Latest AIG Headlines

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

People Moves: Gambale Joins AGCS From AIG; AXA XL Appoints 2 to Group Captives Unit

Sep 19 2022 // AGCS Strengthens North American Distribution Team with Strategic New Hire and ReorganizationAllianz Global Corporate & Specialty (AGCS) has named John Gambale as regional head of distribution NA, large corporate,...

Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino

Sep 13 2022 // Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting, AIG’s chief executive officer gave his take on the dominance of wholesalers in the specialty insurance...

Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage

Aug 17 2022 // Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha against climate...

AIG Exceeds Profit Estimates on Strong Underwriting Gains

Aug 9 2022 // Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns.Net premiums written in the company’s...

Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino

May 5 2022 // AIG CEO Peter Zaffino during the company’s most recent earnings call provided analysts with some insight regarding insurance implications from Russia’s invasion of Ukraine.“We have not seen a situation...

AIG Q1 Net Income Up as Underwriting Profit Soars

May 3 2022 // First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021 first quarter.Underwriting income in AIG’s General Insurance unit was $446 million...

People Moves: AIG Promotes Bolt; RIMS Honors Griffith; Tokio Marine HCC Hires Ingerslev for Cyber; Frenier to Lead CAC Specialty Prof, Cyber Business Development

Apr 14 2022 // AIG Appoints Tom Bolt EVP and Chief Risk OfficerAmerican International Group (AIG) said Tom Bolt was named Executive Vice President and Chief Risk Officer, effective immediately. He replaces Sabra Purtill, who was named...

AIG Looks at Cutting Insurance for Russia, Ukraine

Apr 8 2022 // AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, an insurance...

People Moves: Marsh Promotes Vanyo; AIG’s Fayto Joins Lockton Cyber; Hersch Leads Deloitte Insurance Unit

Apr 6 2022 // Vanyo Named General Counsel of MarshMarsh McLennan announced the appointment of Mikhail “Misha” Vanyo as general counsel of Marsh. Based in New York, Vanyo will lead all legal and compliance strategy for Marsh...

AIG’s Life and Retirement Unit Files for IPO

Mar 29 2022 // The holding company of U.S. insurer American International Group Inc.’s life and retirement business, SAFG Retirement Services Inc., filed for an initial public offering in the United States on Monday.In the filing,...

AIG to Move High Net Worth Homeowners to E&S

Mar 7 2022 // Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move its high net worth...

5 Ways to Attract Talent the Insurance Industry Needs

Mar 7 2022 // When I joined AIG — and the insurance world — in 2020 as global head of talent, the industry had already acknowledged that new and more diverse talent were necessary for its continued success. The challenge...

Report: Nearly a Third of U.S. Hazardous Chemicals Facilities Exposed to Climate Change Dangers

Mar 3 2022 // A report from the Intergovernmental Panel on Climate Change stating that climate change is leading to increasingly irreversible impacts, with a narrowing window to adapt to it, is garnering a lot of reaction.The IPCC...

AIG: Net-Zero Greenhouse Gas Emissions in Underwriting, Investments by 2050

Mar 1 2022 // American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050.“AIG is focused on the realities of climate change,” said Peter...

AIG to Move High Net Worth Homeowners to E&S

Feb 17 2022 // Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the high-net worth...

AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes

Feb 17 2022 // Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business.After reporting a net loss of $60 million in the fourth quarter...

People Moves: Hamilton Names AIG’s Friston for Financial Lines; WTW Hires Marsh’s Baker for FINEX Banking; Howden Re Taps Berkley Re’s Pike for Treaty Reinsurance

Jan 19 2022 // This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re.A summary of these new hires follows here. Hamilton Appoints AIG’s Friston for Financial Lines...

People Moves: Renaissance Hires Jackson; AIG’s Berlini Moves to Berkshire; NCC Names Darragh as President

Jan 6 2022 // Renaissance Alliance Hires Jackson as SVPRenaissance Alliance, which helps insurance agencies grow, has named Lorenzo Jackson senior vice president and New York sales leader. Jackson recently served as Great Lakes region...

People Moves: Chubb Changes Commercial P/C Leadership; BHSI Promotes Meyer in Life Sciences; AIG Adds Hunter to ESG; J.D. Power Hires Ellingsworth

Dec 20 2021 // Chubb Bolsters Leadership in its North America Commercial P/C BusinessesChubb has changed the leadership in its North America commercial property and casualty businesses with two new appointments, strengthening its primary...

WTW Hires AIG’s Dasan for Construction, Natural Resources; Bogardus Named Chubb’s President for Singapore; AXA XL’s Muzeya Joins Mosaic as Financial Institutions U/W

Dec 8 2021 // This edition of International People Moves details appointments at Willis Towers Watson, Chubb and Mosaic Insurance.A summary of these appointments follows here. WTW Hires AIG’s Dasan for Construction and Natural...