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 Japan appoints Umeda as Vice Chairman as Shimoyama transitions to Senior Advisor
2nd July 2026
American International Group, Inc. (AIG), a global insurer and reinsurer, has appointed Koki Umeda as Vice Chairman of AIG Japan, succeeding Hirofumi Shimoyama, who will transition to the role of Senior Advisor, effective July 1st, 2026. Umeda has over three decades of global insurance experience and a strong track record of ... Read the full article
AIG appoints Nancy Bewlay as Global CUO
1st July 2026
Global insurance carrier American International Group, Inc. (AIG) has hired Nancy Bewlay from AXA Group to serve as its new Executive Vice President (EVP) and Global Chief Underwriting Officer (CUO), based in New York, reporting to Eric Andersen, President and Chief Executive Officer of AIG. Bewlay joins AIG's Executive Leadership Team ... Read the full article
AIG expands Gavin Spencer’s role to Head of Specialty, North America
22nd June 2026
American International Group, Inc. (AIG), a global insurer and reinsurer, has appointed Gavin Spencer as Head of Specialty, North America, in addition to his current role as Head of Marine of North America, a role he has held since 2024. Spencer has nearly two decades of industry experience in the US ... Read the full article
Everest advances strategic overhaul with AIG Colombia deal
19th May 2026
Bermuda-based global reinsurance group Everest has agreed to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group (AIG). According to the firm, this transaction builds on the previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of its Canada ... Read the full article
AIG’s Board of Directors elects Stoddard as Independent Director
15th May 2026
The Board of Directors of global insurer American International Group (AIG) has elected Thomas (Tom) Stoddard as an Independent Director, effective June 1st, 2026. Stoddard has over 35 years of senior leadership experience in the financial services sector across insurance, asset management and investment banking. He is the former Vice Chairman ... Read the full article
AIG agrees $710m sale of remaining Corebridge stake
6th May 2026
American International Group (AIG) has reportedly agreed to sell about 25 million shares of Corebridge Financial, Inc. common stock, effectively exiting its remaining stake, for net proceeds of approximately $710 million. The sale, expected to close on May 7, follows AIG’s 2024 confirmation that it had met the requirements to ... Read the full article
Brannigan Ong appointed Head of Reinsurance, Accident & Health at AIG
6th May 2026
American International Group, Inc., a global insurance and financial services organisation providing property and casualty insurance, life and retirement solutions, and a wide range of commercial and personal insurance products, has appointed Brannigan Ong as Head of Reinsurance, Accident & Health. In this role, Ong will oversee the Accident & Health ... Read the full article
AI advancing faster than expected as AIG builds multi-agentic solution: CEO Zaffino
1st May 2026
Peter Zaffino, Chairman and CEO of AIG, said artificial intelligence (AI) has advanced at a faster pace than expected over the past nine months, as he outlined the company’s next phase of AI deployment, focused on developing a multi-agentic solution with an orchestration layer coordinating specialised AI agents. During AIG’s First ... Read the full article
AIG’s GI underwriting income rises 219% as CoR strengthens
1st May 2026
Global insurer AIG's General Insurance (GI) business saw its underwriting income more than triple to $774 million in the first quarter of 2026 as a result of lower catastrophe losses, while gross premiums written (GPW) rose 11% year-on-year to more than $10 billion. Alongside the rise in GPW, net premiums written ... Read the full article
Eric Andersen to become CEO of AIG on June 1st
27th April 2026
The Board of Directors of global insurer American International Group, Inc. (AIG) confirms that Eric Andersen will become President and Chief Executive Officer (CEO) of AIG and join the company's Board on June 1st, 2026. It was revealed in January that Peter Zaffino will transition to Executive Chair of the ... Read the full article
Spencer Pimley joins AIG Lex London as Head of Property
27th April 2026
AIG, a global insurance organisation providing a wide range of property casualty insurance and related services, has announced that Aviva's Spencer Pimley has joined its Lex London team as Head of Property. Pimley brings over 18 years of property underwriting experience, supporting large multinational clients across a diverse range of business ... Read the full article
AIG expands EMEA construction leadership team
17th April 2026
American International Group (AIG), an insurance organisation, has announced a new leadership appointment as part of the continued expansion of its Energy and Construction capabilities across the EMEA region. Alejandro Muñiz Velázquez has been appointed Head of Construction for EMEA. He brings significant industry experience and expertise to the role and ... Read the full article
DFC and Chubb reveal new partners for expanded Maritime Reinsurance plan
7th April 2026
The U.S. International Development Finance Corporation (DFC) and Chubb have revealed six additional American insurance partners that will provide reinsurance for the DFC's Maritime Reinsurance plan: Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA. As previously reported, Chubb was named lead partner for the DFC’s $20 billion Maritime ... Read the full article
AIG CEO doubles down on AI strategy amid complex risk landscape
1st April 2026
In a letter to shareholders accompanying AIG’s annual report, chairman and CEO Peter Zaffino emphasised the firm's commitment to accelerating its AI strategy and strengthening long-term growth. He framed this ambition against an increasingly complex operating environment, shaped by an evolving risk landscape, geopolitical tensions, persistent inflation uncertainty, heightened catastrophe activity, ... Read the full article
McGill and AIG collaborate to transform subscription market with AI-driven underwriting
16th March 2026
McGill and Partners and AIG have teamed up in the subscription market to give clients seamless access to high-quality insurance solutions, supported by long-term capacity and managed with agentic AI. As part of the collaboration, AIG conducted a detailed review of McGill and Partners’ specialty portfolio, reportedly confirming its strength and ... Read the full article
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