Latest AIG Headlines

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

People Moves: Institutes’ Horowitz; Rizzuto from Travelers to IAT; BHSI Adds AIG’s Freid; Ryan Re Leaders

Mar 17 2021 // Horowitz Promoted at The InstitutesKatherine Horowitz has been promoted to executive vice president and head of Business Units at The Institutes. Horowitz will oversee the growth and strategic direction of multiple...

21-Year AIG Veteran Tatulli Joins Berkshire Hathaway Specialty Executive Lines

Mar 10 2021 // Berkshire Hathaway Specialty Insurance (BHSI) has named Anthony Tatulli as head of Executive & Professional Lines for North America. He will have overall underwriting responsibility for Directors and Officers...

Climate Change Activists ‘Welcome’ AIG CEO Zaffino; EU Urges More Insurance

Mar 4 2021 // Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic.The Atlantic Meridional Overturning Circulation during the 20th century has weakened more than at any other time over the last...

AIG Hikes Rates Up to 45%; Reports Interest in Life/Retirement Unit Sale

Feb 18 2021 // American International Group Inc. said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a trend it sees persisting in 2021, as the company prepares to install Peter Zaffino as its new chief...

AIG Sees ‘Continued Progress’ Despite P/C Underwriting Loss of $171 Million in Q4

Feb 17 2021 // American International Group’s property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after the insurer celebrated the division’s return to...

Zaffino to Succeed Duperreault as CEO of AIG March 1

Feb 16 2021 // American International Group (AIG) has officially named Peter S. Zaffino as chief executive officer, succeeding Brian Duperreault, AIG’s current CEO, who will become executive chairman of the board. Both moves are...

Former NFL Player Suing AIG Over California Burglary

Jan 12 2021 // Former NFL player Antonio Gates and his wife, Sasha Gates, are suing their homeowners insurer, AIG Property Casualty Co., accusing them of delaying coverage and ignoring their claim for insurance policy benefits after a...

Applied Underwriters Continues Major Expansion with D&O Unit Headed by AIG’s McGill

Jan 4 2021 // Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines business unit to provide directors and officers (D&O) coverages in the U.S.The...

Applied Underwriters Hires 3 from AIG to Lead New Fine Art and Collectibles Unit

Dec 28 2020 // Insurer Applied Underwriters has named three executives from AIG’s Private Client Group to develop its new Applied Fine Art and Collectibles business unit that is based in New York.Ronald Fiamma will serve as...

AIG’s Sharpe Named Head of AGCS’ Distribution Unit as Restructure Continues

Dec 10 2020 // Allianz Global Corporate & Specialty (AGCS) has appointed Jeremy Sharpe to lead its Global Distribution unit, taking over this role from Patrick Thiels. Thiels will now lead AGCS’s Mediterranean & Africa...

UK Insurer Aviva Appoints AIG’s Winslow as CEO of International

Dec 7 2020 // Aviva announced the appointment of Adam Winslow as CEO of International. This is a new role at Aviva and Winslow will join the group executive committee, reporting to Amanda Blanc.Winslow will join Aviva in January and...

Chubb’s Keogh Adds Title of President to Chief Operating Officer

Dec 3 2020 // Global insurer Chubb announced that John Keogh, executive vice chairman of Chubb Group and chief operating officer, has been appointed president and chief operating officer, effective immediately.Keogh will continue to...

Distinguished Programs Adds AIG’s Schleich as Midwest Regional Sales Executive

Nov 13 2020 // Distinguished Programs, a national insurance program manager, has added Mike Schleich as regional sales executive covering the North Central Territory. This region includes Indiana, Michigan, Ohio, and Kentucky, as well...

HIIG Adds Public Company D&O Coverage, Picks AIG’s Bujosa to Lead

Nov 12 2020 // Houston International Insurance Group, Ltd., has expanded its management liability coverage offerings to include an excess public D&O (Directors and Officers) product. As part of this expansion, the company hired...

AIG’s Fato Adds Communications to Government Duties; Garbaccio Promoted

Nov 12 2020 // American International Group announced that Lucy Fato, executive vice president and general counsel, has assumed additional responsibilities in the newly created position global head of Communications and Government...

Update: AIG Weighs IPO or 19.9% Stake Sale of Life and Retirement Unit

Nov 6 2020 // Insurer American International Group Inc said on Friday it is considering an initial public offering or a private sale of nearly 20% of its life and retirement business to separate the unit from the rest of the company...

AIG’s Profit Slumps on Q3 Catastrophe Losses

Nov 6 2020 // American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and the COVID-19 pandemic.AIG, one of the largest U.S. insurers, posted an underwriting...

AIG’s Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades

Nov 2 2020 // American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance...

AIG Names Zaffino to Succeed Duperreault as CEO; Will Spin Off Life Insurance Business

Oct 26 2020 // American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company.Peter Zaffino, currently AIG’s president and chief...

AIG Settles Foreign Tax Credit Dispute With U.S.

Oct 23 2020 // American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters.The insurer agreed to pay a 10% penalty and disallow more than $400 million in...