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 multinational finance and insurance corporation based in the USA, operating in over 80 countries and jurisdictions. Known globally for its extensive insurance and financial services, AIG offers a wide array of insurance products, including property, casualty, and life insurance, through its various subsidiaries. Despite recently spinning off its life insurance segment into Corebridge Financial, AIG retains a majority stake in it. AIG’s property/casualty insurance subsidiaries, collectively referred to as AIG PC, have been recognized for their strong balance sheet and improving underwriting performance, affirmed by the recent rating upgrades from AM Best. AIG PC continues to benefit from robust reinsurance support and positive pricing momentum across key business lines, making its operating metrics competitive among its peers. Recent financial results highlight AIG’s profitability and strategic progress, including significant capital management actions and the deconsolidation of Corebridge Financial, positioning AIG as a prominent leader in the global insurance market.
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.
American International Group, Inc. (NYSE: AIG) will announce its financial results for Q1 2023, ending March 31, 2023, after market close on May 4, 2023. Investors can access the announcement and supplementary financial information in the Investors section of AIG's website.
AIG will also conduct a conference call on May 5, 2023, at 8:30 a.m. ET to discuss these results, with a replay available shortly thereafter. AIG is a global leader in insurance, offering property casualty, life insurance, and retirement solutions across approximately 70 countries. More details about AIG can be found on their official site.
American International Group, Inc. (AIG) announced that William G. (Jerry) Jurgensen will retire from its Board of Directors and not seek re-election at the 2023 Annual Meeting in May. Jurgensen has been a board member since 2013 and previously served as CEO of Nationwide Financial Services from 2000 to 2009. AIG's Chairman and CEO, Peter Zaffino, expressed gratitude for Jurgensen's contributions over the last decade. AIG provides a range of insurance and financial services globally, operating in about 70 countries.
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