Shutterstock_433057783

14 February 2024Insurance

AIG profit slumps on Fortitude Re losses, yet CEO bullish on 2024 growth

Global re/insurance conglomerate American International Group (AIG) saw its profit plunge in both the fourth quarter and full-year 2023. However, its CEO remains optimistic, citing strong momentum and improved underwriting as key drivers for growth in 2024.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Accelerant to go private again in $4bn private equity deal

13 August 2026 Shareholders will receive $20.25 per share, a 49% premium to its latest close.

Jolly Swagman: IAG takes natural peril knock to bottom line FY2026, margins flat

13 August 2026 Weak New Zealand currency hampers growth in Kiwi market.

Insurers stymied in bid to fast-track Eaton subrogation pre-trial

13 August 2026 Mounting evidence SCE sparked Eaton doesn’t light a fire under court procedure.

More articles

Accelerant to go private again in $4bn private equity deal

Pelagos grows 6.4% on shifting book and hints of sourcing shift

Jolly Swagman: IAG takes natural peril knock to bottom line FY2026, margins flat

Insurers stymied in bid to fast-track Eaton subrogation pre-trial

Reinsurers beat cost of capital for third straight year: AM Best

Property market softens as capacity swells and competition heats up

Marine insurers cancel war risk cover for Red Sea and Indian Ocean

Reinsurers prioritise returns over growth as property-cat pricing softens: Morningstar

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze