AIG Announces Transition of Chief Digital Officer Claude Wade to Advisor

Rhea-AI Filing Summary

American International Group, Inc. announced that Claude Wade, Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims, will step down from his current responsibilities effective December 31, 2025 to address ongoing health issues. At that time he will move into an advisory role. The filing discloses a planned, orderly transition of a senior executive who oversees digital, operations and claims functions but does not include financial metrics, successor details or other operational changes.

Positive

• Orderly transition: Mr. Wade will move to an advisory role rather than an immediate departure, helping preserve continuity
• Retained expertise: Advisory role implies the company retains access to Mr. Wade's institutional knowledge across digital, operations and claims

Negative

• Leadership vacancy risk: Stepping down from executive responsibilities creates a gap in senior oversight for digital, operations and claims
• Limited disclosure: Filing does not identify a successor or interim coverage, preventing assessment of near-term operational impact

Insights

Corporate Governance Expert

TL;DR: Senior digital and operations executive is stepping down for health reasons and will advise the company, indicating continuity but limited disclosure on succession.

The announcement confirms a planned transition of a key executive with responsibilities across digital, business operations and claims into an advisory capacity effective at year-end. This preserves institutional knowledge while freeing the company to address operational leadership needs. The filing does not name a successor, outline interim coverage, nor quantify any financial impact, so investors must rely on future disclosures for material implications. Given the role's breadth, timely succession planning will be important for operational continuity.

Risk Analyst

TL;DR: Departure for health reasons introduces operational risk but advisory transition may mitigate immediate disruption.

The change reduces active executive bandwidth in digital and claims leadership, which could affect program execution if not promptly addressed. The move to an advisory role suggests management intends to retain Mr. Wade's expertise during the handover. The filing lacks details on interim management, timing of successor appointment, or any delegation of duties, limiting assessment of near-term operational risk. No financial or regulatory impacts are disclosed in this report.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 18, 2025

AMERICAN INTERNATIONAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware

1-8787

13-2592361

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 1271 Avenue of the Americas
New York, New York 10020

(Address of principal executive offices)

Registrant’s telephone number, including area code: (212) 770-7000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, Par Value $2.50 Per Share			AIG			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Section 5 - Corporate Governance and Management

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 18, 2025, American International Group, Inc. announced that Claude Wade, Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims will step down from his current responsibilities on December 31, 2025 to address ongoing health issues. At that time, Mr. Wade will transition to an advisory role.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			AMERICAN INTERNATIONAL GROUP, INC. (Registrant)
Date: August 18, 2025			By:			/s/ Christina Banthin
						Name:			Christina Banthin
						Title:			Senior Vice President and Corporate Secretary

FAQ

What did AIG (AIG) announce about Claude Wade?

The company announced that Claude Wade will step down from his executive responsibilities effective December 31, 2025 to address ongoing health issues and will transition to an advisory role.

What roles did Claude Wade hold at AIG?

Mr. Wade served as Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims.

Will Claude Wade remain with AIG after stepping down?

Yes. The filing states he will transition to an advisory role upon stepping down from his current responsibilities.

Did the filing name a successor or interim leader?

No. The report does not identify a successor, interim leader, or detail how his responsibilities will be covered.

Does the filing disclose any financial impact of this transition?

No. The report contains no financial metrics or disclosures of financial impact related to the transition.