AIG Reports Strong First Quarter 2024 Results
Retrieved on:
Wednesday, May 1, 2024
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NYSE:AIG
AIG Appoints Kelly Lafnitzegger Executive Vice President and Chief Human Resources & Diversity Officer
Retrieved on:
Monday, April 29, 2024
American International Group, Inc. (NYSE: AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024.
Key Points:
- American International Group, Inc. (NYSE: AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024.
- Ms. Lafnitzegger will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and will be a part of AIG’s Executive Leadership Team.
- Previously, Ms. Lafnitzegger held a series of human resources leadership roles in GE’s Corporate, Capital, Healthcare, Global Research, Transportation and Power divisions.
- Ms. Lafnitzegger succeeds Rose Marie Glazer, who has served as AIG’s Chief Human Resources & Diversity Officer since January 1, 2022, and has transitioned to AIG’s General Counsel.
AIG Announces Leadership Change
Retrieved on:
Monday, April 22, 2024
American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024.
Key Points:
- American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024.
- Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the Company.
- Mr. McElroy joined AIG in 2018 as President and CEO of Lexington Insurance Company and was CEO of General Insurance from August 2020 to December 2023 and Chairman of General Insurance since January 1, 2024.
- “David McElroy joined AIG at a pivotal time as we began the multi-year effort of improving our underwriting performance and refining our risk appetite,” said Peter Zaffino, AIG Chairman & Chief Executive Officer.
Corebridge Financial Completes Sale of UK Life Insurance Business to Aviva plc
Retrieved on:
Tuesday, April 9, 2024
Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has completed the previously announced sale of its UK life insurance business (operating as AIG Life Limited) to Aviva plc.
Key Points:
- Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has completed the previously announced sale of its UK life insurance business (operating as AIG Life Limited) to Aviva plc.
- The transaction allows Corebridge to focus on Life & Retirement products and solutions in the United States.
- J.P. Morgan Securities LLC acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to Corebridge.
AIG to Report First Quarter 2024 Financial Results on May 1, 2024, and Host Conference Call on May 2
Retrieved on:
Wednesday, April 3, 2024
American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.
Key Points:
- American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.
- AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com .
- AIG will also host a conference call on Thursday, May 2, 2024, 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 Reports Excellent Fourth Quarter and Full Year 2023 Results
Retrieved on:
Tuesday, February 13, 2024
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Chris Inglis Elected to AIG’s Board of Directors
Retrieved on:
Wednesday, February 7, 2024
Banking, Professional Services, Insurance, Finance, Johns Hopkins University, Multimedia, Commissioner, Intelligence, Security agency, International Marxist Group, George Washington University, Engineering, Private sector, Columbia University, Air National Guard, AIG, National Intelligence University, United States Naval Academy, Defense Science Board, American International Group, Arms industry
American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors has elected John (Chris) Inglis as an independent Director, effective March 1, 2024.
Key Points:
- American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors has elected John (Chris) Inglis as an independent Director, effective March 1, 2024.
- After 43 years of federal service, including 28 years at the National Security Agency and seven years as its Deputy Director, Mr. Inglis retired from the Department of Defense in January 2014.
- "Chris Inglis is a highly accomplished leader who will provide insight and perspective based on his deep experience with cyber intelligence and advanced technology," said AIG Lead Independent Director, John G. Rice.
- "Chris brings nearly five decades of distinguished military service as well as public and private sector leadership to AIG, and we look forward to welcoming him as our newest Board member."
AIG to Redeem its Series A Preferred Stock, Represented by Depositary Shares
Retrieved on:
Wednesday, January 31, 2024
American International Group, Inc. (NYSE: AIG) today announced that it will redeem all outstanding shares of its Series A 5.85% Non-Cumulative Perpetual Preferred Stock (CUSIP 026874 750 / ISIN US0268747500) (the “Series A Preferred Stock”) and all the corresponding Depositary Shares (CUSIP 026874 768 / ISIN US0268747682) (the “Depositary Shares”), each representing a 1/1,000th interest in a share of Series A Preferred Stock, on March 15, 2024 (the “Redemption Date”).
Key Points:
- American International Group, Inc. (NYSE: AIG) today announced that it will redeem all outstanding shares of its Series A 5.85% Non-Cumulative Perpetual Preferred Stock (CUSIP 026874 750 / ISIN US0268747500) (the “Series A Preferred Stock”) and all the corresponding Depositary Shares (CUSIP 026874 768 / ISIN US0268747682) (the “Depositary Shares”), each representing a 1/1,000th interest in a share of Series A Preferred Stock, on March 15, 2024 (the “Redemption Date”).
- As of January 31, 2024, 20,000 shares of Series A Preferred Stock and 20,000,000 Depositary Shares were outstanding.
- This press release does not constitute a notice of redemption of the Series A Preferred Stock or the corresponding Depositary Shares.
- Holders of the Depositary Shares should refer to the notice of redemption delivered to the registered holders of the Depositary Shares by Equiniti Trust Company, as Depositary, with respect to the Depositary Shares.
AM Best Upgrades Issuer Credit Ratings for American International Group, Inc. and Its Property/Casualty Subsidiaries
Retrieved on:
Friday, January 26, 2024
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a+” (Excellent) from “a” Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of American International Group, Inc.’s (AIG) property/casualty (P/C) insurance subsidiaries (collectively referred to as AIG PC).
Key Points:
- AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a+” (Excellent) from “a” Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of American International Group, Inc.’s (AIG) property/casualty (P/C) insurance subsidiaries (collectively referred to as AIG PC).
- The outlook of the Long-Term ICRs has been revised to stable from positive, while the outlook of the FSR is stable.
- At the same time, AM Best has upgraded the Long-Term ICR to “bbb+” (Good) from “bbb” (Good) of AIG (headquartered in New York, NY) [NYSE: AIG].
- The Credit Ratings (ratings) of AIG PC reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).
AIG to Report Fourth Quarter and Full Year 2023 Financial Results on February 13, 2024, and Host Conference Call on February 14
Retrieved on:
Tuesday, January 16, 2024
American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Tuesday, February 13, 2024.
Key Points:
- American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Tuesday, February 13, 2024.
- AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com .
- AIG will also host a conference call on Wednesday, February 14, 2024, 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 .