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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

61.34USD
18 Aug 2017
Change (% chg)

$-0.33 (-0.54%)
Prev Close
$61.67
Open
$61.46
Day's High
$61.83
Day's Low
$61.16
Volume
1,427,797
Avg. Vol
1,418,756
52-wk High
$67.47
52-wk Low
$57.35

Latest Key Developments (Source: Significant Developments)

AIG reports 12.2 pct passive stake in Tidewater - SEC filing‍​
Friday, 4 Aug 2017 12:54pm EDT 

Aug 4 (Reuters) - American International Group Inc ::American International Group Inc reports 12.2 percent passive stake in Tidewater Inc as of August 1, 2017 - SEC filing‍​.  Full Article

American International Group CEO says will not provide guidance on buybacks
Thursday, 3 Aug 2017 10:35am EDT 

Aug 3 (Reuters) - American International Group Inc ::AIG CEO says will not provide guidance on buybacks - Conf Call.For property business, co says "have sight set on NORTHERN EUROPE" - Conf Call.AIG CEO, on share buybacks, says "the chances that we will be buying at the levels we have been buying are very low" - Conf Call.AIG - we still have a buyback authorization in place, and we'll consider capital return, but are no longer targeting an annual amount for share repurchases - Conf Call.  Full Article

AIG reports qtrly earnings per share $1.19
Wednesday, 2 Aug 2017 04:22pm EDT 

Aug 2 (Reuters) - American International Group Inc ::Qtrly earnings per share $1.19; qtrly after-tax operating earnings per share $1.53.Book value per common share, excluding AOCI, at quarter-end $76.12 versus $74.58 at Q1-end.Qtrly total commercial insurance combined ratio 102.7 percent versus 98.3 percent.Qtrly total commercial insurance net premiums written $3.83 billion versus $4.50 billion.Board of directors declares quarterly common stock dividend of $0.32 per share.  Full Article

AIG appoints Seraina Macia CEO of planned technology-focused subsidiary
Thursday, 13 Jul 2017 07:30am EDT 

July 13 (Reuters) - American International Group Inc -:AIG announces the appointment of Seraina Macia as chief executive officer of planned technology-focused subsidiary.AIG announces the appointment of seraina macia as chief executive officer of planned technology-focused subsidiary.AIG - ‍appointment of Seraina Macia is effective immediately​.AIG - Macia is a member of board of directors and audit committee of credit suisse group​.AIG - Macia joins AIG from Hamilton USA, where she was appointed CEO in 2016.  Full Article

AIG says Zaffino​'s initial compensation to consist of an annual base salary of $1.25 mln
Thursday, 6 Jul 2017 07:43am EDT 

July 6 (Reuters) - AIG :Says Peter Zaffino​'s initial compensation will consist of an annual base salary of $1.25 million.AIG - ‍In addition, in consideration of compensation foregone from prior employer, Zaffino to receive one-time, sign-on award having target value $15 million​.AIG says Zaffino​'s initial compensation will consist of ‍short-term annual incentive target of $3 million, annual long-term incentive award of $4.25 million​.  Full Article

AIG appoints Peter Zaffino as global chief operating officer
Wednesday, 5 Jul 2017 04:16pm EDT 

July 5 (Reuters) - American International Group Inc ::AIG appoints Peter Zaffino as global chief operating officer.AIG - Zaffino joins AIG after serving as chief executive officer of Marsh LLC.AIG - ‍appointment of Peter Zaffino as executive vice president, global chief operating officer effective august 1, 2017​.  Full Article

Marsh & Mclennan Companies appoints John Doyle CEO of marsh
Wednesday, 5 Jul 2017 04:15pm EDT 

July 5 (Reuters) - Marsh & Mclennan Companies Inc ::Marsh & Mclennan companies appoints John Doyle chief executive officer of Marsh.Marsh & Mclennan - Doyle succeeds Peter Zaffino, who has accepted a leadership role at AIG.Marsh & Mclennan - prior to joining Marsh & Mclennan in 2016, Doyle was chief executive officer for AIG's commercial insurance businesses worldwide.Marsh & Mclennan - role of chairman of risk and insurance services will not be filled.  Full Article

Accenture reduces U.S. pension obligations by $1.6 billion
Friday, 23 Jun 2017 06:59am EDT 

June 23 (Reuters) - Accenture Plc ::Accenture reduces U.S. pension obligations by $1.6 billion through previously announced plan termination, following asset transfer to AIG and MassMutual.Accenture Plc - plan's termination removed a total of $1.6 billion of pension obligations.Accenture Plc - under agreements, plan transferred pension assets to AGL, MassMutual to settle approximately $1.0 billion of outstanding pension obligations.Accenture Plc - Accenture has created a new, fully funded, defined benefit plan with approximately $200 million of pension obligations.Accenture - plan's termination removed about $600 million through lump-sum payments to about 7,000 active, former U.S. employees.Accenture - plan's termination removed $1.0 billion through purchase of annuities from insurance cos.Accenture - completed termination of U.S. pension plan by entering agreements with American General Life Insurance Co, Massachusetts Mutual Life Insurance Co.  Full Article

AIG files preliminary prospectus supplement with SEC related to notes offering
Monday, 12 Jun 2017 06:18am EDT 

June 12 (Reuters) - American International Group Inc ::AIG files preliminary prospectus supplement with U.S. SEC related to a potential notes offering - SEC filing‍​.  Full Article

AIG announces pricing of sale of common shares of Arch Capital Group
Friday, 9 Jun 2017 08:15am EDT 

June 9 (Reuters) - American International Group Inc :AIG announces pricing of the sale of common shares of arch capital group ltd..AIG - should underwriters exercise their option in full, aig would receive additional proceeds of approximately $89 million.AIG - priced sale through an underwritten public offering of 6.4 million common shares of arch capital group ltd.AIG says its remaining stake is subject to a lock-up that will expire on january 15, 2018.AIG - aig will receive gross proceeds of approximately $590 million, based upon a price of $92.50 per share.AIG - priced sale through an underwritten public offering of common shares of arch capital group ltd.  Full Article

BRIEF-AIG to redeem 4.90 pct callable notes

* AIG- to pay to registered holders of notes a redemption price equal to 100% of principal amount of notes, plus accrued and unpaid interest Source text for Eikon: Further company coverage: