Latest AIG Headlines

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

AIG CEO Focus on Boosting Returns, Not Too Big to Fail Label

Aug 10 2016 // American International Group Inc. Chief Executive Officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail.“Of...

NSM Forms Joint Venture with Massachussetts-Based ABRY Partners, AIG

Aug 8 2016 // NSM Insurance Group, an insurance program administrator based in Pa., has agreed to enter into a joint venture with Massachussetts-based private equity investment firm, ABRY Partners, and AIG.Through this partnership, NSM...

Lower Costs, Improved Underwriting Boost AIG Profit in Q2

Aug 3 2016 // American International Group Inc., the largest commercial insurer in the United States and Canada, reported an operating profit that beat analysts’ estimate, driven by lower costs and strong underwriting during the...

AIG Offers Brexit Coverage in UK for Anxious Executives

Jul 29 2016 // American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union.AIG division AIG UK will handle the...

Pressure Building on AIG CEO Hancock

Jul 27 2016 // The American International Group Inc. chief executive officer has posted three straight quarterly losses and will probably report Tuesday that profit in the three months ended June 30 fell 32 percent, according to analysts...

AIG’s Jones Named COO at TDC Risk Management

Jul 25 2016 // High net worth personal insurance firm TDC Risk Management (TDC), based in Maumee, Ohio, has hired Greg Jones as chief operating officer. Jones joins the closely held firm in support of its continued strong growth and...

AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures

Jul 20 2016 // AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks.The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage,...

AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall

Jul 12 2016 // Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business...

Insurance Society of Philadelphia to Honor Starr’s Greenberg with Leadership Award

Jul 11 2016 // The Insurance Society of Philadelphia (ISOP) announced that Maurice R. “Hank” Greenberg, chairman and CEO of C.V. Starr & Co. Inc., is the recipient of its 2016 Distinguished Leadership Award.The...

AIG Appoints JPMorgan’s Lewis as Chief Digital Officer

Jul 6 2016 // American International Group hopes an executive who helped bring Apple Pay and a number of mobile banking apps to JPMorgan Chase & Co. can help it generate similar digital customer service advances.Michael Lewis has...

AIG’s Zigerlig Joins Hub Northeast’s Fine Arts Division in New York

Jul 6 2016 // Katja Zigerlig has joined Hub Northeast as senior vice president, Fine Arts and Special Risks Group, responsible for developing business with collectors, museums, dealers and estates. Zigerlig will be based in the New York...

AIG’s Inselberg Joins Starr Companies as Senior VP, Financial Lines

Jun 28 2016 // Brian Inselberg has joined Starr Companies as senior vice president, Financial Lines. He will have overall responsibility for the growth and profitability of the portfolio as well as the leadership of the financial lines...

AIG CEO Hancock Finds Common Ground, Transparency with Activist Directors

Jun 16 2016 // Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock...

AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs

Jun 16 2016 // American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock.“If a...

AIG’s Homand Joins Ironshore as Global Property Chief Underwriter

Jun 8 2016 // Ironshore Inc. has named Shawn Homand as chief underwriting officer of Global Property to oversee underwriting responsibilities and global product growth strategies throughout Ironshore’s property...

Federal Reserve Unveils New Proposed Capital Rules for Large Insurers

Jun 5 2016 // American International Group Inc. and Prudential Financial Inc.’s new capital rules should reflect the insurance business’s differences from Wall Street banking, the Federal Reserve said in a proposal to limit...

Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal

Jun 2 2016 // Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed...

AIG to Appeal Ruling Letting PIMCO Suit Over Financial Crisis Investments Proceed

Jun 2 2016 // American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer’s exposure to credit-default swaps...

AIG to Offer Crowdfunding Investor Protection in UK and Canada

May 25 2016 // American International Group Inc. has launched a new product for the global crowdfunding investment industry. This new insurance product was developed specifically to protect investors on equity crowdfunding platforms...

Beazley Expands Environmental Team in U.S. with XL Catlin, AIG, Ironshore Hires

May 24 2016 // Specialist insurer Beazley has made several senior hires to expand its environmental liability insurance team in the U.S. The Beazley environmental team now has 20 associates across the U.S., with local underwriting and...