Welcome to our dedicated page for American International Group news (Ticker: $AIG), a resource for investors and traders seeking the latest updates and insights on American International Group stock.
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American International Group, Inc. (NYSE: AIG) has closed a secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG sold 35 million existing shares at a public offering price of $20.50 per share, with a 30-day option to the underwriter to purchase up to an additional 5.25 million shares. The proceeds to AIG after deducting expenses were approximately $712 million. AIG remains a majority shareholder of Corebridge Financial.
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American International Group (AIG) announced the election of James Dunne III as an independent Director, effective December 1, 2023. Peter Zaffino, Chairman & CEO, AIG, expressed delight at Dunne's addition to the board, highlighting his financial and investment acumen. John Rice, Lead Independent Director, AIG, also welcomed Dunne, emphasizing his broad financial services expertise. Dunne, Vice Chairman and Senior Managing Principal of Piper Sandler, brings extensive executive leadership experience and a commitment to community service. He expressed excitement to join AIG's Board of Directors.
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American International Group, Inc. (NYSE: AIG) priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $20.50 per share. AIG offered 35 million existing shares of CRBG, corresponding to approximately $718 million of gross proceeds. AIG also granted a 30-day option to the underwriter to purchase up to an additional 5.25 million shares. The net proceeds from the offering will go to AIG, which will remain a majority shareholder of Corebridge Financial upon completion of this offering.
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American International Group, Inc. (NYSE: AIG) has announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 35 million existing shares of common stock of Corebridge, with a 30-day option to purchase up to an additional 5.25 million shares. AIG will remain a majority shareholder of Corebridge Financial upon completion of this offering. The last reported per share sale price of Corebridge Financial common stock was $21.03. J.P. Morgan is acting as the underwriter for the offering.
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American International Group, Inc. (NYSE: AIG) announced the appointment of Rose Marie Glazer as General Counsel, overseeing legal, compliance, regulatory, and government affairs functions. Ms. Glazer, an Executive Vice President, has demonstrated expertise in legal, business, and governance matters and has played a significant role in positioning AIG as a top-performing global insurer. She is a National Association of Corporate Directors (NACD) Directorship Certified and holds a law degree, cum laude, from Southern Methodist University School of Law.
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American International Group, Inc. (AIG) announced the pricing terms for its Tender Offer to purchase outstanding notes and debentures. The Tender Offer is for an aggregate purchase consideration of up to $1.5 billion, excluding Accrued Interest. AIG will accept for payment up to the Tender Cap Securities validly tendered and not validly withdrawn at or prior to the Early Participation Date, and has elected to have an early settlement. The Tender Offer will expire on December 6, 2023.
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American International Group, Inc. (AIG) announced the early results of its tender offer to purchase for cash the notes and debentures of the series listed. AIG has exercised its right to amend the terms of the Tender Offer to increase the aggregate purchase price to $1.5 billion. $3,350,031,000 aggregate principal amount of the Securities demoninated in U.S. dollars and €524,765,000 aggregate principal amount of the Securities demoninated in euro were validly tendered prior to or at the Early Participation Date and not validly withdrawn.
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AIG: Roshan Navagamuwa Named EVP and Chief Information Officer, John Repko to Step Down. Roshan Navagamuwa joins AIG as EVP and Chief Information Officer, effective January 1, 2024. He will oversee AIG’s global technology and cybersecurity strategy, core infrastructure, and cloud strategy. John Repko, the current CIO, will transition to a Senior Advisor role. Navagamuwa brings experience from CVS Health and Aon's Global IT division.
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AIG Closes Secondary Offering of Corebridge Financial, Inc. (CRBG) Common Stock, Raises $1.0 Billion: American International Group, Inc. (NYSE: AIG) has successfully completed the secondary offering of 50 million shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock at a public offering price of $20.50 per share, with the option for underwriters to purchase an additional 7.5 million shares. The offering raised approximately $1.0 billion for AIG, with all net proceeds going to the company. Goldman Sachs & Co. LLC and J.P. Morgan acted as underwriters for the offering.
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0.43%
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American International Group, Inc. (NYSE: AIG) has initiated a cash tender offer for 13 series of its outstanding debt securities. The tender offer is subject to various conditions and has a Tender Cap of $1.0 billion. The early participation date is November 20, 2023, and the expiration date is December 6, 2023.
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American International Group, Inc.
NYSE:AIG
AIG Rankings
AIG Stock Data
52.66B
678.50M
0.29%
93.63%
1.17%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
United States of America
NEW YORK
About AIG
American International Group, Inc. is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.