AIG News
AIG Buys Reinsurance From Enstar Covering $400M of Potential Adverse Development
Bermuda-based Enstar Group Limited announced that one of its wholly-owned subsidiaries has agreed to provide AIG with protection against adverse development on the portion of Validus Re's loss ...
Executives on the Move at AIG, DUAL North America
Christopher Schaper, who is currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, American International Group announced. Schaper will take on his new role later this ...
AIG Names Purtill Permanent CFO as Fitzsimons Steps Down
American International Group announced that Sabra Purtill, who has served as interim chief financial officer since January 2023, has been named to the role on a permanent ...
Climate Change and Homeowners Insurance Are on a Collision Course
A summer that already has seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of ...
AIG to Sell Validus Re to RenRe in $3B Deal
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during ...
AIG Records Strongest Q1 Underwriting Results in General Insurance
American International Group said first-quarter 2023 underwriting income in its general insurance segment was $502 million, "representing the strongest first-quarter ...
American Financial Group to Acquire Crop Risk Services From AIG for $240M
American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) ...
AIG, Stone Point Finalize Deal to Start MGA for High-Net-Worth Business
American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance ...
