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.
AM Best turns positive on AIG and its P&C subsidiaries
21st November 2025
Credit rating agency AM Best has revised the outlooks of American International Group, Inc.’s (AIG) property/casualty (P&C) insurance subsidiaries (AIG PC) to positive from stable, while affirming the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent). Concurrently, AM Best has revised ... Read the full article
John Neal no longer joining AIG
14th November 2025
Global insurer AIG has announced that John Neal, former Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace, will no longer be joining the firm due to personal circumstances. Back in January 2025, it was revealed that Neal, who served as CEO of Lloyd's since October 2018, ... Read the full article
“Speed drives growth” as Gen AI accelerates underwriting: AIG CEO
7th November 2025
Peter Zaffino, Chairman and CEO of global insurer AIG, said the company is accelerating its deployment of generative artificial intelligence (Gen AI) to digest data more effectively and access a broader range of data points, helping underwriters make better-informed decisions, emphasising that speed drives growth. During American International Group, Inc. (AIG) ... Read the full article
Everest renewal rights deal a “great opportunity to grow faster”: AIG, Jon Hancock
5th November 2025
Jon Hancock, EVP & CEO of International Commercial and Global Personal Insurance at AIG, said the recent renewal rights deal with Everest is a great opportunity to accelerate growth for AIG’s already robust commercial business, while also benefiting brokers and clients. In October 2025, Everest Group entered into definitive agreements ... Read the full article
AIG reports GI underwriting income increase of 81% for Q3’25
5th November 2025
Global insurer American International Group, Inc. (AIG) has reported that its General Insurance (GI) underwriting income rose 81% year-over-year, reaching $793 million for the third quarter of 2025, compared to $437 million in the same period last year. This increase was driven by lower catastrophe-related charges, more favourable prior year development ... Read the full article
AIG joins Convex’s new ownership structure led by Onex Corporation
30th October 2025
Convex Group Limited, the international specialty insurer and reinsurer, has announced a new long-term ownership structure in which Onex Corporation will take a leading 63% stake and AIG will become a strategic minority investor with a 35% equity interest. With the exception of management, Convex’s founding equity investors, including Onex’s Partners ... Read the full article
AIG to acquire renewal rights for majority of Everest’s commercial retail businesses
28th October 2025
Bermuda-domiciled insurer and reinsurer Everest Group has entered into definitive agreements to sell the renewal rights for its U.S., U.K., European, and Asia Pacific Commercial Retail businesses to American International Group, Inc. (AIG), subject to regulatory approvals. The renewal rights of these businesses total an estimated $2 billion of aggregate gross ... Read the full article
Christophe Letondot returns to AIG as Global Head of Credit Lines
22nd October 2025
Global insurer AIG has announced the appointment of Christophe Letondot as Global Head of Credit Lines. Letondot is returning to AIG bringing over three decades of international experience across insurance, banking, and capital markets. In his new role, he will lead the company’s global Credit portfolio that includes Trade Credit, Trade Finance, ... Read the full article
AIG promotes Akash Lakhani to Head of Marine, GCC & NA
9th October 2025
Global insurer American International Group, Inc. (AIG) has announced the promotion of Akash Lakhani to Head of Marine, GCC & North Africa (NA). In his new role, Lakhani will lead AIG’s marine operations across the GCC and NA, focusing on underwriting excellence and delivering long-term value to clients and partners. He brings ... Read the full article
AIG appoints Tom Horn as CFO, EMEA
8th October 2025
Global insurer American International Group, Inc. (AIG) has announced the appointment of Tom Horn as Chief Financial Officer (CFO), EMEA. Horn succeeds Roberto Nard, who will retire from AIG at the end of 2025 after 36 years in the industry, including more than five years in this role. Horn has spent over ... Read the full article
AIG to launch new NA Commercial Insurance team following Bailey’s retirement
6th October 2025
With Don Bailey, Executive Vice President and Chief Executive Officer of North America Commercial Insurance at AIG, set to step down at year-end, the firm has announced a new North America leadership structure that will take effect on January 1, 2026. Notably, Allison Cooper and Barbara Luck will be promoted to ... Read the full article
AIG appoints Hallworth as new Chief Digital Officer
18th August 2025
Global insurer American International Group, Inc. (AIG) has announced the appointment of Scott Hallworth as Chief Digital Officer, effective September 1. Based in New York, Hallworth will joinf AIG’s Executive Leadership Team. He will initially report to Claude Wade, the current Executive Vice President, Chief Digital Officer and Global Head of ... Read the full article
AIG’s conservative approach to US property aided by clear understanding of reinsurance cost: CEO
7th August 2025
Peter Zaffino, Chief Executive Officer (CEO) of global insurer AIG, has discussed the importance of the firm's reinsurance purchasing strategy for its US property portfolio, revealing that so far in 2025, risk-adjusted rate decreases for reinsurance are at or greater than the pricing decreases on AIG's primary business. Following the ... Read the full article
AIG reports GWP of $10bn for Q2’25 as GI underwriting income increases 46% YoY
7th August 2025
Global insurer American International Group, Inc. (AIG) has reported General Insurance (GI) gross written premiums (GWP) growth of 2% hitting $10 billion in Q2’25, compared to $9.9 billion in Q2’24, as the segment's underwriting result improved considerably year-on-year. For Q2’25, net premiums written (NPW) are reported at $6.9 billion, a decrease ... Read the full article
Everest’s Glen Browne joins AIG as Global Head of Accident & Health
25th July 2025
Global insurer American International Group, Inc. (AIG) has appointed Glen Browne as its new Global Head of Accident & Health (A&H), effective September 3rd, 2025. He will be based in Zurich, Switzerland and report to Jon Hancock, Executive Vice President and Chief Executive Officer (CEO), International Commercial Insurance and Global Personal ... Read the full article
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