AIG News
Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage
Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG's National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha ...
Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino
AIG CEO Peter Zaffino during the company's most recent earnings call provided analysts with some insight regarding insurance implications from Russia's invasion of Ukraine. "We have not seen a ...
AIG Q1 Net Income Up as Underwriting Profit Soars
First-quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021 first quarter. Underwriting income in AIG's General Insurance unit was ...
AIG Announces Key Leadership Changes
American International Group Inc. has named Tom Bolt as executive vice president and chief risk officer, AIG, effective immediately. He will report to Peter Zaffino, chairman and chief executive ...
AIG Considers Cutting Insurance for Russia, Ukraine
AIG, one of the world's biggest commercial insurers, is considering cutting cover for Russia and Ukraine to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, ...
AIG Life and Retirement Biz Files for IPO; Rebranding as Corebridge
The holding company of U.S. insurer American International Group Inc's AIG life and retirement business, SAFG Retirement Services Inc, filed for an initial public offering in the United States on ...
AIG Commits to Net-Zero Greenhouse Gas Emissions in Underwriting, Investment by 2050
American International Group said it is committed to achieving net-zero greenhouse gas emissions across its global underwriting and investment portfolios by 2050. AIG already made a commitment last ...
AIG to Move High Net Worth Homeowners to E&S
Peter Zaffino, CEO of American International Group (AIG), said the company's ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the ...