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American International Group Inc (AIG.N)

AIG.N on New York Stock Exchange

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1:31am IST
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Latest Key Developments (Source: Significant Developments)

AIG Names Thomas Lillelund As CEO Of AIG Europe SA
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - American International Group Inc ::AIG NAMES THOMAS LILLELUND AS CHIEF EXECUTIVE OFFICER OF AIG EUROPE SA.LILLELUND JOINS FROM ASPEN RE WHERE HE HAS BEEN CHIEF EXECUTIVE OFFICER.ANTHONY BALDWIN, CURRENTLY CEO OF AIG EUROPE LIMITED, WILL BECOME CEO OF AIG'S NEW UK ENTITY.  Full Article

AIG Names Jonathan Wismer As Senior Vice President
Monday, 6 Aug 2018 

Aug 6 (Reuters) - American International Group Inc ::AIG NAMES JONATHAN WISMER AS SENIOR VICE PRESIDENT, DEPUTY CHIEF FINANCIAL OFFICER AND CHIEF ACCOUNTING OFFICER.AIG - WISMER SUCCEEDS ELIAS HABAYEB, WHO WAS APPOINTED CFO FOR GENERAL INSURANCE IN MAY..  Full Article

AIG CEO EXPECTS GENERAL INSURANCE EXPENSE RATIO TO IMPROVE BY 2 POINTS ENTERING 2019
Friday, 3 Aug 2018 

Aug 3 (Reuters) - American International Group Inc ::EXEC SAYS COMPANY SPEAKING WITH REINSURERS ABOUT BUSINESS OPPORTUNITIES FOR SECOND HALF 2018.HAS HIRED 125 SENIOR UNDERWRITING EXECUTIVES GLOBALLY SINCE START OF 2018.IS SAYS COMPANY IS REVISING USE OF DEDUCTIBLES, REDUCING EXPOSURE TO CERTAIN INDUSTRIES AND PUTTING NEW UNDERWRITING TEAMS IN PLACE..EXEC SAYS COMPANY REDUCED PROPERTY UNDERWRITING LIMITS FROM $2.5 BILLION GLOBALLY TO $1 BILLION IN THE U.S. AND $750 BILLION INTERNATIONALLY, WITH SOME EXCEPTIONS - CONF CALL.EXEC SAYS INCLUDING NEWLY-ACQUIRED VALIDUS HOLDINGS LTD IN GENERAL INSURANCE RESULTS COULD PROVIDE UP TO 100 BASIS POINTS IMPROVEMENT IN ADJUSTED ACCIDENT YEAR LOSS RATIO - CONF CALL.CEO EXPECTS GENERAL INSURANCE EXPENSE RATIO TO IMPROVE BY 2 POINTS ENTERING 2019 - CONF CALL.CEO EXPECTS IMPROVED COMBINED RATIO OF UNDER 100 ENTERING 2019 - CONF CALL.CEO SAYS EVEN 2 POINT IMPROVED EXPENSE RATIO "IS NOWHERE WHERE IT NEEDS TO BE.".EXEC SAYS COMPANY EXPECTS TO SHOW IMPROVEMENT FROM REINSURANCE IN 2019 - CONF CALL.CEO SAYS IT WOULD BE "GREAT" TO FIND A RETIREMENT BUSINESS TO ACQUIRE - CONF CALL.CEO SAYS "THERE'S ELEMENTS OF OUR GENERAL INSURANCE BUSINESS IN THE U.S. WHERE WE'RE DOMINATED LARGE COMMERCIAL AND I'D LIKE TO HAVE SOME BALANCE LARGE AND SMALL" - CONF CALL.  Full Article

AIG Reports Quarterly Earnings $1.02/Share
Friday, 3 Aug 2018 

Aug 2 (Reuters) - American International Group Inc ::QUARTERLY EARNINGS PER SHARE $1.02.QUARTERLY ADJUSTED AFTER-TAX INCOME $1.05 PER SHARE.BOOK VALUE PER SHARE, EXCLUDING AOCI AT QUARTER-END $68.40 VERSUS $67.48 AT Q1-END.QUARTERLY GENERAL INSURANCE COMBINED RATIO 101.3 PERCENT VERSUS 97.7 PERCENT.QUARTERLY GENERAL INSURANCE NET PREMIUMS WRITTEN $6,977 MILLION VERSUS $6,672 MILLION.IN QUARTER, RECORDED PRE-TAX NON-OPERATING RESTRUCTURING COSTS OF $200 MILLION.Q2 EARNINGS PER SHARE VIEW $1.21 -- THOMSON REUTERS I/B/E/S.  Full Article

AIG Says Carlyle To Acquire 19.9 Pct Of DSA Re From Co
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - American International Group Inc ::AIG AND THE CARLYLE GROUP ANNOUNCE STRATEGIC PARTNERSHIP WITH DSA RE.AIG - CARLYLE TO ACQUIRE 19.9% OF DSA RE FROM AIG AND ENTER INTO A STRATEGIC ASSET MANAGEMENT RELATIONSHIP WITH DSA RE.AIG - TO, IN AGGREGATE, ALLOCATE $6 BILLION OF ASSETS INTO VARIOUS CARLYLE MANAGED STRATEGIES ACROSS CORPORATE PRIVATE EQUITY, REAL ASSETS, PRIVATE CREDIT.AIG - DEAL TO BUILD DSA RE INTO A STANDALONE PROVIDER OF REINSURANCE, CLAIMS HANDLING.  Full Article

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
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

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AIG shares slide 3 percent after executives downplay weak results

NEW YORK Insurer American International Group Inc slid more than three percent in morning trading on Friday after executives tried to downplay another weak earnings report and vowed a turnaround was on the horizon.