Peter Hancock News
AIG’s Commercial Combined Ratio Climbed to 102.1; Insurer Discloses $3B Buyback
American International Group Inc. said it will buy back $3 billion of stock after second-quarter profit climbed 6.3 percent, helped by asset sales. The insurer climbed in extended trading in New ...
AIG CEO Peter Hancock is Vulnerable, With Q2 Profit Expected to Plunge
The clock is ticking for Peter Hancock. The American International Group Inc. chief executive officer has posted three straight quarterly losses and will probably report Tuesday that profit in the ...
AIG Chairman: P/C and Life Insurance Operations Have Place at Company
American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life insurance and property-casualty coverage, Chairman Doug ...
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
Report: AIG Eying $4B Valuation for Mortgage Unit IPO
American International Group Inc.'s mortgage insurer, United Guaranty Corp., is seeking to raise about $700 million to $800 million as it sells shares to the public, according to people familiar with ...
AIG CEO Hancock: Revamp Plan Will Work Without More Drastic Action
More than two months after activist billionaire investors Carl Icahn and John Paulson gained seats on American International Group's expanded board, observers have wondered: Will their presence ...
Another Unprofitable Quarter For AIG, Thanks to Hedge Funds
American International Group Inc., the insurer that's shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the ...
AIG Reportedly Will Eliminate 125 UK Jobs, Following NYC Cuts
American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to ...