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India

American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AIG Life & Retirement Says Announced Launch Of New AQR DynamiQ Allocation Index
Wednesday, 10 Jun 2020 

June 10 (Reuters) - American International Group Inc ::AIG LIFE & RETIREMENT - ANNOUNCED LAUNCH OF NEW AQR DYNAMIQ ALLOCATION INDEX.  Full Article

AIG Files Preliminary Prospectus Supplement Related To Offering Of Notes Due 2025
Wednesday, 6 May 2020 

May 6 (Reuters) - American International Group Inc ::AIG FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO OFFERING OF NOTES DUE 2025 - SEC FILING.AIG FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO OFFERING OF NOTES DUE 2030 - SEC FILING.AIG FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO OFFERING OF NOTES DUE 2050 - SEC FILING.  Full Article

AIG CEO Says Co Will Emerge Stronger From Pandemic
Tuesday, 5 May 2020 

May 5 (Reuters) - American International Group Inc ::AIG (AIG.N> COO SAYS BUSINESS INTERRUPTION POLICIES THAT COVER VIRUSES COMPRISE WELL LESS THAN 1% OF OVERALL PROPERTY EXPOSURE - CONF CALL .AIG CONFIDENT THAT BUSINESS INTERRUPTION POLICY EXCLUSIONS FOR CORONAVIRUS WILL BE UPHELD-COO.CEO BRIAN DUPERREAULT SAYS INSURER EXPECTS TO SEE CONTINUED IMPROVEMENT IN GENERAL INSURANCE COMBINED RATIO "EX CATS" IN 2020 - CALL.CEO SAYS COVID-19 WILL NOT RESULT IN A "MATERIAL REDUCTION OF LONG-TERM RETURN PROFILE" - CONF CALL.COO PETER ZAFFINO SAYS COVID-19 WILL AFFECT ALL LINES OF COMMERICAL INSURANCE INCLUDING LIMITS AVAILABLE AND COINSURANCE - CONF CALL.ZAFFINO SAYS EXPECTS TRAPPED CAPITAL IN ILS MARKET, CAUSING RESTRICTION OF FUTURE CAPITAL - CONF CALL.ZAFFINO SAYS INSURER TO LAUNCH MODEL OFFICE AS PART OF AIG 200 PROGRAM TO TEST DIGITAL UNDERWRITING TECHNOLOGY - CONF CALL.LIFE INSURANCE EXEC SAYS EXPECTS FEWER PLAN SPONSORS TO CHANGE PROVIDERS WHICH CAN AFFECT NEW BUSINESS - CONF CALL.LIFE INSURANCE EXEC SAYS EXPECTS LOWER INDUSTRY SALES DUE TO COVID-19 - CONF CALL.LIFE INSURANCE EXEC SAYS MORTALITY TRENDS CONTINUE TO BE "FAVORABLE" - CONF CALL.LIFE INSURANCE EXEC SAYS COMPANY NOT EXPECTING "LARGE INCREMENTAL IMPACTS" TO MORTALITY RATES - CONF CALL.AIG CEO SAYS "WE BELIEVE WE WILL DO WELL" THROUGH CORONAVIRUS PANDEMIC.AIG CEO SAYS "WE'RE GOING TO EMERGE STRONGER AND MORE IN DEMAND THAN WE WERE BEFORE".  Full Article

AIG CEO Says COVID-19 Will Not Result In "Material Reduction Of Long-Term Return Profile"
Tuesday, 5 May 2020 

May 5 (Reuters) - American International Group Inc ::AIG PRESIDENT- "IT'S FAIR TO SAY THAT THE PROFOUND IMPACT AND GLOBAL NATURE OF COVID-19 IS SOMETHING WE HAVE NEVER ENCOUNTERED".AIG PRESIDENT- COVID-19 WILL BE A HEADWIND FOR FUTURE CAPACITY IN THE REINSURANCE MARKET.AIG PRESIDENT- SAW CLAIMS FROM ASIA, UK, CONTINENTAL EUROPE AND LATER IN Q1, FROM U.S., IN EACH CASE, PREDOMINANTLY IN TRAVEL AND CONTINGENCY.AIG PRESIDENT- COVID-19 HAD A LIMITED IMPACT ON Q1 NET PREMIUMS WRITTEN, WITH THE EXCEPTION OF A FALL-OFF IN TRAVEL AND M&A DURING MARCH.AIG EXECUTIVE- THE VOLATILITY IN THE EQUITY MARKETS HAS A MINIMAL IMPACT ON OUR INVESTMENT INCOME.AIG CFO- WITH RESPECT TO Q1 CECL CREDIT IMPACTS, WE RECOGNIZED APPROXIMATELY $236 MILLION OF CREDIT LOSSES.AIG COO PETER ZAFFINO SAYS COVID-19 WILL AFFECT UNDERWRITING OF ALL LINES OF COMMERICAL INSURANCE INCLUDING LIMITS AVAILABLE AND COINSURANCE - CONF CALL .AIG CONFIDENT THAT BUSINESS INTERRUPTION POLICY EXCLUSIONS FOR CORONAVIRUS WILL BE UPHELD-COO.AIG COO ZAFFINO SAYS EXPECTS TRAPPED CAPITAL IN ILS MARKET, CAUSING RESTRICTION OF FUTURE CAPITAL - CONF CALL.AIG COO ZAFFINO SAYS INSURER TO LAUNCH MODEL OFFICE AS PART OF AIG 200 PROGRAM TO TEST DIGITAL UNDERWRITING TECHNOLOGY - CONF CALL.AIG COO SAYS BUSINESS INTERRUPTION POLICIES THAT COVER VIRUSES COMPRISE 1% OF OVERALL PROPERTY EXPOSURE - CONF CALL.AIG CEO BRIAN DUPERREAULT SAYS INSURER EXPECTS TO SEE CONTINUED IMPROVEMENT IN GENERAL INSURANCE COMBINED RATIO "EX CATS" IN 2020 - CALL.  Full Article

AIG Posts Qtrly Adjusted After-Tax Earnings Per Share $0.11
Tuesday, 5 May 2020 

May 4 (Reuters) - AIG::AIG - QTRLY EARNINGS PER SHARE $1.98; QTRLY ADJUSTED AFTER-TAX EARNINGS PER SHARE $0.11.AIG - GENERAL INSURANCE HAD $419 MILLION OF PRE-TAX CATASTROPHE LOSSES, NET OF REINSURANCE, IN Q1.AIG - Q1 GENERAL INSURANCE PRE-TAX CATASTROPHE LOSSES, NET OF REINSURANCE, INCLUDED $272 MILLION OF ESTIMATED COVID-19 LOSSES.AIG - AT MARCH-END DECIDED TO PLACE UNIT BLACKBOARD INTO RUN-OFF & RECOGNIZED $210 MILLION PRE-TAX LOSS, PRIMARILY CONSISTING OF ASSET IMPAIRMENT.AIG - QTRLY TOTAL GENERAL INSURANCE NET PREMIUMS WRITTEN $5.92 BILLION, DOWN 2%.AIG - AS OF MARCH 31, BOOK VALUE PER COMMON SHARE WAS $69.30 DOWN 8% COMPARED TO PRIOR QUARTER-END.AIG - QTRLY TOTAL GENERAL INSURANCE UNDERWRITING LOSS $87 MILLION VERSUS INCOME OF $179 MILLION.AIG CEO SAYS "BELIEVE COVID-19 WILL BE THE SINGLE LARGEST CAT LOSS THE INDUSTRY HAS EVER SEEN".AIG - ASSET IMPAIRMENT CHARGE ASSOCIATED WITH BLACKBOARD U.S. HOLDINGS DID NOT IMPACT Q1 ADJUSTED PRE-TAX INCOME.AIG - WITHDRAWING PREVIOUSLY ISSUED GUIDANCE, INCLUDING THAT RELATING TO ADJUSTED RETURN ON COMMON EQUITY.AIG - DO EXPECT TO SEE CONTINUED IMPROVEMENT IN GENERAL INSURANCE, PARTICULARLY IN ADJUSTED COMBINED RATIO.AIG - IN LIFE AND RETIREMENT, DO NOT BELIEVE THAT IMPACT OF COVID-19 WILL RESULT IN MATERIAL REDUCTION OF LONG-TERM RETURN PROFILE.AIG - AS OF MARCH 31, AIG PARENT LIQUIDITY STOOD AT ABOUT $7.5 BILLION.AIG - CURRENTLY HAS OUTSTANDING $1.3 BILLION UNDER ITS $4.5 BILLION COMMITTED REVOLVING SYNDICATED CREDIT FACILITY.  Full Article

New York City Comptroller Says Sent Letters To Executives Of Berkshire Hathaway, AIG, Liberty Mutual Insurance To End Business Ties With Coal Industry
Friday, 24 Apr 2020 

April 24 (Reuters) - NEW YORK CITY COMPTROLLER::NEW YORK CITY COMPTROLLER SAYS SENT LETTERS TO EXECUTIVES OF BERKSHIRE HATHAWAY, AIG, LIBERTY MUTUAL INSURANCE TO END BUSINESS TIES WITH COAL INDUSTRY.NEW YORK CITY COMPTROLLER - CALLS ON BERKSHIRE HATHAWAY, AIG, LIBERTY MUTUAL INSURANCE TO CEASE UNDERWRITING ANY COAL PROJECTS.NEW YORK CITY COMPTROLLER - CALLS ON BERKSHIRE HATHAWAY, AIG, LIBERTY MUTUAL INSURANCE TO DIVEST HOLDINGS IN COS THAT EXTRACT/DISTRIBUTE THERMAL COAL.NEW YORK CITY COMPTROLLER SAYS LETTERS CITE BERKSHIRE HATHAWAY, AIG, LIBERTY MUTUAL INSURANCE'S COAL INVESTMENTS AS "INCOMPATIBLE".  Full Article

AIG Says CEO Brian Duperreault's FY 2019 Total Compensation Was $19.4 Million
Friday, 20 Mar 2020 

March 19 (Reuters) - American International Group Inc ::AIG SAYS CEO BRIAN DUPERREAULT'S FY 2019 TOTAL COMPENSATION WAS $19.4 MILLION VERSUS $20.9 MILLION IN FY 2018 - SEC FILING.AIG SAYS CFO MARK LYONS' FY 2019 TOTAL COMPENSATION WAS $7.8 MILLION VERSUS $4.8 MILLION IN FY 2018.AIG SAYS PRESIDENT AND GLOBAL COO, PETER ZAFFINO'S FY 2019 TOTAL COMPENSATION WAS $18.4 MILLION VERSUS $12.6 MILLION IN FY 2018.AIG SAYS FOR 2019 CEO PAY RATIO WAS 288 TO 1.  Full Article

AIG Says Jonathan Wismer, Deputy CFO Will Be Leaving Co
Thursday, 12 Mar 2020 

March 12 (Reuters) - American International Group Inc ::AIG - BOARD APPOINTED ELIAS HABAYEB, CFO OF GENERAL INSURANCE, TO ADDITIONAL ROLE OF PRINCIPAL ACCOUNTING OFFICER, EFFECTIVE MARCH 9.AIG - JONATHAN WISMER, DEPUTY CHIEF FINANCIAL OFFICER AND CHIEF ACCOUNTING OFFICER, WILL BE LEAVING CO EFFECTIVE MARCH 31.AIG - HABAYEB WILL NOW SERVE AS SENIOR VICE PRESIDENT, DEPUTY CFO, CHIEF ACCOUNTING OFFICER, AIG AND CFO, GENERAL INSURANCE.  Full Article

AIG Announces $500 Million Accelerated Share Repurchase
Tuesday, 25 Feb 2020 

Feb 25 (Reuters) - American International Group Inc ::AIG ANNOUNCES $500 MILLION ACCELERATED SHARE REPURCHASE.  Full Article

Soros Fund Management Dissolves Share Stake In Visa
Saturday, 15 Feb 2020 

Feb 14 (Reuters) - Soros Fund Management: :SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN VISA - SEC FILING.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN AMERICAN INTL GROUP INC BY 130.3 PERCENT TO 165,943 SHARES - SEC FILING.SOROS FUND MANAGEMENT LLC TAKES SHARE STAKE OF 300,000 SHARES IN CAMPBELL SOUP CO - SEC FILING.SOROS FUND MANAGEMENT LLC - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2019.  Full Article

Morning News Call - India, August 5

To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08052020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH No major events are scheduled for the day. LIVECHAT - REUTERS GLOBAL MARKETS FORUM Dr. Raghuram Rajan, former governor of the Reserve Bank of India, discusses c