Two insurance-related companies claim the name “AIG.” A.I.G Agency is a family-owned insurance broker in Missouri, and claims to have begun calling itself “AIG” around 1958.
Tag: AIG
AIG Profit Beats Estimates on Gains in Life and Retirement Unit
American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry.
Two More Property Insurers Scaling Back Coverage in Florida
Florida homeowners have fewer options for property insurance. Just two weeks into hurricane season, The Farmers Group and AIG say they’re scaling back policy coverage.
AIG to Sell Validus Re to RenaissanceRe for $2.99B
American International Group today announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. for $2.985 billion.
AIG Buoyed by Higher Premiums on Business Insurance
AIG showed continued improvement in its core business-insurance operations, but a weaker and shrinking share of income from a life-insurance unit being divested kept its operating income relatively flat.
AIG Forms Private Client Select Insurance Services, An Independent MGA
American International Group today announced that it has finalized its agreement with funds managed by Stone Point Capital LLC to form Private Client Select Insurance Services, an independent Managing General Agency to serve High Net Worth and Ultra High Net Worth markets.
AIG and Stone Point Capital to Form Independent MGA to Serve HNW Markets
AIG has entered into an agreement with Stone Point Capital LLC, a leading private equity firm focused on investing in businesses within the global financial services industry, to form an independent MGA to serve High Net Worth and Ultra High Net Worth markets.
AIG Fires Interim CFO Mark Lyons for Confidentiality Breach
American International Group said on Monday it has terminated Mark Lyons as interim chief financial officer for violating the company’s confidentiality obligations.
AIG Subsidiary Files for Chapter 11 Bankruptcy
American International Group Inc (AIG) said on Wednesday its subsidiary, AIG Financial Products (FP), had filed for Chapter 11 bankruptcy protection.
It’s Five More Years for AIG CEO Zaffino
The employment term of AIG Chief Executive Officer Peter Zaffino has been extended for five years through November 10, 2027.