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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

58.94USD
4:00pm EDT
Change (% chg)

$0.03 (+0.05%)
Prev Close
$58.91
Open
$58.74
Day's High
$59.25
Day's Low
$58.74
Volume
1,581,932
Avg. Vol
1,777,010
52-wk High
$64.31
52-wk Low
$48.41

Latest Key Developments (Source: Significant Developments)

AIG UK announces new D&O coverage for residency and repatriation costs associated with Brexit
Thursday, 28 Jul 2016 10:28am EDT 

AIG UK: Announces new D&O coverage for residency and repatriation costs associated with Brexit . D&O coverage will be added at no additional cost and with no deductible . D&O policies will also cover costs not paid for by company for subsequent challenges to repatriation orders post Brexit . EU executives covered by D&O whose applications for UK permanent residency are rejected before Brexit to have legal costs met to challenge decision . Addition will also cover legal costs for UK nationals if their application for permanent residency in a member state of EU is rejected . New addition to cover legal costs for executives living in uk, eu against repatriation order due to termination of UK's membership in EU .Addition to D&O policies will cover costs not paid for by co for legal challenges if permanent residency applications is rejected pre-Brexit.  Full Article

Moody's rates AIG's senior euro notes BAA1, stable outlook
Wednesday, 1 Jun 2016 08:54pm EDT 

Moody's Investors Service:Moody's rates AIG's senior euro notes BAA1, stable outlook.  Full Article

Moody's rates AIG's senior euro notes BAA1, stable outlook
Wednesday, 1 Jun 2016 05:58pm EDT 

Moody's Investors Service:Moody's rates AIG's senior euro notes BAA1, stable outlook.  Full Article

United Guaranty Corp says intend to apply to list common stock on NYSE under symbol “UGC”
Friday, 20 May 2016 05:19pm EDT 

United Guaranty Corp:Intend to apply to list common stock on the New York Stock Exchange under the symbol “UGC” - sec filing.  Full Article

AIG General Counsel Tom Russo to retire - internal memo
Tuesday, 17 May 2016 10:45am EDT 

American International Group Inc : AIG general counsel Tom Russo to retire - internal memo . AIG's Russo will remain with AIG until a replacement is found and through the period of transition of the new general counsel - internal memo Further company coverage: [AIG.N] ((Bengaluru Newsroom +1 646 223 8780;)).  Full Article

Paulson & Co cuts share stake in SPDR Gold Trust, AIG - SEC Filing
Monday, 16 May 2016 06:10pm EDT 

: Paulson & Co Cuts Share Stake In SPDR Gold Trust By 17 Pct To 4.8 Mln Gold Shares - SEC Filing . Paulson & Co dissolves share stake in Priceline Group Inc . Paulson & Co ups share stake in Etsy inc from 437,010 to 1.5 million shares . Paulson & Co inc raises share stake in Liberty Global by 55.6% to 280,000 class a shares . Paulson & Co cuts share stake in AIG by 3.2 percent to 11.2 million shares .Change in holdings are as of March 31, 2016 and compared with the previous quarter ended as of December 31, 2015.  Full Article

Carl Icahn dissolves in Apple, ups in AIG
Monday, 16 May 2016 05:35pm EDT 

Carl Icahn : Carl Icahn Ups Share Stake In Aig By 5.2 Pct To 44.4 Mln Shares . Carl icahn dissolves shared share stake in apple inc . Sec filing .Change in holdings are as of march 31, 2016 and compared with the previous quarter ended as of dec 31, 2015.  Full Article

AIG secures about $300 mln of indemnity reinsurance coverage for mortgage insurance portfolio
Monday, 9 May 2016 04:15pm EDT 

American International Group Inc : Secures approximately $300 million of indemnity reinsurance coverage for mortgage insurance portfolio from 2008 and earlier . Reinsurance is on portion of united guaranty's first-lien U.S. mortgage insurance portfolio of policies issued in 2008 and prior years .Bellemeade Re II is funding its reinsurance obligations through issuance of three classes of amortizing notes.  Full Article

American International Group, Hamilton Insurance Group, and Two Sigma announce plans to establish JV
Tuesday, 26 Apr 2016 08:00am EDT 

American International Group:Says Co Hamilton Insurance Group, Ltd and affiliates of Two Sigma Investments LP that they have entered into a non-binding memorandum of understanding to form JV that will establish a technology-enabled, customer-centric insurance platform for SME market.Terms of the transaction have not been disclosed.  Full Article

American International Group Inc said to plan cutting about 125 jobs in U.K. in coming months-Bloomberg - Reuters News
Wednesday, 6 Apr 2016 08:35am EDT 

American International Group Inc:American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations, according to people familiar with the plan - Bloomberg.The company could reduce the region’s staff by as much as 5 percent, said the people, who asked not to be identified discussing a plan that hasn’t been disclosed publicly.Based on the headcount of 2,500 there, that means 125 could be affected, according to one of the people. Employees were informed of the plan last month in a note from the chief executive officer of AIG’s U.K. operations, Anthony Baldwin, the people said.AIG CEO Peter Hancock has resisted calls from activist investor Carl Icahn to split up the company, saying he favors a broader business mix that includes life and retirement insurance.AIG has disclosed a plan to cut at least 200 jobs at five locations in New York City, including at its headquarters.  Full Article

PRESS DIGEST- Financial Times - Aug 24

Aug 24 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.