American International Group, Inc.today released its 2021 Environmental, Social and Governance (ESG) Report. The 2021 ESG Report builds upon AIG’s inaugural ESG Report published last year, which provided the company’s first holistic view of its efforts to support a more sustainable, equitable and prosperous future. Guided by AIG’s new Purpose and Values Statement, the Report’s… Continue reading AIG Releases Environmental, Social and Governance (ESG) Report
Tag: AIG
Insurer AIG Says BlackRock Will Manage Part of Life and Retirement Unit’s Assets
Insurer American International Group Inc (AIG) said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and up to $90 billion of assets on behalf of its life and retirement business. BlackRock will manage certain liquid fixed income and private placement assets according to the deal, which comes… Continue reading Insurer AIG Says BlackRock Will Manage Part of Life and Retirement Unit’s Assets
AIG Swings into Profit
American International Group Inc. (AIG) increased its fourth-quarter profit from the previous year, when the Covid-19 pandemic harmed results, as a turnaround effort lifted earnings in its main business-insurance unit. The global company earned $3.74 billion in net income, compared to a net loss of $60 million in the previous quarter. Its adjusted after-tax income,… Continue reading AIG Swings into Profit
IICF, Aon, AIG and Zurich Partner for Apprenticeship Webinar Dedicated to Promoting Diverse Insurance Workforce
The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, today hosted a new webinar titled Connecting Talent with Opportunity: Apprenticeship Programs. Speakers featured in the webinar highlighted the importance and success of apprenticeship programs at Aon, AIG and Zurich and provided best practices for recruiting new and… Continue reading IICF, Aon, AIG and Zurich Partner for Apprenticeship Webinar Dedicated to Promoting Diverse Insurance Workforce
AIG and Blackstone Close Transaction in Life & Retirement Business
American International Group, Inc. and Blackstone today announced that the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & Retirement’s existing investment portfolio has closed. It was announced back in July that the pair had… Continue reading AIG and Blackstone Close Transaction in Life & Retirement Business
COVID-19 Travel Insurance Becoming a Vacation Staple
COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require mandatory coverage in case visitors fall ill from the coronavirus. Airline bookings are on the rise in some regions, driving cautious hopes of a revival in summer traffic, but also raising fears among tourist destinations… Continue reading COVID-19 Travel Insurance Becoming a Vacation Staple
Insurers Not Obligated to Pay $6 Million Phishing Loss
A federal district court in Dallas has ruled that American International Group Inc. and Beazley PLC units are not obligated to compensate a property management software company for money lost in a phishing scheme because it never technically held the funds that were stolen. The U.S. District Court in Dallas ruled the funds were held… Continue reading Insurers Not Obligated to Pay $6 Million Phishing Loss
AIG’s Zaffino Says Firm Is Fielding Calls on Life-Business Sale
American International Group Inc. has been fielding inquiries from companies that may want to buy a stake in the life and retirement business the insurer is seeking to divest. “We received inquiries from parties interested in strategically aligning with us and potentially purchasing the 19.9% stake in life and retirement,” President Peter Zaffino said Wednesday… Continue reading AIG’s Zaffino Says Firm Is Fielding Calls on Life-Business Sale
Applied Underwriters Forms International Fine Art and Collectibles Business Unit with Former AIG Execs
Mr. Steve Menzies, CEO of Applied Underwriters, Inc., announced today that the Company has named three top executives to architect and develop its newly formed Applied Fine Art & Collectibles business unit. According to Mr. Menzies, Messrs. Ronald Fiamma, Rand Silver and Christopher Walsh have joined the Company to create the preeminent global provider of… Continue reading Applied Underwriters Forms International Fine Art and Collectibles Business Unit with Former AIG Execs
Peter Zaffino to Take Over as AIG CEO, Insurer to Divest Life-Insurance Business
Insurance conglomerate American International Group Inc. is taking steps to split off its life-insurance business into a separate company, leaving it to focus on property-casualty insurance, a separation it will make under the direction of a new chief executive. In news releases late Monday afternoon, the New York company said current Chief Executive Brian Duperreault… Continue reading Peter Zaffino to Take Over as AIG CEO, Insurer to Divest Life-Insurance Business