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American International Group Inc (AIG)

AIG on New York Consolidated

62.17USD
23 May 2017
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Latest Key Developments (Source: Significant Developments)

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

Ex-AIG CEO plans to appeal ruling over insurer's bailout to US Supreme Court
Tuesday, 9 May 2017 03:30pm EDT 

May 9 - LAWYER FOR FORMER AIG CEO MAURICE "HANK" GREENBERG SAYS HE PLANS TO ASK U.S. SUPREME COURT TO REVIEW FEDERAL CIRCUIT DECISION OVER AIG BAILOUT:.  Full Article

AIG authorizes repurchase of additional shares
Wednesday, 3 May 2017 04:16pm EDT 

May 3 (Reuters) - American International Group Inc ::AIG says authorized repurchase of additional shares of AIG common stock with an aggregate purchase price of up to $2.5 billion.  Full Article

American International Group completes sale of AIG Fuji Life to FWD Group
Sunday, 30 Apr 2017 11:37pm EDT 

May 1 (Reuters) - American International Group Inc ::* Says it completed the sale of AIG Fuji Life Insurance Company Ltd (AFLI) to FWD Group, as planned .* Previous plan was disclosed in Nov. 2016.  Full Article

More From Around the Web

A.M. Best affirms AIG ratings after review, insurer's stock rises

A.M. Best Co affirmed its financial strength rating on American International Group Inc on Tuesday, lifting some uncertainty over the New York-based insurer's ability to meet its long-term debt obligations, which had unsettled some investors.