$AIG (American International Group, Inc.)

$AIG {{ '2015-08-04T12:01:56+0000' | timeago}} • Announcement

$AIG 2Q15 PR: Total revenues were $15,699MM compared to $16,136MM in 2Q14. Net income attributable to AIG of $1,800MM for the quarter ended June 30, 2015, compared to $3,073MM for the 2Q14. After-tax operating income was $1.9Bil compared to $1.8Bil in the prior-year quarter.

$AIG {{ '2017-10-09T22:13:32+0000' | timeago}} • Announcement

$AIG expects to report 3Q17 pretax catastrophe losses net of reinsurance of $2.9-3.1Bil ($1.9-2Bil after-tax). This amount includes pretax estimated losses of $1.1-1.2Bil from Hurricane Harvey, $1-1.1Bil from Hurricane Irma, $600-700MM from Hurricane Maria, and approx. $150MM in additional catastrophe losses including Mexico earthquakes.

$AIG {{ '2017-10-03T15:56:49+0000' | timeago}} • Announcement

$AIG named Charles Fry as the company's Head of Reinsurance, Operations and Transformation, General Insurance, effective immediately. Fry will oversee AIG's Global Reinsurance, Shared Services, Transformation and Administration functions. He previously served as Group CFO at Novae Group plc.

$AIG {{ '2017-09-25T15:13:48+0000' | timeago}} • Announcement

$AIG expects that its year-end financial reporting will reflect the new structure. AIG also intends to align its incentive and performance management systems accordingly. As a result of the structure changes, Rob Schimek, CEO of Commercial, will be leaving the company at the end of October to pursue other interests.

$AIG {{ '2017-09-25T15:13:06+0000' | timeago}} • Announcement

$AIG will no longer have Commercial and Consumer segments and will transition to General Insurance led by Peter Zaffino as CEO, Life & Retirement led by Kevin Hogan as CEO, and a stand-alone technology-enabled platform led by Seraina Macia as CEO.

$AIG {{ '2017-09-06T13:37:09+0000' | timeago}} • Announcement

$AIG appointed Lucy Fato as EVP and General Counsel, effective Oct. 16. Fato is currently Managing Director, Head of the Americas and General Counsel at the global investigations firm Nardello & Co. Fato succeeds Peter Solmssen, who has served as $AIG's General Counsel since 2016 and is returning to retirement.

$RE {{ '2017-09-05T16:04:18+0000' | timeago}} • Announcement

$RE said Debbie Weiser has joined Everest Insurance as the newly appointed leader of Excess Casualty within Everest Specialty Casualty. Based in New York, Debbie joins Everest from $AIG where she was Head of Excess Casualty Strategic Growth and Innovation.

$AIG {{ '2017-08-21T13:48:39+0000' | timeago}} • Announcement

$AIG will redeem all of its outstanding 4.90% Callable Notes due September 25, 2045 on September 25, 2017. On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date.

$AIG {{ '2017-08-03T20:14:16+0000' | timeago}} • Webcast

According to $AIG, "we still have a buyback authorization in place and will consider capital return but are no longer targeting an amount for share repurchases.”  As 2Q17 results were posted, AIG said it shrunk the gross book in the period by a third from 2015.

$AIG {{ '2017-08-03T20:00:20+0000' | timeago}} • Webcast

As $AIG posted 2Q17 results, the new chief executive Brian Duperreault said that he would not stick with the capital return plan devised by former CEO Peter Hancock. Mr. Hancock's plan from last year was expected to return $25Bil to shareholders by the FY17 end.

$AIG {{ '2017-08-03T19:51:38+0000' | timeago}} • Announcement

$AIG declared a quarterly dividend of $0.32 per share, par value $2.50 per share. The dividend is payable on September 29, 2017, to stockholders of record at the close of business on September 15, 2017.

$AIG {{ '2017-08-03T19:50:54+0000' | timeago}} • Announcement

At 2Q17 end, total shareholders' equity for $AIG was $73.7Bil, while the ROE for the quarter was 6.1%. Net Premiums Written for Total Commercial Insurance slipped 15% to $2.1Bil for AIG.

$AIG {{ '2017-08-03T19:50:40+0000' | timeago}} • Announcement

With pre-tax operating income rising 11%, $AIG posted a 41% fall in net income of $1.1Bil or $1.19 per diluted share for 2Q17. Book value fell 2% to $81.6 per share in the quarter.

$AIG {{ '2017-08-02T21:50:21+0000' | timeago}} • Infographic

$AIG American International Group Earnings AlphaGraphic: Q2 2017 Highlights

$AIG {{ '2017-07-13T13:23:56+0000' | timeago}} • Announcement

$AIG appointed appointment of Seraina Macia as EVP and CEO of a new planned subsidiary that aims to transform the way that $AIG delivers and underwrites commercial insurance. The appointment is effective immediately. Macia will report to $AIG President and CEO Brian Duperreault, and serve on the company's Executive Leadership Team (ELT).

$AIG {{ '2017-07-05T21:53:35+0000' | timeago}} • Announcement

$AIG announced the appointment of Peter Zaffino as EVP, Global COO effective August 1, 2017. Mr. Zaffino was previously the CEO of Marsh LLC.

$AIG {{ '2017-06-29T13:40:36+0000' | timeago}} • Announcement

Shareholders of $AIG elected 13 directors at its annual meeting. The shareholders also voted to support each of the four proposals recommended by $AIG's BoD.

$AIG {{ '2017-06-15T12:57:54+0000' | timeago}} • Announcement

$AIG, $IBM and Standard Chartered Bank plc have successfully piloted the first multinational, "smart contract" based insurance policy using blockchain, a distributed ledger technology. The pilot solution was built by IBM and is based on Hyperledger Fabric, a blockchain framework and one of the Hyperledger projects hosted by The Linux Foundation.

$AIG {{ '2017-06-09T14:50:41+0000' | timeago}} • Announcement

Insurance firm $AIG has priced the sale of 6,381,410 common shares of $ACGL through a public offering. The offering, which is scheduled to close on June 14, 2017, is expected to yield gross proceeds of about $590MM, based upon a price of $92.50 per share.

$AIG {{ '2017-05-15T13:44:55+0000' | timeago}} • Announcement

$AIG has agreed in principle it will acquire Hamilton USA, the U.S. platform of Hamilton Insurance Group, to continue accelerating its application of data science and analytics to transform underwriting.

$AIG {{ '2017-05-15T13:43:21+0000' | timeago}} • Announcement

$AIG, Hamilton Insurance Group, and Two Sigma Insurance Quantified, an independent affiliate of Two Sigma Investments, announced they have entered into MoU designed to expand their partnership with a view to leading the data-driven evolution of underwriting.

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