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. (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.
Access curated press releases, financial disclosures, and strategic announcements in one centralized location. Track key updates including quarterly earnings reports, leadership changes, regulatory filings, and strategic partnerships that shape the company's position in global insurance markets.
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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.
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