Timeline of Apple Inc. products

Don Bailey Joins AIG as Global Head of Distribution and Field Operations

Retrieved on: 
Tuesday, January 3, 2023
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American International Group (NYSE: AIG) today announced that Don Bailey has joined the company as Global Head of Distribution and Field Operations, effective immediately.

Key Points: 
  • American International Group (NYSE: AIG) today announced that Don Bailey has joined the company as Global Head of Distribution and Field Operations, effective immediately.
  • View the full release here: https://www.businesswire.com/news/home/20230103005217/en/
    Mr. Zaffino said, “Over the last few years, we overhauled AIG’s underwriting strategy and risk management profile as we positioned AIG as a global market leader.
  • Continuing to prioritize our value proposition to clients and distribution partners is essential as we reimagine what AIG can do in a rapidly changing environment that presents increasingly complex risks.
  • Don brings a tremendous track record of successfully leading global businesses in the Insurance industry and achieving high quality outcomes for stakeholders.

AIG Announces Five-Year Employment Agreement with Peter Zaffino

Retrieved on: 
Thursday, November 10, 2022
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American International Group, Inc. (NYSE: AIG) today announced that AIG and Peter Zaffino, President & Chief Executive Officer and Chairman of the Board, have entered into an agreement securing Mr. Zaffinos employment through November 10, 2027.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that AIG and Peter Zaffino, President & Chief Executive Officer and Chairman of the Board, have entered into an agreement securing Mr. Zaffinos employment through November 10, 2027.
  • Speaking on behalf of the AIG Board of Directors, John G. Rice said, We are fortunate to have Peter continue as the CEO of AIG for at least the next five years.
  • Under Peters leadership, AIG has delivered on ambitious operational and financial objectives and is well positioned to continue to drive long-term value for the companys shareholders and other stakeholders.
  • Peter Zaffino stated, Over the last few years, our global team has executed a complex, multi-faceted turnaround and transformation to elevate AIGs performance, and deliver value to our clients, distribution partners, shareholders, and other stakeholders.

AIG Announces Independent Director Paola Bergamaschi Elected to Join Board Effective December 1, 2022

Retrieved on: 
Thursday, November 3, 2022
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American International Group, Inc. (NYSE: AIG) today announced that the Board of Directors has elected Paola Bergamaschi as a director of the company, effective December 1, 2022.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that the Board of Directors has elected Paola Bergamaschi as a director of the company, effective December 1, 2022.
  • In addition, John G. Rice, who joined the Board in March 2022, will take on the role of Lead Independent Director, effective January 1, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20221103006231/en/
    Peter Zaffino, Chairman & CEO, AIG, stated, We are very pleased that Paola is joining the AIG Board of Directors.
  • Paola is an experienced financial services executive and independent director who brings deep international expertise in capital markets, global banking, and risk and international regulatory oversight.

AIG to Report Third Quarter 2022 Financial Results on November 1, 2022 and Host Conference Call on November 2, 2022

Retrieved on: 
Wednesday, October 5, 2022
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American International Group, Inc. (NYSE: AIG) will report financial results for the third quarter after the market closes on Tuesday, November 1, 2022.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) will report financial results for the third quarter after the market closes on Tuesday, November 1, 2022.
  • AIGs press release and financial supplement will be available in the Investors section of AIGs website at https://www.aig.com .
  • AIG will also host a conference call on Wednesday, November 2, 2022 at 8:30 a.m.
  • The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com .

AIG Announces Redemption of Certain Outstanding Notes

Retrieved on: 
Friday, September 23, 2022
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American International Group, Inc. (NYSE: AIG) today announced that it will redeem (i) $750,000,000 aggregate principal amount of its outstanding 3.900% Notes Due 2026 (CUSIP 026874DH7 / ISIN US026874DH71) (the 3.900% Notes), (ii) all of its outstanding 3.750% Notes Due 2025 (CUSIP 026874DD6 / ISIN US026874DD67) (the 3.750% Notes) and (iii) $500,000,000 aggregate principal amount of its 2.500% Notes Due 2025 (CUSIP 026874DQ7 / ISIN US026874DQ70) (the 2.500% Notes, and together with the 3.900% Notes and the 3.750% Notes, the Notes) on October 24, 2022 (the Redemption Date).

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that it will redeem (i) $750,000,000 aggregate principal amount of its outstanding 3.900% Notes Due 2026 (CUSIP 026874DH7 / ISIN US026874DH71) (the 3.900% Notes), (ii) all of its outstanding 3.750% Notes Due 2025 (CUSIP 026874DD6 / ISIN US026874DD67) (the 3.750% Notes) and (iii) $500,000,000 aggregate principal amount of its 2.500% Notes Due 2025 (CUSIP 026874DQ7 / ISIN US026874DQ70) (the 2.500% Notes, and together with the 3.900% Notes and the 3.750% Notes, the Notes) on October 24, 2022 (the Redemption Date).
  • On the Redemption Date, AIG will pay to the registered holders of each series of Notes a redemption price per $1,000 principal amount of each series of Notes as determined in accordance with the respective indenture governing such series of Notes, plus accrued and unpaid interest to, but not including, the Redemption Date.
  • As of September 22, 2022, $1,500,000,000 aggregate principal amount of the 3.900% Notes, $1,500,000,000 aggregate principal amount of the 2.500% Notes and $521,781,000 aggregate principal amount of the 3.750% Notes were outstanding.
  • Holders of the Notes should refer to the notice of redemption delivered to the registered holders of the Notes by The Bank of New York Mellon, the trustee with respect to the Notes.

Lexington Insurance Launches Middle Market Casualty Group, Expanding Coverage to Small-to-Medium Size Commercial Enterprises

Retrieved on: 
Thursday, September 8, 2022
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Lexington Insurance Company, an American International Group, Inc. (AIG) company, today announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to small-to-medium-sized commercial enterprises, substantially expanding the companys market reach beyond upper middle-market and large enterprises.

Key Points: 
  • Lexington Insurance Company, an American International Group, Inc. (AIG) company, today announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to small-to-medium-sized commercial enterprises, substantially expanding the companys market reach beyond upper middle-market and large enterprises.
  • The group will provide coverage to classes of business in construction, manufacturing, and the commercial, service, retail, and real estate industries.
  • The launch of Lexingtons Middle Market Casualty team is an important next step in expanding our presence in the SME space as part of our overall Middle Market strategy, said Lou Levinson, President and Chief Executive Officer, Lexington Insurance Company.
  • The opportunity for smaller enterprises to access Lexingtons expertise and capacity has been a welcomed development for the market.

AIG to Participate in the 2022 Keefe, Bruyette & Woods Insurance Conference

Retrieved on: 
Wednesday, August 31, 2022
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American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at the 2022 Keefe, Bruyette & Woods Insurance Conference on Sept. 7, 2022 at 4:20 p.m.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at the 2022 Keefe, Bruyette & Woods Insurance Conference on Sept. 7, 2022 at 4:20 p.m.
  • American International Group, Inc. (AIG) is a leading global insurance organization.
  • AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions.
  • Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

AIG Announces Closing of Hybrid Notes Offering by Corebridge Financial, Inc.

Retrieved on: 
Tuesday, August 23, 2022
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American International Group, Inc. (NYSE: AIG) (AIG) today announced that Corebridge Financial, Inc. (Corebridge), its majority-owned subsidiary, issued and sold $1.0 billion of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 (the Notes).

Key Points: 
  • American International Group, Inc. (NYSE: AIG) (AIG) today announced that Corebridge Financial, Inc. (Corebridge), its majority-owned subsidiary, issued and sold $1.0 billion of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 (the Notes).
  • Corebridge intends to use the net proceeds from this offering to repay a portion of the remaining $1.9 billion outstanding principal balance of the $8.3 billion promissory note previously issued by Corebridge to AIG.
  • AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions.
  • Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

AIG Announces Alan Colberg and Trish Walsh Appointed to Corebridge Financial Board of Directors, Effective September 1st

Retrieved on: 
Tuesday, August 16, 2022
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American International Group, Inc. (NYSE: AIG) today announced that Alan Colberg, retired Chief Executive Officer, Assurant, Inc., and Trish Walsh, Chief Legal Officer, Stripe, Inc., will join the Board of Directors of Corebridge Financial, Inc. (Corebridge) effective September 1, 2022.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Alan Colberg, retired Chief Executive Officer, Assurant, Inc., and Trish Walsh, Chief Legal Officer, Stripe, Inc., will join the Board of Directors of Corebridge Financial, Inc. (Corebridge) effective September 1, 2022.
  • The official appointment of Alan and Trish as independent directors is another important step in the process of preparing Corebridge to be a standalone public company, said Peter Zaffino, Chairman & CEO, AIG, and Chairman of the Board, Corebridge.
  • Before joining Assurant in March 2011, Mr. Colberg was a consultant for Bain & Company, Inc. for 22 years, leading the firms global financial services practice.
  • Prior to joining Stripe, Ms. Walsh served as Chief Legal Officer for Voya Financial, Inc. from 2015 to 2020.

AIG Names Charlie Fry Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization

Retrieved on: 
Monday, July 25, 2022
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American International Group, Inc. (NYSE: AIG) today announced that Charlie Fry has been named Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization, effective July 31st.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Charlie Fry has been named Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization, effective July 31st.
  • View the full release here: https://www.businesswire.com/news/home/20220725005279/en/
    Charlie Fry, Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization, AIG (Photo: Business Wire)
    I am very pleased to welcome Charlie back to AIG.
  • Mr. Fry first joined AIG in 2017 as Global Head of Reinsurance Strategy and Head of Global Portfolio Management for General Insurance.
  • After departing AIG in 2020, he served as Chief Executive Officer of Acacia Holdings Ltd., a Bermuda-based capital investment company.