Edition:
India

American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

55.15USD
18 May 2018
Change (% chg)

$0.36 (+0.66%)
Prev Close
$54.79
Open
$54.57
Day's High
$55.45
Day's Low
$54.23
Volume
2,815,436
Avg. Vol
1,717,519
52-wk High
$67.30
52-wk Low
$49.57

Latest Key Developments (Source: Significant Developments)

AIG Names Mark Lyons As Senior Vice President & Chief Actuary, General Insurance
Tuesday, 15 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
Thursday, 3 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
Sunday, 25 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

AIG posts qtrly loss of $1.91 per share
Friday, 3 Nov 2017 

Nov 2 (Reuters) - American International Group Inc ::Qtrly loss per share $1.91; qtrly after-tax operating loss $1.22 per share.Q3 earnings per share view $-0.79 -- Thomson Reuters I/B/E/S.Qtrly results included pre-tax catastrophe losses of $3.0 billion primarily from hurricanes harvey, irma & maria.Book value per common share, excluding aoci, was $74.01 at quarter-end versus $76.12 reported at q2-end.Qtrly total commercial insurance combined ratio 195.4 percent versus 105.8 percent.Qtrly total commercial insurance net premiums written $3,770 million versus $4,354 million.  Full Article

MOVES-AIG names Mark Lyons as chief actuary for general insurance

May 14 Insurer American International Group Inc on Monday named Mark Lyons as senior vice president & chief actuary for general insurance.