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.
Saudi EXIM signs reinsurance agreements with Allianz Trade, Bpifrance, and AIG
26th February 2025
The Saudi Export-Import Bank (Saudi EXIM) has signed three reinsurance agreements with global players: Allianz Trade, Bpifrance, and American International Group (AIG) to bolster trade finance and credit insurance solutions. His Excellency Eng. Saad bin Abdulaziz Al-Khalb, Chief Executive Officer of Saudi EXIM, signed the agreements during an official visit to ... Read the full article
Lloyd’s platform benefits most attractive for strategic gains, poll suggests
21st February 2025
Following Convex Group's recent approval in principle for syndicate 1984 at Lloyd's and AIG's launch of syndicate 2478, we asked our readers their thoughts on the strategic advantages driving these global re/insurers' ventures into the world's oldest insurance and reinsurance marketplace. Most respondents (41%) cited the benefits of the Lloyd’s platform ... Read the full article
AIG elects Salesforce’s Juan Perez as Independent Director to its Board
21st February 2025
Global insurer American International Group (AIG), Inc. has elected Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce to its Board of Directors as an Independent Director, effective immediately. Perez has over three decades of experience leading strategic technology initiatives at Fortune 500 companies and is a distinguished ... Read the full article
Potential $200bn of insured cat losses could recalibrate the entire industry: AIG CEO
12th February 2025
During global insurer AIG's full-year 2024 earnings call, CEO Peter Zaffino provided a sobering outlook for the insurance and reinsurance industry, forecasting that after the extremely costly Los Angeles wildfires, 2025 could see insured catastrophe losses surpass $200 billion. This outlook follows the release of the company’s strong ... Read the full article
AIG ‘grateful’ for partnerships after ‘very strong’ Jan 1 2025 reinsurance renewals: CEO Zaffino
12th February 2025
Global insurer AIG had another strong renewal season at 1.1 2025, with Chairman and Chief Executive Officer (CEO), Peter Zaffino, stating that since the reinsurance sector's major reset at the January 2023 renewals, the firm's consistency, strategy, placement, and execution has positioned it "very favourably." Zaffino discussed the primary insurer's 1.1 ... Read the full article
AIG reports Q4’24 net income of $898m as GI net premiums climb 6%
12th February 2025
AIG has reported net income attributable to common shareholders of $898 million for Q4 2024, a significant increase from $86 million in the same period of 2023, while General Insurance net premiums written (NPW) rose to $6.1 billion. It is worth noting that in Q4 2024, AIG realigned its organisational ... Read the full article
AIG expands Jon Hancock’s responsibilities amid business restructure
28th January 2025
AIG has announced an expanded global leadership role for Jon Hancock as the company reorganises its business into three distinct segments: North America Commercial Insurance, International Commercial Insurance, and Global Personal Insurance. According to the firm, Hancock will continue to lead the International Commercial Insurance business and will assume additional responsibility ... Read the full article
AIG names Christopher Flatt as Global CUO
9th January 2025
Large, global insurance carrier American International Group, Inc. (AIG) has promoted Christopher Flatt to the role of Global Chief Underwriting Officer (CUO), succeeding Christopher Schaper, who was named Chief Risk Officer back in November 2024. Flatt assumes his new role effective immediately, and reports directly to Peter Zaffino, Chairman & ... Read the full article
AIG leads launch of new reinsurance syndicate at Lloyd’s
13th December 2024
Global insurance firm American International Group, Inc (AIG) has led the launch of a new reinsurance syndicate at the specialist Lloyd's marketplace, which will be a multi-year participant on the firm's outwards reinsurance program. Syndicate 2478 will commence underwriting from January 1st, 2025, and will be managed by Talbot Underwriting Limited ... Read the full article
AIG closes sale of Corebridge stake to Nippon Life
10th December 2024
Global insurer American International Group, Inc. (AIG) has closed its previously announced sale of approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company. The selling price of the stock, as previously reported, was decided at $31.47 per share, for an aggregate purchase price of $3.8 ... Read the full article
AIG completes sale of personal travel insurance & assistance business to Zurich
3rd December 2024
Global insurer American International Group, Inc. (AIG) has successfully closed the previously announced sale of its global individual personal travel insurance and assistance business, including Travel Guard, to Zurich Insurance Group. It was previously revealed that AIG agreed to sell Zurich these operations for $600 million in cash, with an ... Read the full article
AIG appoints Torben Schwierzke as Head of Casualty for DACH region
27th November 2024
American International Group (AIG), a global insurance company, has appointed Torben Schwierzke as the new Head of Casualty for the DACH region, overseeing the company's Casualty business in Germany, Austria, and Switzerland. Schwierzke is a highly experienced leader with a proven track record of successfully managing teams across all DACH geographies. His ... Read the full article
AIG names Christopher Schaper as Chief Risk Officer
13th November 2024
Global insurer American International Group, Inc. (AIG) has appointed Christopher Schaper as its new Chief Risk Officer on a permanent basis, effective immediately. He has held the same role on an interim basis since September 2024, while also serving as AIG’s Global Chief Underwriting Officer (CUO). In an interim capacity, Schaper ... Read the full article
Courtney Leimkuhler joins AIG Board of Directors
11th November 2024
American International Group, Inc. (AIG) has elected Courtney Leimkuhler, co-founder and Managing Partner of Springbank, to its Board of Directors as an independent Director. An accomplished executive, Leimkuhler began her career in investment banking at Goldman Sachs. She then joined NYSE Euronext, where she spent nearly a decade leading Corporate Strategy ... Read the full article
Frequency & severity losses will not be solved by reinsurers in 2025: AIG CEO
5th November 2024
This year, insured catastrophe losses have already exceeded $100 billion and are expected to easily breach the $120 billion mark, but with reinsurers poised to generate underwriting profits on their global catastrophe portfolios in 2024 after the significant market reset last year, industry losses will continue to be realised by ... Read the full article
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