Welcome to our dedicated page for American Intl Group news (Ticker: AIG), a resource for investors and traders seeking the latest updates and insights on American Intl Group stock.
American International Group, Inc. (NYSE: AIG) is a global insurance organization whose news flow centers on property and casualty insurance operations, capital allocation, strategic investments and leadership developments. This AIG news page aggregates company press releases and market updates so readers can follow how the organization describes its performance, strategy and governance over time.
Recent AIG news has included quarterly financial results for its general insurance business, highlighting underwriting income, combined ratios and adjusted earnings metrics. The company has also reported capital return actions such as cash dividends and share repurchases, as well as changes in the value and level of its ownership interest in Corebridge Financial, Inc. News items often detail how underwriting discipline, catastrophe-related charges, prior year development and investment income affect reported results.
AIG’s updates also cover strategic transactions and partnerships. These include agreements to acquire renewal rights for a majority of Everest Group Ltd.’s retail insurance portfolios worldwide, planned minority equity investments in Convex Group Limited and Onex Corporation, and the formation of Lloyd’s Syndicate 2479 with Amwins and funds managed by Blackstone. The company has also announced a strategic shareholding and long-term commercial partnership with Salford City FC, reflecting its involvement in a football club alongside its core insurance activities.
Corporate governance and leadership changes are another key theme in AIG’s news. Filings and releases have described amendments to by-laws, board changes, senior executive appointments and succession plans, including the announced intention of the current Chairman & CEO to transition to Executive Chair and retire as CEO, and the planned arrival of a President and CEO-elect. Investors, analysts and policyholders can use this page to review how AIG communicates its insurance operations, strategic initiatives, technology collaborations and leadership evolution.
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American International Group (NYSE: AIG) has finalized a partnership with Stone Point Capital to establish Private Client Select Insurance Services (PCS), an independent Managing General Agency (MGA). This entity will cater to High Net Worth and Ultra High Net Worth markets. The previously announced transition of AIG's Private Client Group to this new platform is expected to be completed by Q3 2023, pending regulatory approvals. The transaction terms remain undisclosed. AIG continues to operate in approximately 70 countries, providing various insurance solutions to businesses and individuals.
AIG (NYSE: AIG) announced the passing of former director Thomas F. Motamed, who served from January 2019 to January 2023. In a statement, CEO Peter Zaffino expressed deep sadness at Motamed's loss, highlighting his significant contributions during a critical phase of AIG's turnaround. Motamed's expertise, developed through his distinguished career at The Chubb Corporation and CNA Financial, positively impacted the insurance industry. The AIG Board extended condolences to Motamed's family, acknowledging the legacy he leaves behind.
American International Group (AIG) announced the appointment of Chris Colahan as the new Regional President for AIG Asia Pacific, effective in the second quarter of 2023. Colahan brings over 20 years of insurance experience, having previously served as President of Berkshire Hathaway Specialty Insurance for the UK and Europe. He replaces Steven Barnett, who is leaving for other opportunities. CEO Jon Hancock highlighted the importance of the Asia Pacific market for AIG's General Insurance business and expressed confidence in Colahan's leadership to expand business capabilities and deepen client relationships.
American International Group, Inc. (NYSE: AIG) will announce its financial results for Q1 2023, ending March 31, 2023, after market close on May 4, 2023. Investors can access the announcement and supplementary financial information in the Investors section of AIG's website.
AIG will also conduct a conference call on May 5, 2023, at 8:30 a.m. ET to discuss these results, with a replay available shortly thereafter. AIG is a global leader in insurance, offering property casualty, life insurance, and retirement solutions across approximately 70 countries. More details about AIG can be found on their official site.