News

Alternative Risk Transfer

Duperreault wants to use more ILS to reduce AIG volatility

American International Group (AIG) CEO Brian Duperreault is in the process of reducing volatility of the company’s portfolio and insurance-linked securities (ILS) capabilities acquired through the Validus takeover are expected to help to reach this goal.   6 September 2018

Insurance

AIG carries reserve cushion first time since 2010

American International Group (AIG) is carrying a “modest” $17m excess reserve cushion, the first redundancy since 2010, according to Morgan Stanley research.   31 May 2018

Insurance

AIG profits dampened by nat cats in Q1

American International Group (AIG) reported a drop in net income to $938 million in the first quarter of 2018 from $1.2 billion in the same period a year ago as natural catastrophes impacted the results.   3 May 2018

Insurance

Duperreault starts to reshape AIG

American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth.   22 January 2018

Insurance

Duperreault promises AIG is on the right track

American International Group (AIG) had a disappointing start to 2018 as results missed expectations and caused the share price to dive, but CEO Brian Duperreault promised during the May 3 first quarter 2018 results call that the company is on track to address the issues in general insurance and deliver double-digit return on equity (ROE).   9 May 2018

Insurance

Allianz brings AIG IGI CEO to take charge of global insurance lines

The insurer has refreshed its board of management following the departure of two key members.   25 September 2020

Insurance

AIG appoints Arch insurance chairman as Lexington CEO

American International Group (AIG) has appointed David McElroy as CEO of its surplus lines insurer Lexington Insurance Company.   2 August 2018

Insurance

AIG needs to regain investor confidence after cat losses: Morgan Stanley

Following multiple quarters of missed earnings, American International Group’s (AIG’s) large third quarter cat losses will further weigh on investor sentiment, Morgan Stanley said in a note.   20 October 2018

Insurance

Norway's Norsk Hydro cyber attack losses estimated at $40m; AIG named as lead insurer

Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million).   27 March 2019

Insurance

AIG sells 20% in DSA Re to Carlyle in strategic partnership deal

American International Group (AIG) is selling 19.9 percent of its legacy portfolio DSA Re to private equity firm The Carlyle Group.   1 August 2018

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