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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

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Change (% chg)

$0.21 (+0.39%)
Prev Close
$54.25
Open
$54.51
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$54.63
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$54.16
Volume
2,054,954
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1,645,226
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$67.30
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$49.57

Latest Key Developments (Source: Significant Developments)

AIG To Acquire UK Group Life Specialist Ellipse From Munich Re
Wednesday, 20 Jun 2018 

June 20 (Reuters) - American International Group Inc ::AIG TO ACQUIRE UK GROUP LIFE SPECIALIST ELLIPSE FROM MUNICH RE.AIG SAYS TERMS OF TRANSACTION WERE NOT DISCLOSED.AIG SAYS TRANSACTION WILL BE FULLY FUNDED WITH CASH.  Full Article

AIG Names Mark Lyons As Senior Vice President & Chief Actuary, General Insurance
Monday, 14 May 2018 

May 14 (Reuters) - American International Group Inc ::AIG NAMES MARK D. LYONS AS SENIOR VICE PRESIDENT & CHIEF ACTUARY, GENERAL INSURANCE.AIG - LYONS WILL ALSO SERVE AS A MEMBER OF GENERAL INSURANCE EXECUTIVE LEADERSHIP TEAM.AIG - LYONS IS REJOINING AIG FROM ARCH CAPITAL GROUP LTD.  Full Article

AIG Qtrly Adjusted After-Tax Earnings Per Share $1.04
Wednesday, 2 May 2018 

May 2 (Reuters) - American International Group Inc ::‍​QTRLY EARNINGS PER SHARE $1.01; QTRLY ADJUSTED AFTER-TAX EARNINGS PER SHARE $1.04.‍​AS OF MARCH 31, 2018, BOOK VALUE PER COMMON SHARE WAS $69.95 VERSUS $72.49 AT DECEMBER 31, 2017.Q1 ‍​GENERAL INSURANCE ADJUSTED. PRE-TAX INCOME OF $510 MILLION REFLECTED $376 MILLION OF CATASTROPHE LOSSES, $135 MILLION OF SEVERE LOSSES.‍​QTRLY TOTAL GENERAL INSURANCE NET PREMIUMS WRITTEN $6.17 BILLION, DOWN 2 PERCENT.‍​‍​QTRLY TOTAL GENERAL INSURANCE COMBINED RATIO 103.8 PERCENT VERSUS 99.8 PERCENT.Q1 EARNINGS PER SHARE VIEW $1.27 -- THOMSON REUTERS I/B/E/S.  Full Article

AIG Authorises Two New Entities In The UK And Luxembourg
Thursday, 19 Apr 2018 

April 19 (Reuters) - American International Group Inc ::AIG AUTHORISES TWO NEW ENTITIES IN THE UK AND LUXEMBOURG.AIG - AUTHORISATION OF NEW INSURANCE COS IN UK AND LUXEMBOURG THAT WILL SEE ALL BUSINESS TRANSFERRED TO NEW ENTITIES AHEAD OF UK LEAVING EU.AIG - NEW STEPS PROVIDES CLIENTS CERTAINTY OF UNINTERRUPTED UK, EUROPEAN INSURANCE COVERAGE AS PART OF CO'S PLANNED RESTRUCTURE OF EUROPEAN BUSINESS.AIG - RESTRUCTURE INVOLVES TRANSFER OF AIG EUROPE LIMITED'S EXISTING INSURANCE BUSINESS TO NEW UK AND EUROPEAN COMPANIES.AIG - RESTRUCTURE ALSO INVOLVES MERGER OF ITS EXISTING CARRIER, AIG EUROPE LIMITED INTO NEW EUROPEAN COMPANY.AIG - RESTRUCTURING EXPECTED TO TAKE EFFECT, AND NEW COS TO BEGIN WRITING BUSINESS FROM, 1 DECEMBER 2018.  Full Article

Berkshire reports Apple cost basis, AIG claim liability, lower newspaper circulation in annual report
Saturday, 24 Feb 2018 

Feb 24 (Reuters) - Buffett says berkshire hathaway has $20.96 bln cost basis for shares of apple , which were worth $28.21 bln at year end -- shareholder letter:.  Full Article

AIG To Buy Validus For $5.56 Billion In Cash
Monday, 22 Jan 2018 

Jan 22 (Reuters) - American International Group Inc ::AIG TO ACQUIRE VALIDUS FOR $5.56 BILLION IN CASH.VALIDUS HOLDINGS LTD - ALL-CASH TRANSACTION OF $68.00 PER VALIDUS SHARE.VALIDUS HOLDINGS LTD - ‍ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO AIG'S EARNINGS AND RETURN ON EQUITY​.VALIDUS HOLDINGS LTD - ‍TRANSACTION HAS BEEN UNANIMOUSLY RECOMMENDED BY BOARDS OF DIRECTORS OF AIG AND VALIDUS​.VALIDUS HOLDINGS LTD - AIG TO FUND TRANSACTION BY CASH ON HAND.  Full Article

AIG Launches Assured Edge Income Builder-NY
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - American International Group Inc ::AIG - LAUNCH OF ASSURED EDGE INCOME BUILDER-NY, A NEW FIXED ANNUITY PRODUCT ISSUED BY UNITED STATES LIFE INSURANCE COMPANY IN CITY OF NEW YORK.  Full Article

AIG partners with PIMCO to launch a new global index​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - American International Group Inc :‍AIG partners with PIMCO to launch a new global index​.  Full Article

AIG names Lex Baugh as CEO of North America General Insurance
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - American International Group Inc :AIG names Lex Baugh as chief executive officer, North America General Insurance; George Stratts to lead Lexington.AIG - ‍appointment of Lex Baugh as chief executive officer, North America General Insurance​.Aig - ‍in newly created role, Baugh will oversee AIG's U.S. and Canada general insurance business​.  Full Article

AIG wants "double-digit" rate increases after U.S. catastrophes-call
Friday, 3 Nov 2017 

Nov 3 (Reuters) - American International Group Inc :Aims to achieve "double-digit rate increases on a risk-adjusted basis" - call.Has "successfully begun to raise rates" after U.S. Hurricanes Harvey, Irma and Maria - CEO.Will "reconstitute" Lexington insurance unit as "standalone operation and true surplus lines writer" - CEO.Has created the AIG Risk Management unit (AIGRM) - CEO.AIG CEO says company has more distinct business segments with "clear accountability".Early estimate of fourth quarter California wildfire losses is about $500 million pretax, largely in personal lines business - call.Expects group and individual retirement net spreads to decline by 1 to 3 basis points per quarter - call.Wants to "dampen" some earnings volatility through reinsurance - CEO.May buy back shares again but will not reveal when or how - CEO.Expenses are higher than peers and what market will bear, must be addressed - CEO.  Full Article

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New York top court narrows Martin Act in $11 billion Credit Suisse case

NEW YORK New York's highest court on Tuesday curbed the state attorney general's ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion (£8.2 billion) lawsuit over risky mortgage securities.