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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

60.88USD
24 Mar 2017
Change (% chg)

$-0.46 (-0.75%)
Prev Close
$61.34
Open
$61.46
Day's High
$61.77
Day's Low
$60.44
Volume
2,467,619
Avg. Vol
1,905,181
52-wk High
$67.47
52-wk Low
$48.41

Latest Key Developments (Source: Significant Developments)

AIG announces adjustments to warrant exercise price
Monday, 13 Mar 2017 04:20pm EDT 

American International Group Inc : AIG announces adjustments to warrant exercise price and shares receivable upon warrant exercise . AIG - in accordance with terms of warrants to purchase shares of AIG stock, warrant exercise price to be reduced to $44.2948 per share from $44.4305 . AIG - number of shares of AIG common stock receivable upon warrant exercise will increase to 1.016 from 1.013 .AIG-Adjustments to warrant exercise price resulted from declaration by board on February 14, 2017 of a dividend of $0.32 per share on AIG common stock.  Full Article

Carl Icahn in tweet says "We fully support the actions taken today by the board of AIG"
Thursday, 9 Mar 2017 08:12am EST 

: Carl Icahn in tweet says "We fully support actions taken today by board of AIG" ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

AIG CEO Peter Hancock to resign
Thursday, 9 Mar 2017 08:00am EST 

American International Group Inc : AIG announces CEO transition plan . Peter D. Hancock, president and chief executive officer, has informed board of directors of his intention to resign . Hancock will remain as CEO until a successor has been named . Board of directors will conduct a comprehensive search for a successor to Hancock . Board remains committed to financial targets and objectives announced .AIG'S Hancock says "without wholehearted shareholder support for my continued leadership", protracted period of uncertainty could undermine company's progress.  Full Article

AIG to have two subsidiaries in Europe from 2019
Wednesday, 8 Mar 2017 08:30am EST 

American International Group Inc : AIG plans insurance company in Luxembourg to write business across the European Economic Area and Switzerland, while retaining UK headquarters . AIG - from 2019, AIG proposes to have two AIG subsidiary insurance companies in Europe . aig - proposed restructure is expected to complete in Q1 of 2019 . AIG - AIG will continue to support its european operations from UK .AIG - proposes to have two subsidiary insurance companies in Europe - one in UK to write UK business, one in Luxembourg to write EEA and Swiss business.  Full Article

AIG names Martha Gallo as chief information officer
Monday, 6 Mar 2017 02:45pm EST 

American International Group Inc : Martha Gallo has been named chief information officer . Martha Gallo succeeds Philip Fasano .AIG plans to appoint a new chief auditor in near term.  Full Article

AIG names Rose Marie Glazer vice president, deputy general counsel and corporate secretary
Monday, 27 Feb 2017 04:16pm EST 

American International Group Inc : Aig names rose marie glazer vice president, deputy general counsel and corporate secretary . Aig - glazer previously served as general counsel - americas and corporate secretary for siemens corporation since 2012 .Aig - glazer succeeds jeffrey welikson.  Full Article

AIG directors to discuss whether to penalize or oust CEO over fourth-quarter results-WSJ
Monday, 27 Feb 2017 01:30pm EST 

: AIG directors to discuss whether to penalize or oust CEO over fourth-quarter results- WSJ, citing sources . AIG directors are expected to debate at March board meeting various potential actions, including cutting Hancock's bonus or removing him- WSJ, citing sources Source http://on.wsj.com/2lMZ1Wg ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Vail Resorts to acquire Stowe Mountain resort for $50 mln
Tuesday, 21 Feb 2017 08:00am EST 

Vail Resorts Inc : Vail resorts to acquire Stowe Mountain Resort in Stowe, Vermont . Deal for purchase price of $50 million . Vail resorts inc - Stowe Mountain resort expected to generate incremental annual EBITDA in excess of $5 million in Vail resorts' FY ending July 31, 2018 .Vail resorts inc - to acquire Stowe mountain resort from MT. Mansfield company, inc, a wholly owned subsidiary of AIG.  Full Article

New York Times Company reports nominations for board of directors
Thursday, 16 Feb 2017 05:53pm EST 

New York Times Co : The New York Times Company announces nominations for board of directors . New York Times - nominated hays golden to stand for election as a director at its 2017 annual meeting of stockholders . New York Times -all current directors will stand for re-election with exception of Ellen Marram and Carolyn Greenspon, who are both stepping down .New York Times Co - Golden works in commercial underwriting at American International Group.  Full Article

Hamilton Insurance Group says Attune appoints James Hobson CEO
Monday, 6 Feb 2017 09:30am EST 

Hamilton Insurance Group:Says Attune announced James Hobson accepted an offer to assume position of chief executive officer.  Full Article

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AIG executives meet analysts to push resiliency message

NEW YORK American International Group Inc executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter Hancock.