Reinsurance News
AIG news
News about American International Group (AIG), one of the world’s largest insurance and reinsurance groups.
Our news about AIG includes the companies financial results, new hires, product launches, affiliations and also coverage of its reinsurance operations Validus in Bermuda.
AIG announces retirement of David McElroy
22nd April 2024
American International Group, Inc. (AIG), a global insurer, has announced that David McElroy will retire from the group effective May 1st, 2024. The company has confirmed that McElroy and AIG have agreed to accelerate his retirement date for personal reasons and will remain available to the Company. Peter Zaffino, Chairman & Chief ... Read the full article
AIG names Ryan Thomas as Head of Financial Lines, APAC
18th April 2024
American International Group, Inc. (AIG), a global insurer, has appointed Ryan Thomas as the Head of Financial Lines, Asia Pacific, based out of Singapore. Thomas has over 20 years of underwriting experience. The insurer stated that, “Ryan brings a wealth of technical expertise and leadership skills that will be critical in ... Read the full article
AIG’s David Ho joins Everest Insurance Intl. as Head of Financial Lines, Asia
17th April 2024
Everest Insurance International, a division of Bermuda-based insurer and reinsurer, Everest Group, Ltd. has hired American International Group's (AIG) David Ho as Head of Financial Lines, Asia. Overall, Ho brings over 25 years of financial lines underwriting and management experience towards his new role. Previously, he spent 20 years working at AIG, ... Read the full article
AIG announces promotion of Elie Oussi
3rd April 2024
American International Group, Inc. (AIG), a global insurer, has recently promoted Elie Oussi to the position of Senior Financial Lines Underwriter, FAC Reinsurance, GCC & North Africa (NA). In his new role, Oussi will collaborate with clients, insurance companies, and brokers across the Middle East, Africa, Turkey, and CIS countries, offering ... Read the full article
AIG ‘significantly improved’ property cat structure and reinsurance coverage at 1.1 renewal: CEO Zaffino
14th February 2024
Global insurer AIG was able to "significantly improve" its property catastrophe structure and reinsurance coverage provided at the key January 1st, 2024, reinsurance renewals, with Chief Executive Officer (CEO) Peter Zaffino describing the outcome as "tremendous" for the carrier. After reporting a solid set of results for the fourth quarter ... Read the full article
AIG reports stronger general insurance combined ratio as premiums rise in Q4’23
14th February 2024
Global insurer American International Group, Inc. (AIG) has reported slight growth in underwriting income of $7 million for Q4 2023 to $642 million, which included $122 million of total catastrophe-related charges, representing 2.1 loss ratio points, of which $54 million was in North America and $68 million in International. Within the ... Read the full article
AIG adds former National Cyber Director John Inglis to Board
8th February 2024
The Board of Directors of global insurer American International Group, Inc. (AIG) has elected John Inglis to serve as an Independent Director, effective March 1st, 2024. Inglis is a former National Cyber Director. He was also an advisor to the President of the United States, Joe Biden on cybersecurity from 2021 ... Read the full article
Japan Airlines expects $105m loss from collision as AIG reported as lead insurer on aviation policy
4th January 2024
Insurance industry sources have told Reuters that AIG is the lead insurer on a $130 million "all-risks" policy for the Japan Airlines airbus 350 that was destroyed in a collision with a Japan Coast Guard plane at Tokyo's Haneda airport on Tuesday. Japan Airlines (JAL) said today that it expects losses ... Read the full article
AIG completes sale of 35 million shares of Corebridge Financial
6th December 2023
Global insurer, American International Group (AIG) has announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (CRBG) common stock. AIG, as the selling stockholder, sold 35 million existing shares of common stock (out of approximately 630 million total shares of common stock outstanding) of Corebridge at a public ... Read the full article
AIG appoints Jimmy Dunne as an independent Director
5th December 2023
Global insurer American International Group (AIG) has appointed James (Jimmy) Dunne III, Vice Chairman and Senior Managing Principal of investment bank and financial services company, Piper Sandler, as an independent Director. Dunne joined the insurer's Board of Directors on December 1st, 2023. He was a co-founder of Sandler O'Neill & Partners, which was ... Read the full article
AIG to offer 35 million shares of Corebridge Financial
1st December 2023
American International Group (AIG) has announced it will sell off another 35 million existing shares of common stock at $20.50 per share, as it continues to raise funds from the retirement services company while remaining the major shareholder. According to the announcement, the insurer has also granted a 30-day option to ... Read the full article
AIG names Rose Marie Glazer as the General Counsel
1st December 2023
Global insurer, American International Group, Inc. has named Rose Marie Glazer as the General Counsel, effective immediately. Glazer served as Interim General Counsel since October 1, 2023, overseeing AIG’s legal, compliance, regulatory and government affairs functions. Glazer remains an Executive Vice President reporting to Peter Zaffino, AIG Chairman and Chief Executive Officer, ... Read the full article
AIG appoints Roshan Navagamuwa as its new EVP & CIO
16th November 2023
Global insurer, American International Group, Inc. (AIG) has appointed CVS Health's Roshan Navagamuwa as Executive Vice President (EVP) and Chief Information Officer (CIO), effective January 1st, 2024. Navagamuwa will report to Peter Zaffino, AIG Chairman and Chief Executive Officer (CEO). He will also be a part of AIG’s Executive Leadership Team. Navagamuwa's ... Read the full article
RenRe emerges as fifth-largest P&C reinsurer following Validus Re acquisition
7th November 2023
RenaissanceRe Holdings Ltd. (RenRe), a distinguished member of the Association of Bermuda Insurers and Reinsurers (ABIR), has successfully concluded its acquisition of Validus Re and its subsidiaries from American International Group (AIG), securing its position as the fifth-largest property and casualty (P&C) reinsurer in the world. Validus Re was among the ... Read the full article
AIG announces launch of secondary offering of Corebridge stock
6th November 2023
American International Group (AIG) has announced the launch of a secondary offering of Corebridge Financial common stock at $20.50 per share. AIG is offering 50 million existing shares of common stock (out of approximately 631 million total shares of common stock outstanding) of Corebridge, corresponding to approximately $1 billion of proceeds. AIG ... Read the full article