All the headlines from our AIG Topic Page, ordered by recency.
May 24 2016 // Insurers have had about enough of hedge funds.Stung by market-trailing returns, the insurance industry in the U.S. is reversing course after more than doubling its hedge fund allocation over five years, to $17.7 billion as...
May 17 2016 // Activist investor Carl Icahn has raised his stake in American International Group Inc. by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent companies.Icahn now owns 44.4...
May 13 2016 // Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings.Geographic and...
May 12 2016 // American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life insurance and property/casualty coverage, Chairman Doug Steenland...
May 3 2016 // American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter.“As of today, we have...
May 3 2016 // American International Group Inc., the insurer that’s shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the value of other...
May 3 2016 // A former AIG executive is joining QBE to become CEO of its North American operations.Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation starting on May 31, and be based in...
May 2 2016 // American International Group is offering for sale about $1.2 billion worth of shares in China’s PICC Property and Casualty Co. Ltd. (PICC P&C) in a block deal, IFR said on Saturday, citing a term sheet of the...
Apr 27 2016 // Kingstone Companies Inc., a multi-line regional property/casualty insurance holding company based in New York, announced that David Delaney has joined the senior management team at its subsidiary Kingstone Insurance...
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
Apr 25 2016 // Specialty insurance firm Ryan Specialty Group (RSG) has formed a specialty marine underwriting business and tapped two executives who were formerly with American International Group (AIG) to lead it.The newly-formed...
Apr 18 2016 // EPIC Insurance Brokers & Consultants (EPIC), a retail property, casualty insurance brokerage and employee benefits consultant, announced that Stephen McKenzie has joined the firm’s Employee Benefits Consulting...
Apr 18 2016 // Susan L. Donegan, who has been serving as commissioner of the Vermont Department of Financial Regulation (DFR) for past three years, will step down from her position on June 30.Donegan has met with Vermont Gov. Peter...
Apr 13 2016 // Robert Benmosche, the former American International Group Inc. chief executive officer who repaid a U.S. bailout, left behind criticism for Wall Street after his death.“The commissions being charged on the auctions...
Apr 12 2016 // QBE North America reported that Shruti Patel has joined the organization as chief human resources officer. Patel replaces Hy Pomerance, who was recently appointed chief human resources officer, Emerging Markets, an...
Apr 7 2016 // American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations, according...
Apr 7 2016 // News that activist investor Carl Icahn has his eye on a company must make any chief executive officer feel a bit like a water buffalo that has suddenly realized it is being tracked by a hungry lion. So it’s worth...
Apr 5 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has hired David Valzania as customer and broker engagement leader for the eastern U.S. region. He is based in BHSI’s office in Boston. Valzania comes to BHSI with nearly...
Mar 31 2016 // A judge’s ruling that MetLife Inc. is not “too big to fail” opens up an opportunity for insurer American International Group Inc. to seek an exemption from the tag, AIG Chief Executive Peter Hancock said...
Mar 31 2016 // After regulators slapped the too-big-to-fail label on MetLife Inc., Chief Executive Officer Steve Kandarian had several responses. One was to challenge government watchdogs in court — a move shunned by other insurers...