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.
AIG Life & Retirement has released findings from the Americans Moving Forward survey, highlighting that 58% of respondents deem long-term financial planning increasingly important. The survey reveals that individuals prioritize saving for retirement (66%), debt repayment (65%), and emergency funds (63%). Notably, 91% value financial products providing lifelong income. Gender disparities were observed: 41% of men reported improved finances versus only 26% of women. Millennials showed the most optimism, with 48% feeling their quality of life improved over the past year.
AIG Retirement Services has been appointed as the exclusive retirement plan provider for Ontario County, New York, serving over 1,000 employees. The county offers a 457(b) deferred compensation plan and a 401(a) savings match plan, totaling approximately $100 million in assets. AIG has over 60 years of experience in assisting government workers with retirement planning. With more than $130 billion in total assets under administration, AIG supports around 2 million customers across 2,200 government entities.
AIG Life & Retirement has launched the Advanced Outcomes Annuity, a variable annuity product that combines growth potential with downside protection. This annuity features structured outcome investments developed with Milliman Financial Risk Management, allowing for greater growth without caps on returns. Financial professionals can utilize Capture-Reset-Reinvest flexibility to adjust investments as needed. With a six-year surrender period, the new annuity offers options for both growth and downside protection, enhancing investment flexibility for clients.
American International Group (NYSE: AIG) is set to report its financial results for the fourth quarter and full year ending December 31, 2021 on February 16, 2022, after market closure. AIG will provide a press release and financial supplement accessible on their website. Following this, a conference call will take place on February 17, 2022, at 8:30 a.m. ET to discuss the results, available via a public webcast.
American International Group (NYSE: AIG) has appointed
American International Group (AIG) has appointed Graham Fulcher as the new Chief Actuary for International General Insurance, effective Q1 2022. Mr. Fulcher, previously Chief Actuary at Chubb, will focus on pricing, reserving, and aligning actuarial objectives with AIG's strategies. CEO Jon Hancock emphasized that Fulcher's expertise will enhance AIG's risk management and underwriting excellence. AIG operates globally, providing a broad array of insurance products across 80 countries.
American International Group (AIG) and Blackstone have finalized their transaction involving Blackstone Real Estate Income Trust (BREIT) acquiring AIG's interests in a U.S. affordable housing portfolio. This deal aligns with BREIT's strategy to provide yield-oriented investments. AIG employees associated with this portfolio are given the opportunity to transition to the Blackstone-affiliated company managing these assets.
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American International Group (NYSE: AIG) has announced the promotion of Rose Marie E. Glazer to Executive Vice President & Chief Human Resources Officer, effective January 1, 2022. Glazer, previously the Deputy General Counsel and Corporate Secretary, will report to Peter Zaffino, President & CEO, and will join AIG’s Executive Leadership Team. Glazer emphasized her commitment to ensuring AIG remains an attractive and inclusive workplace while continuing to support the company's turnaround efforts.
AIG has selected AWS as its preferred cloud provider to support its digital transformation strategy, 'AIG 200'. This initiative aims to modernize AIG's technology infrastructure and improve customer experiences for its 90 million policyholders. AIG intends to migrate most of its workloads to the cloud, enhancing operational efficiency and security. This partnership builds on a relationship that began in 2017 and will accelerate significantly over the next two years. AIG aims to leverage AWS's cloud capabilities to deliver better services and create long-term shareholder value.