American International Group, Inc. has announced that it has created a position of Chief Sustainability Officer to lead the development and implementation of a company-wide sustainability strategy and appointed Jennifer Waldner to fill the role, effective immediately. Ms. Waldner will report to Thomas B. Leonardi, AIG’s Executive Vice President and Vice Chair, AIG Life Holdings,… Continue reading AIG Appoints Jennifer Waldner as First Chief Sustainability Officer
Tag: AIG
AIG Names Shane Fitzsimons Global Head of Shared Services
American International Group, Inc. announced that Shane Fitzsimons will join the company as Global Head of Shared Services, effective July 1. Mr. Fitzsimons will be based in New York and report to Peter Zaffino, AIG’s Global Chief Operating Officer and Chief Executive Officer, General Insurance. The Global Head of Shared Services is a newly created… Continue reading AIG Names Shane Fitzsimons Global Head of Shared Services
Ex-AIG Traders Seeking $100 Million in Bonuses Win Ruling
A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle to obtain $100 million dating back to the financial crisis, after he said that the insurance giant couldn’t put forward “abusive” arguments to block the payments. Judge Andrew Baker ruled Tuesday that the insurer can’t… Continue reading Ex-AIG Traders Seeking $100 Million in Bonuses Win Ruling
Former AIG Employees Get $10 Million in France with More at Stake in U.K.
Two former American International Group Inc. employees won awards totaling about $10 million after French judges chastised the insurance giant for trying to block the payment of bonuses they’d already earned to cover for its huge losses. The Paris court of appeals in March ordered the insurer to pay bonuses worth more than 2 million… Continue reading Former AIG Employees Get $10 Million in France with More at Stake in U.K.
Lloyd’s to Meet with Insurers AIG, Chubb to Boost U.S. Business: CEO
Lloyd’s of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market, which launched its most recent modernization effort in May, will meet with American International Group Inc on Thursday, and later with Chubb Ltd about… Continue reading Lloyd’s to Meet with Insurers AIG, Chubb to Boost U.S. Business: CEO
AIG Consolidates Assumed Reinsurance Operations to Form Global Business AIG Re
American International Group, Inc. on Wednesday announced the formation of AIG Re, which consolidates the company’s assumed Reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty into one global business. The company also announced that Christopher Schaper has been appointed CEO of AIG Re, effective July 1, 2019. In this new role, Mr. Schaper will… Continue reading AIG Consolidates Assumed Reinsurance Operations to Form Global Business AIG Re
AIG Promotes David McElroy to Lead North America General Insurance Operations
American International Group, Inc. announced that David McElroy, President and CEO of Lexington, has been promoted to President and CEO of the North America operations of General Insurance. Mr. McElroy will continue to report to Peter Zaffino, CEO General Insurance and Global Chief Operating Officer, AIG, and continue to serve as a member of the… Continue reading AIG Promotes David McElroy to Lead North America General Insurance Operations
AIG Shareholders Narrowly Approve CEO’s $21 Million Pay Package
American International Group Inc said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A nonbinding resolution to endorse the firm’s executive compensation received support from just 55% of votes cast, according to a securities filing by the company… Continue reading AIG Shareholders Narrowly Approve CEO’s $21 Million Pay Package
Advisory Firms Say AIG Shareholders Should Vote ‘No’ on Executive Pay
American International Group Inc shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor votes. Institutional Shareholder Services Inc and Glass Lewis & Co, which together influence the vast majority of institutional shareholder votes, each argued in recent reports… Continue reading Advisory Firms Say AIG Shareholders Should Vote ‘No’ on Executive Pay
AIA’s Rise Highlights the Size and Promise of Chinese Financial Services
Once the crown jewel of American International Group Inc., pan-Asian life insurer AIA has eclipsed its former parent thanks to soaring demand from China’s middle class. Hong Kong-listed AIA Group Ltd., whose shares hit fresh records this month, now boasts a market capitalization of around $123 billion, more than three times that of AIG. AIA’s… Continue reading AIA’s Rise Highlights the Size and Promise of Chinese Financial Services