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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

63.02USD
23 Jun 2017
Change (% chg)

$-0.03 (-0.05%)
Prev Close
$63.05
Open
$63.18
Day's High
$63.34
Day's Low
$62.81
Volume
3,814,276
Avg. Vol
1,949,468
52-wk High
$67.47
52-wk Low
$48.41

Latest Key Developments (Source: Significant Developments)

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

AIG says CEO Brian Duperreault reports open market purchase of 80,000 shares of co's common stock
Friday, 19 May 2017 04:30pm EDT 

May 19 (Reuters) - American International Group Inc :AIG says CEO Brian Duperreault reports open market purchase of 80,000 shares of co's common stock at average of $61.48/share on may 18 - SEC filing.  Full Article

Carl Icahn says pleased with AIG board on recent changes -Twitter
Monday, 15 May 2017 08:41am EDT 

May 15 (Reuters) - American International Group Inc :Carl Icahn says "very pleased the $AIG board is finally making some of the much-needed changes we've been advocating the last 18 months" - Twitter.  Full Article

AIG says CEO Duperreault's initial compensation to include annual base salary of $1.6 mln
Monday, 15 May 2017 07:46am EDT 

May 15 (Reuters) - AIG ::Says Duperreault's initial compensation will consist of an annual base salary of $1.6 million.Says Duperreault's initial compensation will also consist of a short-term annual incentive target of $3.2 million.Says in addition, Duperreault will receive a one-time, make-whole cash award of $12 million as compensation for unvested Hamilton equity awards to be forfeited by him.Says Duperreault's initial compensation will also consist of an annual long-term incentive award of $11.2 million.Says pursuant to Hamilton Waiver Agreement, will make additional payment of $20 million contingent upon completion of Duperreault's second year as CEO.  Full Article

AIG, Hamilton Insurance and Two Sigma Insurance expand partnership
Monday, 15 May 2017 07:40am EDT 

May 15 (Reuters) - AIG :AIG, Hamilton Insurance Group and Two Sigma Insurance quantified announce expansion of partnership.AIG - AIG has agreed in principle to acquire Hamilton USA, Hamilton Insurance Group's U.S. platform.AIG - Hamilton RE and AIG to enter into strategic reinsurance partnership.AIG - Attune's target market will be expanded to include companies with annual revenues of up to $35 million.AIG - under terms of mou, hamilton will retain its one-third ownership of attune.AIG - Attune's target market will be expanded to include companies with a target market segment of up to $150 billion in annual gross written premiums.Says Hamilton RE and AIG will enter into a reinsurance strategic partnership.AIG - co, TSIQ to enter partnership to use TSIQ's "insurance-focused data science and technology expertise" for commercial insurance underwritten by AIG.  Full Article

Hamilton Insurance appoints David Brown as interim group CEO
Monday, 15 May 2017 07:35am EDT 

May 15 (Reuters) - American International Group Inc :Hamilton Insurance Group appoints William Freda as chairman and David Brown as interim group CEO.Hamilton Insurance Group - both appointments, effective immediately, follow resignation of Brian Duperreault as chairman and chief executive officer.  Full Article

AIG appoints Brian Duperreault president and chief executive officer
Monday, 15 May 2017 07:30am EDT 

May 15 (Reuters) - AIG :AIG appoints Brian Duperreault president and chief executive officer.AIG - Duperreault has resigned as chairman and chief executive officer of Hamilton Insurance Group (Hamilton).Says Duperreault has resigned as chairman and chief executive officer of Hamilton Insurance Group.Aig - Peter D. Hancock resigned as president, chief executive officer and director concurrent with Duperreault's appointment.  Full Article

AIG plans to name Brian Duperreault as next CEO - WSJ
Wednesday, 10 May 2017 11:34pm EDT 

May 10 (Reuters) - American International Group Inc :AIG plans to name Brian Duperreault as next CEO - WSJ, citing sources.  Full Article

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Accenture unloads $1.6 billion in pension liabilities to AIG, MassMutual

Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer $1.6 billion in pension obligations to insurers American International Group Inc and MassMutual.