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American International Group Inc (AIG)

AIG on New York Consolidated

64.20USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

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

Marsh & Mclennan Companies appoints John Doyle CEO of marsh
Wednesday, 5 Jul 2017 04:15pm EDT 

July 5 (Reuters) - Marsh & Mclennan Companies Inc ::Marsh & Mclennan companies appoints John Doyle chief executive officer of Marsh.Marsh & Mclennan - Doyle succeeds Peter Zaffino, who has accepted a leadership role at AIG.Marsh & Mclennan - prior to joining Marsh & Mclennan in 2016, Doyle was chief executive officer for AIG's commercial insurance businesses worldwide.Marsh & Mclennan - role of chairman of risk and insurance services will not be filled.  Full Article

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

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AIG appoints Seraina Macia to head its technology unit

American International Group Inc hired on Thursday Seraina Macia as chief executive of its technology focused unit as the U.S. insurer looks to expand its data mining and analytics capabilities.