AMERICAN INTERNATIONAL GROUP, INC.


Associated tags: American International Group, International Marxist Group, Retirement, AIG, Professional Services, Insurance, NYSE, Finance

Locations: BRAND, UNITED STATES, NORTH AMERICA, NEW YORK

Lucy Fato to Assume Role of Vice Chair at AIG

Retrieved on: 
Tuesday, September 5, 2023
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American International Group (NYSE: AIG) today announced that Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effective October 1, 2023.

Key Points: 
  • American International Group (NYSE: AIG) today announced that Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effective October 1, 2023.
  • In this newly created role, Ms. Fato will report to Peter Zaffino, Chairman & Chief Executive Officer of AIG, and continue to support AIG's journey to become a top performing global insurer.
  • Mr. Zaffino stated: “Since Lucy joined AIG in 2017, she has played a pivotal role in successfully navigating AIG’s complicated transformational work and executing on multiple complex workstreams that have transformed the company into what it is today.
  • AIG’s accomplishments over the last few years have been extraordinary, and I look forward to continuing to collaborate with Peter in my new role and contributing to AIG’s ongoing success.

AIG to Participate in the 2023 Keefe, Bruyette & Woods Insurance Conference

Retrieved on: 
Wednesday, August 23, 2023
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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 2023 Keefe, Bruyette & Woods Insurance Conference on Wednesday, Sept. 6, 2023 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 2023 Keefe, Bruyette & Woods Insurance Conference on Wednesday, Sept. 6, 2023 at 4:20 p.m.
  • ET.
  • A link to the live, audio webcast will be available in the Investors section of AIG’s website: https://www.aig.com .
  • A replay will be available afterward at the same location.

Validus Holdings to Redeem its 8.875% Senior Notes Due 2040

Retrieved on: 
Thursday, August 17, 2023
Banking, Professional Services, Insurance, Finance, International Marxist Group, American International Group, Debt-to-GDP ratio, AIG, Sale, BNY Mellon, Nature, CUSIP, Trustee, Bank, NYSE, Security (finance), Note

American International Group, Inc. (NYSE: AIG) (“AIG”) today announced that Validus Holdings, Ltd. (“Validus Holdings”), an AIG company, will redeem all of the outstanding 8.875% Senior Notes due 2040 (CUSIP 91915WAB8 / ISIN US91915WAB81) of Validus Holdings (the “Notes”) on September 21, 2023 (the “Redemption Date”) and directed The Bank of New York Mellon, the trustee with respect to the Notes (the “Trustee”), to deliver a notice of redemption to each registered holder of the Notes (the “Holders”).

Key Points: 
  • American International Group, Inc. (NYSE: AIG) (“AIG”) today announced that Validus Holdings, Ltd. (“Validus Holdings”), an AIG company, will redeem all of the outstanding 8.875% Senior Notes due 2040 (CUSIP 91915WAB8 / ISIN US91915WAB81) of Validus Holdings (the “Notes”) on September 21, 2023 (the “Redemption Date”) and directed The Bank of New York Mellon, the trustee with respect to the Notes (the “Trustee”), to deliver a notice of redemption to each registered holder of the Notes (the “Holders”).
  • As of August 17, 2023, $199,115,000 aggregate principal amount of the Notes were outstanding.
  • This press release does not constitute a notice of redemption of the Notes.
  • Certain statements in this press release, including those describing the completion of the redemption and the proposed transaction with RenaissanceRe Holdings Ltd, constitute forward-looking statements.

AIG to Report Second Quarter 2023 Financial Results on August 1, 2023, and Host Conference Call on August 2

Retrieved on: 
Thursday, July 6, 2023
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American International Group, Inc. (NYSE: AIG) will report financial results for the second quarter ended June 30, 2023, after the market closes on Tuesday, August 1, 2023.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) will report financial results for the second quarter ended June 30, 2023, after the market closes on Tuesday, August 1, 2023.
  • 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, August 2, 2023, 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 .

Transaction Closes between AIG and Stone Point to Form High Net Worth MGA Private Client Select (PCS)

Retrieved on: 
Monday, July 3, 2023
Asset Management, Professional Services, Insurance, Finance, International Marxist Group, High-net-worth individual, PCG, MGA, American International Group, NYSE, AIG, PCS, Stone Point, Financial services, Satellite navigation device, Financial adviser

American International Group, Inc. (NYSE: AIG) today announced that its definitive agreement with funds managed by Stone Point Capital LLC (Stone Point) to form an independent Managing General Agency (MGA) specializing in the High Net Worth and Ultra High Net Worth markets called Private Client Select Insurance Services (PCS) has successfully closed.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that its definitive agreement with funds managed by Stone Point Capital LLC (Stone Point) to form an independent Managing General Agency (MGA) specializing in the High Net Worth and Ultra High Net Worth markets called Private Client Select Insurance Services (PCS) has successfully closed.
  • AIG and Stone Point’s plans to form PCS and move AIG’s Private Client Group (PCG) business to this new independent platform were first announced in February 2023.

AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Monday, June 12, 2023
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American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock.
  • The gross proceeds of the offering to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $1.2 billion.
  • J.P. Morgan acted as Global Coordinator and an Active Bookrunner for the offering.
  • Morgan Stanley, BofA Securities and Piper Sandler also acted as Active Bookrunners for the offering.

AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Thursday, June 8, 2023
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American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $16.25 per share.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $16.25 per share.
  • The offering is expected to close on June 12, 2023, subject to customary closing conditions.
  • AIG, as the selling stockholder, has offered 65 million existing shares of common stock (out of approximately 648 million total shares of common stock outstanding) of Corebridge, corresponding to approximately $1.1 billion of gross proceeds.
  • AIG has also granted a 30-day option to the underwriters to purchase up to an additional 9.75 million shares.

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Monday, June 5, 2023
Banking, Professional Services, Insurance, Finance, Morgan Stanley, International Marxist Group, Attention, Varick Street, American International Group, Corebridge Financial, The Women on the 6th Floor, Telephone, BofA Securities, AIG, Sale, Prospectus, 2nd Floor, NYSE, Broadridge Financial Solutions, Bookrunner, Security (finance)

American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.
  • AIG, as the selling stockholder, is offering 65 million existing shares of common stock (out of approximately 648 million total shares of common stock outstanding) of Corebridge and has granted a 30-day option to the underwriters to purchase up to an additional 9.75 million shares.
  • All of the net proceeds from the offering will go to AIG.
  • J.P. Morgan is acting as Global Coordinator and an Active Bookrunner for the proposed offering.