&A insurance market, as the city looks to Islamic finance to help bring new...

AIG to Sell Medical Stop-Loss Operations to Tokio Marine HCC

Oct 4 2017 // Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group (AIG).Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But the operations in...

Driver Concerns Over the Future of Autonomous Vehicles: AIG Study

Oct 3 2017 // Safety of the vehicles, including the risk of hacking, are key concerns when it comes to autonomous vehicles, according to a study by American International Group, Inc. on the whether or not Americans accept or reject...

U.S. Regulator Lifts Systemic Risk Tag on Slimmed-Down AIG

Oct 2 2017 // American International Group Inc. is no longer too big to fail.That was the ruling Friday from the Financial Stability Oversight Council, which said AIG, whose collapse in 2008 reverberated throughout the U.S. economy, was...

Robo Adviser Helps Drive Record Boost in AIG Investment Business

Sep 27 2017 // American International Group Inc., the 98-year-old insurer and retirement planner, is finding being tech-savvy pays off.Consumers are pumping cash into a unit that oversees $244 billion in client assets after it invested...

AIG Restructures Again; Commercial Lines CEO Schimek to Leave

Sep 25 2017 // American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today.The...

Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers

Sep 25 2017 // A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems “systemically important.”The Financial...

Judge Allows Ex-AIG Leader Greenberg’s Defamation Claim Against Ex-AG Spitzer

Sep 14 2017 // Maurice “Hank” Greenberg, former chief executive of American International Group Inc., may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state...

AIG Names Nardello’s Fato as General Counsel, Succeeding Solmssen

Sep 6 2017 // American International Group announced that Lucy Fato will join the company as executive vice president and general counsel. Fato will oversee the Global Legal, Compliance, Regulatory and Government Affairs function, and...

New York Bus Firms Seek Damages Over Handling of Workers’ Comp Claim

Sep 4 2017 // New York Bus Operators Compensation Trust (NYBOCT), a Bay Shore, N.Y.-based group self-insured trust created by a number of New York passenger bus companies, has filed a complaint against Arthur J. Gallagher & Co.,...

AIG Revives Lucrative Top Executive Pay Packages of Pre-Bailout Glory Days

Aug 29 2017 // American International Group Inc.’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins.One thing he has already...

AIG Wants to Sell $2 Billion in Life Settlements Business

Aug 16 2017 // American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said.AIG, the largest commercial insurer...

AIG Appoints Williamson as Global Head of Employee Communications

Aug 14 2017 // American International Group Inc. has appointed Anita Williamson as global head of employee communications, effective today.In this role, Williamson will develop and execute global programs to strengthen employee...

Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG

Aug 9 2017 // Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American...

Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2

Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...

AIG Discloses It Could Face Claims from London’s Grenfell Tower Fire

Aug 4 2017 // American International Group Inc., the provider of commercial insurance, told regulators it could face claims costs from the Grenfell Tower fire that killed dozens of people in June in London.“Our net exposure to...

AIG Joins Other Insurers in Moving Away from Financial Forecasts

Aug 4 2017 // Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned by goals that proved...

AIG’s Q2 Results Feature Expense Savings, Consumer Business

Aug 3 2017 // Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc.After-tax operating income was $1.4 billion for the second quarter 2017...

Senators Question If Trump Adviser, AIG Investor Icahn Plays Role in ‘Too Big to Fail’

Jul 28 2017 // Two prominent U.S. Democratic senators are raising questions about President Donald Trump’s special adviser, Carl Icahn, asking in a letter on Thursday if the activist investor is attempting to persuade the...

BHSI Taps AIG’s Maxwell, Chubb’s Dilley for Exec. & Professional Lines in S. Europe

Jul 26 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced the appointments of Vanessa Maxwell as head of Professional Indemnity & Cyber Insurance and Tom Dilley as head of Financial Institutions in Southern...