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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

63.35USD
11:53am EDT
Change (% chg)

$-0.28 (-0.44%)
Prev Close
$63.63
Open
$63.88
Day's High
$63.96
Day's Low
$63.33
Volume
271,364
Avg. Vol
1,312,148
52-wk High
$67.47
52-wk Low
$57.35

Latest Key Developments (Source: Significant Developments)

Tokio Marine Holdings to buy AIG business for about 30 billion yen ($266 million) - Nikkei
Monday, 2 Oct 2017 01:11pm EDT 

Oct 2 (Reuters) - Nikkei::Tokio Marine Holdings to buy medical stop-loss insurance business of AIG via U.S. unit for just over 30 billion yen ($266 million) - Nikkei.  Full Article

AIG says to no longer have Commercial and Consumer segments​
Monday, 25 Sep 2017 07:00am EDT 

Sept 25 (Reuters) - AIG :AIG announces changes to its organizational structure.AIG - ‍company will no longer have commercial and consumer segments​.Says ‍company expects that its year-end financial reporting will reflect new structure​.AIG - General Insurance and Life & Retirement will each have distinct business units that reflect how business is marketed and underwritten​.AIG - ‍as a result of structure changes, Rob Schimek, CEO of Commercial, will be leaving company at end of October to pursue other interests​.AIG - AIG also intends to align its incentive and performance management systems accordingly​.  Full Article

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 names Lucy Fato as executive vice president and general counsel
Tuesday, 5 Sep 2017 04:16pm EDT 

Sept 5 (Reuters) - American International Group Inc :AIG names Lucy Fato as executive vice president and general counsel.Fato is currently managing director, head of Americas and general counsel at global investigations firm Nardello & Co​.  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

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

BRIEF-AIG's Travel Guard insurance services available to United Airlines' customers

* AIG Travel's Travel Guard insurance products and services now available to United Airlines' customers Source text for Eikon: Further company coverage: