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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

59.79USD
11 Dec 2017
Change (% chg)

$0.28 (+0.47%)
Prev Close
$59.51
Open
$59.36
Day's High
$59.82
Day's Low
$59.22
Volume
932,878
Avg. Vol
1,344,247
52-wk High
$67.47
52-wk Low
$57.90

Latest Key Developments (Source: Significant Developments)

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

AIG names Chris Townsend as CEO, International General Insurance
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - American International Group Inc ::AIG names Chris Townsend as chief executive officer, International General Insurance.  Full Article

AIG says ‍introduced Blackboard, new brand name and logo for technology-focused unit
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - American International Group Inc :AIG - ‍introduced Blackboard, new brand name and logo for technology-focused unit, formerly operating under Hamilton USA brand​.  Full Article

Tokio Marine Hcc announces agreement to acquire AIG's medical stop-loss operations
Tuesday, 3 Oct 2017 

Oct 2 (Reuters) - Tokio Marine Holdings Inc <8766.T>:Tokio Marine Hcc announces agreement to acquire AIG's medical stop-loss operations.Tokio Marine Hcc - deal includes renewal rights, inforce business, employees; acquired operations produce gross written premium of about $350 million​.  Full Article

AIG announces adjustments to warrant exercise price and shares receivable upon warrant exercise
Friday, 15 Sep 2017 

Sept 14 (Reuters) - American International Group Inc :AIG announces adjustments to warrant exercise price and shares receivable upon warrant exercise.AIG - ‍Adjustments resulted from declaration by board of directors of AIG on August 2, 2017 of a dividend of $0.32 per share​.AIG - Warrant exercise price will be reduced to $44.1299 per share from $44.1593 per share​.AIG - ‍Number of shares of AIG common stock receivable upon warrant exercise will increase to 1.020 from 1.019​.  Full Article

AIG to redeem 4.90 pct callable notes
Saturday, 19 Aug 2017 

Aug 18 (Reuters) - American International Group Inc -:AIG to redeem 4.90% callable notes due September 25, 2045.AIG- to pay to registered holders of notes a redemption price equal to 100% of principal amount of notes, plus accrued and unpaid interest.  Full Article

MOVES-AIG names new chief underwriting officer of general insurance unit

Dec 5 U.S. commercial insurer American International Group Inc on Tuesday named Tom Bolt chief underwriting officer of its general insurance unit.