Edition:
United States

American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

60.92USD
2:00pm EDT
Change (% chg)

$0.21 (+0.35%)
Prev Close
$60.71
Open
$60.48
Day's High
$61.01
Day's Low
$60.48
Volume
296,871
Avg. Vol
1,391,982
52-wk High
$67.47
52-wk Low
$57.35

Latest Key Developments (Source: Significant Developments)

AIG announces adjustments to warrant exercise price and shares receivable upon warrant exercise
Thursday, 14 Sep 2017 04:16pm EDT 

Sept 14 (Reuters) - American International Group Inc :AIG announces adjustments to warrant exercise price and shares receivable upon warrant exercise.AIG - ‍Adjustments resulted from declaration by board of directors of AIG on August 2, 2017 of a dividend of $0.32 per share​.AIG - Warrant exercise price will be reduced to $44.1299 per share from $44.1593 per share​.AIG - ‍Number of shares of AIG common stock receivable upon warrant exercise will increase to 1.020 from 1.019​.  Full Article

AIG to redeem 4.90 pct callable notes
Friday, 18 Aug 2017 04:20pm EDT 

Aug 18 (Reuters) - American International Group Inc -:AIG to redeem 4.90% callable notes due September 25, 2045.AIG- to pay to registered holders of notes a redemption price equal to 100% of principal amount of notes, plus accrued and unpaid interest.  Full Article

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

AIG entered into fourth amended and restated credit agreement
Tuesday, 27 Jun 2017 02:36pm EDT 

June 27 (Reuters) - AIG ::Entered into fourth amended and restated credit agreement among co, unit borrowers party thereto & lenders - SEC filing.Fourth amended credit agreement provides for a five-year total commitment of $4.5 billion.Fourth amended credit agreement amends and restates AIG's third amended and restated credit agreement, dated as of November 5, 2015.Under circumstances in fourth amended credit agreement, aggregate commitments may be increased by up to $500 million.As of June 27, 2017, there are no borrowings or letters of credit outstanding under fourth amended credit agreement.Letters of credit issued under fourth amended credit agreement will be used to support reinsurance operations of AIG's insurance subsidiaries.  Full Article

AIG says CEO Hancock will be eligible to receive cash payment of $5 mln for service through transition period
Friday, 17 Mar 2017 05:30pm EDT 

AIG : AIG - in consideration of service during transition period, CEO Hancock will be eligible to receive cash payment of $5 million for service through transition period . Says Peter Hancock will also continue to receive his normal 2017 compensation .Says after discussion with Hancock, the board determined that Hancock would not earn a 2016 short-term incentive award - SEC filing.  Full Article

In 2017, aig anticipates writing about $2.5 billion of net written premium in commercial casualty - conf call
Wednesday, 15 Feb 2017 09:41am EST 

call : Aig expects to free up about $2b in capital over time - conf call . Taking steps to improve roe in 2017 - call . Will continue to be more rigorous about risk selection into jan 1 renewal season - call . Ongoing risk selection through jan 1 renewal season is particularly important in europe - conf call . Will continue shift to "highly engineered large limit middle market risks" while curbing exposures in "commoditized excess and surplus lines" - conf call .Anticipates writing about $2.5 billion of net written premium in commercial casualty - conf call.  Full Article

AIG, Two Sigma and Hamilton Insurance Group launch Attune
Wednesday, 28 Sep 2016 08:13am EDT 

American International Group Inc : AIG, Two Sigma and Hamilton Insurance Group launch Attune - a data-enabled insurance platform serving small businesses .Terms of deal were not disclosed.  Full Article

Fitch affirms AIG's ratings outlook stable
Monday, 29 Aug 2016 05:11pm EDT 

Fitch :Fitch affirms AIG's ratings; outlook stable.  Full Article

AIG in talks to sell Lloyd's insurance operations to Canada Pension Fund- WSJ
Tuesday, 23 Aug 2016 01:21pm EDT 

: AIG in talks to sell Lloyd's insurance operations to Canada Pension Fund- WSJ, citing sources . Canada Pension Plan is in talks to acquire AIG's business at Lloyd's of London, related reinsurance company based in Bermuda- WSJ, citing sources . AIG-Llyod's transaction, if completed, could fetch insurance conglomerate hundreds of millions of dollars in proceeds- WSJ, citing sources Source (http://on.wsj.com/2bLw85R) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Fitch: AIG ratings unaffected by UGC proposed sale announcement
Tuesday, 16 Aug 2016 12:07pm EDT 

Fitch On AIG : Fitch: AIG ratings unaffected by UGC proposed sale announcement . Fitch On AIG - Transaction will advance AIG's execution of strategic plans to streamline operations .Fitch On AIG - AIG will have a continued exposure to mortgage insurance market through investment in Arch.  Full Article

Photo

AIG to restructure into three new units, marking CEO's first big move

American International Group Inc said on Monday it will reorganize into three new units and will no longer have separate commercial and consumer businesses, marking the first major strategic move by new Chief Executive Officer Brian Duperreault.