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American International Group Inc. (AIG) is a global insurance leader providing risk management solutions across 80+ countries. This page serves as your definitive source for AIG-related news, offering investors and professionals timely updates on corporate developments.
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On May 11, 2021, AIG initiated cash tender offers and consent solicitations for specific outstanding notes, extending deadlines for holders of the SunAmerica Notes to deliver consents until June 30, 2021. AIG requires less than 1% of the SunAmerica Notes to proceed with proposed amendments. Successful completion of the consent solicitations is crucial for holders to receive a $5 payment per $1,000 of consenting notes. AIG has extended deadlines several times, and these offers are not conditioned on a minimum principal amount of notes being tendered.
On May 11, 2021, AIG announced it commenced cash tender offers and consent solicitations for certain outstanding notes, extending the deadlines for holders of SunAmerica Notes to deliver consents until June 28, 2021. The Tender Offers will encompass various series of notes, with AIG emphasizing that payment of the Total Consideration will be made for valid tenders received by the deadline. The company has engaged dealer managers and a tender agent for this process. AIG warned that these offers are subject to conditions and may be altered or terminated.
On May 11, 2021, American International Group (NYSE: AIG) initiated cash tender offers and consent solicitations for several outstanding notes. The process includes an offer for notes from American General Corporation and SunAmerica Inc., alongside amendments to their indentures. AIG has extended the deadlines for these offers multiple times, now set to June 22, 2021. Successful solicitations for Series B and Series A Notes have been announced, allowing holders to receive consent payments if amendments are approved. AIG has retained Credit Suisse and J.P. Morgan as dealer managers for this process.
On May 11, 2021, American International Group (NYSE: AIG) launched cash tender offers and consent solicitations for several outstanding notes, including Series A and Series B Junior Subordinated Debentures. The announcements included the successful completion of consent solicitations for the Series A and Series B Notes. AIG has extended the consent solicitation period for the SunAmerica Notes until June 15, 2021, allowing holders to deliver consents or tender their notes for purchase. AIG will also pay fee incentives to brokers for successful tenders.
American International Group (AIG) has appointed Quentin McMillan as Vice President, Managing Director, and Head of Investor Relations, starting June 7, 2021. McMillan, previously with Marsh McLennan, brings extensive experience in investor relations and equity research. CFO Mark Lyons highlighted AIG's momentum towards profitable growth and its transformation initiatives. McMillan aims to enhance AIG's strategy to become a leading global insurer. AIG operates in approximately 80 countries, offering property casualty and life insurance, among other services.
AIG Retirement Services has launched a self-directed version of its Retirement Pathfinder, an interactive retirement planning tool aimed at tax-exempt and public sector employees. This tool allows participants to evaluate their retirement expectations, including spending on travel, home improvements, and hobbies, while integrating various financial accounts into one dashboard. It provides real-time adjustments to savings strategies, helping users determine their retirement readiness. AIG's new offering emphasizes simplicity and visual clarity, enhancing the user experience in retirement planning.
American International Group (AIG) announced that Peter Zaffino, its President & Chief Executive Officer, will participate in a virtual fireside chat at the Bernstein Strategic Decisions Conference on June 2, 2021, at 2:30 p.m. ET. An audio webcast link will be available on AIG’s website, with a replay option. AIG is a leading global insurance organization, providing a wide range of insurance and financial services across approximately 80 countries.
On May 11, 2021, American International Group (NYSE: AIG) announced cash tender offers and consent solicitations for certain outstanding notes. This initiative is part of AIG's strategy to manage its debts more effectively. The offers include various series of notes from American General Corporation and SunAmerica Inc., with listed CUSIP numbers. These actions might enhance AIG’s financial flexibility and improve its capital structure.
American International Group (NYSE:AIG) announced cash tender offers for various series of notes including Junior Subordinated Debentures and Notes issued by American General Corporation and SunAmerica Inc. The offers total over $600 million, with early tender payments incentivizing holders to participate. The offers are scheduled to expire on June 8, 2021, with early tender times set for May 24, 2021. The total consideration varies by note series and includes an early payment fee. AIG has appointed Credit Suisse and J.P. Morgan as dealer managers for the transaction.
At American International Group's (NYSE: AIG) Annual Meeting, shareholders elected thirteen directors and supported three proposals by the Board. Highlights include:
- Elected directors received significant votes, with James Cole, Jr. garnering 718 million votes for.
- Approved non-binding executive compensation with 535 million votes for.
- Passed the 2021 Omnibus Incentive Plan with 642 million votes for.
- Ratified PricewaterhouseCoopers as independent auditors with 732 million votes for.
- Rejected a shareholder proposal to lower the threshold for special meetings.
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